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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    801 Frst Rdg Dr Bedford, TX 76022-7240

    • Office buildings
    • 10,024 SF
    • 1.06 lot acres
    OFF-MARKET
    Last Sale
    Mar 26, 2020
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1229631
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Rogers Manufacturing Corporation / Industrial Manufacturer / Production Facility
    • Swag Attack Beauty / Hair Salon / Nail Salon
    • Wade Morris CPA / Accounting Firm / Tax Preparation
    • Savior Contractor Management / Construction Company / General Contractor
    • OFFICE / Corporate Office

    Property Details for 801 Frst Rdg Dr

    Year built
    1979
    Lot size
    1.06 lot acres
    Property size
    10,024 SF
    Property type
    Office buildings
    APN
    21235-2-A
    APU
    212352A

    Description

    This exceptional 10,024 square foot office building, situated on a 1.06-acre lot in Bedford, Texas, presents a unique leasing opportunity. Built in 1984, this single-story structure offers a flexible workspace suitable for a variety of businesses. The property is zoned X and currently features a mix of tenancies. A significant portion of the building, totaling 4,303 square feet, is currently vacant and ready for immediate occupancy. The building's versatility is further enhanced by its classification as Traditional Office, Medical Office, Executive Office, Creative Office, and Coworking space, catering to diverse business needs. Ample parking is provided with 45 spaces available for tenants and their clients. The strategic location at the intersection of Forest Ridge Drive and Pipeline Road in central Bedford ensures high visibility and convenient access. A tenant improvement allowance is available, allowing for customization to perfectly suit your business's specific requirements. This presents a rare chance to secure a professional and adaptable workspace in a highly desirable Bedford location, offering attractive rental rates. The property's address is 801 Forest Ridge Dr, Bedford, TX 76022.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bedford
    County
    Tarrant
    State
    Texas
    Longitude
    -97.1479
    Latitude
    32.823
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $15,068
    $184,800
    $694,557
    $879,357
    -
    $184,800
    $694,557
    $879,357

    Comparable in this City

    • Value Estimation by Request
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      1312 Norwood Dr

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      813 Brown Trl

      OFFICE BUILDING • 10,756 SF
      813 Brown Trl, Bedford, TX 76022-7338
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    • Value Estimation
      $505,000
      15,708 SF

      807 Frst Rdg Dr

      OFFICE BUILDING • 15,708 SF
      807 Frst Rdg Dr, Bedford, TX 76022-7253
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    • Value Estimation by Request
      3,213 SF

      1306 Norwood Dr

      OFFICE BUILDING • 3,213 SF
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    • Value Estimation by Request
      7,860 SF

      1400 Brown Trl

      OFFICE BUILDING • 7,860 SF
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    Similar Nearby for Lease

    • $13 SF/Yr
      660 SF

      Modern Office Space Available

      Office space for lease near DFW Airport and Highway 183.
      803 Forest Ridge Dr, Bedford, TX 76022
      View Details
    • $14 SF/Yr
      3,540 SF

      Retail/Medical Space Near HEB

      Retail or medical space with ample parking near HEB.
      2636 Tibbets Dr, Bedford, TX 76022
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    • $3,500 /Mo
      15,769 SF

      Renovated Office Space in Bedford

      Move-in ready office space with modern finishes and flexible use.
      508 Bedford Rd, Bedford, TX 76022
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    • $18 SF/Yr
      68,749 SF

      Forest Ridge Office Space in Bedford, TX

      Modern Bedford office suites, flexible space available.
      1600 Airport Fwy, Bedford, TX 76022
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    • $13 SF/Yr
      22,269 SF

      Forest Ridge Office Space Available

      Office spaces in Bedford, TX, with easy access to amenities.
      803-805 Forest Ridge Dr, Bedford, TX 76022
      View Details
    • $10 SF/Yr
      3,025 SF

      Remodeled Office/Flex Space Available

      Move-in ready, remodeled 3,025 SF office/flex space for lease.
      807 Forest Ridge Dr, Bedford, TX 76022
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    Bedford, TX 76022-7240
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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