1550 Norwood DrHurst, TX 76054

Property Details for 1550 Norwood Dr

Year built

1985

Lot size

4.61 AC

Property size (Sq ft)

43,488 SF

Property type

Office buildings

APN

25260-44-A1

APU

2526044A1

Description

This single-story, 44,245 square foot office building in Hurst, Texas, offers a variety of spaces perfect for businesses of all sizes. Built in 1985 and renovated in 2019, the property boasts 183 parking spaces and sits on 4.61 acres of land in Tarrant County. The building features prominent monument signage, ensuring excellent visibility for tenants. Available suites range from 845 to 1,783 square feet, and are move-in ready, designed to streamline the transition for new occupants. The building's location just off Highway 183 provides easy access for employees, clients, and partners. The property is ideal for traditional, executive, medical, or creative office uses, offering a versatile space for a variety of businesses. The modern design creates a professional and comfortable atmosphere, catering to the needs of both tenants and visitors. This is a unique opportunity to establish a strong business presence in a highly visible and convenient location. The property's multiple tenancy structure allows for flexibility and diverse occupancy. The zip code is 76054.

• CAP approach

  CAP return

  Valuation

  6%

  $6,114,433

  6.5%

  $5,644,092

  7%

  $5,240,942

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,812,534

  Geo Method

  $11,452,830

• Alternative Use

  Use

  Valuation

  Residential

  $6,998,674

  Hospitality

  $6,410,748

  Educational

  $5,333,667

  Medical

  $5,517,100

  Retail

  $8,296,815

Location Insight

City

Hurst

County

Tarrant

State

Texas

Latitude

32.8416

Longitude

-97.1668

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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