For Sale
$1,690,000

615 Harwood Rd Hurst, TX 76054

Texas Office Building: High NOI, Multi-Tenant

Overview

Added:
Dec 11, 2024
Days on market:
137
This single-story, 4,535 square foot office building in Hurst, Texas, presents a compelling investment opportunity. Located at 615 W Harwood Rd, 76054, this property boasts a 6.00% cap rate with a pro-forma cap rate of 10.76%, and a strong net operating income (NOI) of $112,196 (pro-forma NOI: $181,878). The building, constructed in 1982 and renovated three years ago, features 2 units and sits on an 18,182 square foot lot with 29 parking spaces. Improvements include a new HVAC system, roof, restrooms, kitchen/breakroom, flooring, paint, hardware, landscaping, gutters, and French drains. The property is currently 80% occupied, with a dental practice occupying approximately 1,500 square feet under a multi-year lease and additional general office/entrepreneurial space available for lease. The general office area offers multiple individual office spaces for lease, ranging from 540 to $1100 per month depending on size. The building features a common area with renovated restrooms and a digital display board. Monument signage is visible from the street. The property is zoned for commercial use and offers excellent potential for an owner-user or investor seeking a strong return. All information is deemed reliable but not guaranteed

Highlights

  • 1,500 SF dental space available for lease; 3-year term; $2,475/month + NNN.
  • General office/entrepreneur workspace available month-to-month; multiple long-term tenants; rent ranges from $540 to $1,100/month depending on size.
  • Excellent investment or owner-user opportunity to occupy desired general office space while maintaining dental space lease income.

Property Details for 615 Harwood Rd

Property type
Office properties, Office space
Square Feet
4,535 SF
Year Built/Renovated
1982/3
Stories
1
Units
2

Location Insight

City
Hurst
County
Tarrant
State
Texas
Latitude
32.8466081
Longitude
-97.1799942

FAQs

What type of property is this?
Office property - Texas Office Building: High NOI, Multi-Tenant
Where is the office property located?
The property is located at 615 Harwood Rd Hurst, TX.
What is the asking price?
The asking price for this property is $1,690,000.
What are key features of this property?
This property features: 1,500 SF dental space available for lease; 3-year term; $2,475/month + NNN.; General office/entrepreneur workspace available month-to-month; multiple long-term tenants; rent ranges from $540 to $1,100/month depending on size.; Excellent investment or owner-user opportunity to occupy desired general office space while maintaining dental space lease income.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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615 Harwood Rd
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