1312 Norwood DrBedford, TX 76022

Property Details for 1312 Norwood Dr

Year built

2007

Lot size

0.27 AC

Property size (Sq ft)

3,645 SF

Property type

Office buildings

APN

32053-A-4

APU

32053A4

Description

This exceptional 3,650-square-foot office building in Bedford, Texas, presents a unique leasing opportunity. Built in 2007, the Class B property is ideally situated for easy access to major highways 183 and 121, offering convenient commutes to DFW Airport, downtown Dallas, and downtown Fort Worth. The building is divided into two identical 1,825-square-foot units, each perfect for a variety of office or medical uses. Each unit boasts four spacious window offices (each accommodating up to three desks), a welcoming waiting area (with seating for eight), a receptionist area (with space for three desks), a copy/printer room with storage, a cafeteria with refrigerator and coffee machine, and private bathroom facilities. One unit is partially furnished, including desks and filing cabinets, allowing for immediate occupancy. The building features a prominent street sign for enhanced visibility. Leasing terms are highly competitive at $23 per square foot ($18 base rent + $5 NNN), translating to approximately $3,500 per month per unit, inclusive of NNN charges. This represents an outstanding value in the current market. The property is single-tenant and ready for immediate occupancy. Located in Tarrant County, Texas, with a 76022 zip code, this property offers a compelling combination of location, amenities, and affordability.

• CAP approach

  CAP return

  Valuation

  6%

  $512,489

  6.5%

  $473,066

  7%

  $439,276

• Comparable approach

  Method

  Valuation

  Relative Method

  $403,368

  Geo Method

  $960,508

• Alternative Use

  Use

  Valuation

  Residential

  $586,602

  Hospitality

  $537,325

  Educational

  $447,048

  Medical

  $462,422

  Retail

  $695,408

Location Insight

City

Bedford

County

Tarrant

State

Texas

Latitude

32.835

Longitude

-97.1667

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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