3231 Harwood RdBedford, TX 76021

Property Details for 3231 Harwood Rd

Year built

1990

Lot size

0.57 AC

Property size (Sq ft)

4,646 SF

Property type

Office buildings

APN

9037-1-1AR4

APU

903711AR4

Description

This exceptional 4,646 square foot office building, situated on a 0.57-acre lot in Bedford, Texas, presents a unique investment opportunity. Ideally located off Highway 121 on Harwood Road, the property boasts excellent visibility and convenient access. The building features twelve private offices, providing ample space for a variety of business needs. Two reception areas ensure a professional and welcoming atmosphere for clients and visitors. Additional amenities include a comfortable break room, a dedicated conference room for meetings and presentations, two copier rooms for efficient document management, a convenient storage room and attic for extra space, and two restrooms. A charming fireplace adds a touch of warmth and character to the interior. The property also includes a serene outdoor garden, professionally landscaped grounds, and a lighted monument sign for enhanced visibility. High-speed internet, phone lines, and television connectivity are already in place. The building's rear abuts a school, offering a peaceful setting with plenty of open space and natural light streaming through numerous windows. This turnkey property is ready for immediate occupancy and represents an excellent opportunity for a growing business or investor seeking a well-maintained and strategically located office space. The asking price is $995,000.

• CAP approach

  CAP return

  Valuation

  6%

  $871,025

  6.5%

  $804,023

  7%

  $746,593

• Comparable approach

  Method

  Valuation

  Relative Method

  $576,879

  Geo Method

  $1,221,979

• Alternative Use

  Use

  Valuation

  Residential

  $996,989

  Hospitality

  $913,236

  Educational

  $759,802

  Medical

  $785,933

  Retail

  $1,181,914

Location Insight

City

Bedford

County

Tarrant

State

Texas

Latitude

32.8525

Longitude

-97.1149

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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