Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4215 Lakeside Pkwy Grapevine, TX 76051

    Sponsored
    For Sale
    $345,000

    2.7 Acres, Below Market Price, DFW Access

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    357
    This exceptional 2.7-acre land parcel presents a compelling development opportunity in the thriving Grapevine, Texas market. Strategically located off Lakeside Parkway, this property enjoys proximity to the bustling Lakeside Business District, placing it within a vibrant commercial hub. While currently landlocked, the attractive below-market price point makes this a highly attractive investment for developers willing to negotiate an access easement with neighboring properties. The site's advantageous location offers unparalleled convenience, situated just five minutes from Dallas/Fort Worth International Airport (DFW), ensuring seamless connectivity for businesses and employees. The surrounding area boasts a strong concentration of established corporate neighbors, including major players such as Stryker Communications, Best Buy Distribution, Ivie & Associates, HD Supply, Mohawk, FUNimation, ThermoTek, Signature Systems Group, Mercedes Benz, and the global headquarters of BNSF Logistics. Over 100 businesses and distribution facilities operate within minutes, underscoring the area's robust economic activity and potential for significant returns on investment. This property offers developers a unique chance to capitalize on a prime location within a thriving commercial ecosystem, presenting a rare opportunity for significant growth and development. The land's size and strategic positioning make it ideal for a variety of commercial projects, promising substantial returns for the discerning investor.

    Property Features for 4215 Lakeside Pkwy

    General Information

    Property type
    Other commercial real estate
    Lot Size
    117,612 SF

    We can help!

    Listing Contact
    Charles Horton

    Learn more

    Property Insight Report
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grapevine
    County
    Dallas
    State
    Texas
    Longitude
    -97.02937
    Latitude
    32.98372

    Nearby Similar for Sale

    • $5,800,000
      1,230 SF

      Luxury Equine Estate Near Lake Grapevine

      Private 5.5-acre estate with custom barn and lake access.
      5000 T W King Rd, Grapevine, TX 76092
      View Details
    • $5,800,000
      5.54 Acres

      Luxury Equine Estate Near Lake Grapevine

      Private 5.5-acre Southlake estate with custom barn and lake access.
      5000 T W King Rd, Grapevine, TX 76092
      View Details
    • $874,900
      0.28 Acres

      Grapevine Duplex with Income Potential

      Turnkey duplex in prime Grapevine location with updated features.
      1801 Fern Ct, Grapevine, TX 76051
      View Details
    • $2,888,000
      1.98 Acres

      Grapevine Office Building For Sale

      Two-story office building in high-demand corridor with modern amenities.
      2405 Mustang Dr, Grapevine, TX 76051
      View Details
    • $2,200,000
      0.51 Acres

      Grapevine Multifamily Investment Opportunity

      Fully occupied 13-unit apartment near Historic Downtown Grapevine.
      705 E Worth St, Grapevine, TX 76051
      View Details
    • $1,045,500
      0.14 Acres

      Grapevine Quadplex Investment Opportunity

      Fully occupied Grapevine quadplex near historic downtown, offering immediate cash flow.
      210 Austin St, Grapevine, TX 76107
      View Details
    • $1,650,000
      0.46 Acres

      Grapevine Multifamily Investment Opportunity

      Fully occupied 8-unit multifamily property near Historic Downtown Grapevine.
      717 E Texas St, Grapevine, TX 76051
      View Details
    • $2,200,000
      2,640 SF

      Grapevine, TX NNN Investment Opportunity

      NNN leased Kwik Kar in a high-traffic Grapevine location.
      901 W Northwest Hwy, Grapevine, TX 76051
      View Details
    • $4,800,000
      26,650 SF

      Grapevine Retail/Office Investment Opportunity

      Service-oriented retail/office property in Grapevine, Texas, for investors or owner-users.
      204 N Dooley St, Grapevine, TX 76051
      View Details
    • Contact for pricing
      8,740 SF

      Grapevine Retail Free Standing Building

      8,740 SF retail building in a prime Grapevine location.
      833 East Northwest Hwy, Grapevine, TX 76051
      View Details
    • $5,730,000
      6,500 SF

      Restaurant Property on State Highway

      Restaurant property with a new 15-year ground lease.
      450 W State Highway 114, Grapevine, TX 76051
      View Details
    • $295,000

      Updated End Unit in Grapevine

      Well-maintained home with numerous updates and desirable location.
      1941 Shorewood Dr, Grapevine, TX 76051
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - 2.7 Acres, Below Market Price, DFW Access
    Where is this commercial real estate located?
    The property is located at 4215 Lakeside Pkwy Grapevine, TX.
    What is the asking price?
    The asking price for this property is $345,000.
    Request Owner's contact information
    4215 Lakeside Pkwy Grapevine, TX 76051
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4215 Lakeside Pkwy
    Grapevine, TX 76051
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4215 Lakeside Pkwy Grapevine, TX 76051
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Charles Horton
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.