Grapevine Office Building For
For Sale
$2,300,000
1010 Mustang Dr., Grapevine, TX 76051
7,043 SqFt office building available in Grapevine, Texas.
Property Size7,043 SF
Price / SF$326.57
Days on Market211
Property Features for 1010 Mustang Dr.
General Information
Standard status
Active
Size
7,043 SF
Property subtype
Office
Building Details
Building Size
7,043 SF
Listing Agency:
NAI Robert Lynn
Listed By:
Kyle Kosub · License #TX815848
(817) 872-3915
Source:
Commercialcafe
Added: Mar 26
Changed: Oct 17
Last Checked: Oct 20 at 5:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Robert Lynn
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Investment Insights
Based on property information with market context.
This 7,043 square foot office building is available for sale. The property is located in Grapevine, Texas.
Key Highlights
- Office Property
- 7,043 SqFt of space
- Built in 2005
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$121,703
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,434,060
$2.4M
Cap Rate 7%
$1,738,614
$1.7M
Cap Rate 9%
$1,352,256
$1.4M
Market Conditions
NOI Build-Up for 7,043 SF
Gross rent
$216.4K $30.72/SF
− Vacancy
−$54.1K −$7.68/SF
EGI
$162.3K $23.04/SF
− OpEx
−$40.6K −$5.76/SF
NOI
$121.7K $17.28/SF
Area
Tarrant County, TX
Vacancy
25.00%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,434,060
Cap Rate 7%
$1,738,614
Cap Rate 9%
$1,352,256
Alternative Uses
Best Use
Office B
$1.74M
$1.52M – $2.03M
NOI $121,703 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.48M
$2.17M – $2.89M
NOI $173,427 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
325
Businesses Nearby
Explore this area
Business Placement
Demographics for 76051, TX
49,969
Population
22,529
Households
2.2
Avg Household Size
39
Median Age
57%
College-Educated
95%
High-School Grad
22.3 sq mi
ZIP Area
2,241
Density / Sq Mi
$111,193
Median Household Income
$61,522
Median Earnings
$1,806
Median Rent
$467,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - 7,043 SqFt office building available in Grapevine, Texas.
Where is this office building located?
The property is located at 1010 Mustang Dr. Grapevine, TX.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Office Property; 7,043 SqFt of space; Built in 2005
