Occupied Medical Office For Sale

2321 E Ira Woods Ave, Grapevine, TX

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For Sale

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100% occupied medical office building with long-term tenants.

Type:OFFICE

Property size:

11,031 SF

Lot size:

1.20 Acres

Price / SF:

$327/SF

HighLights

100% Occupied Four Tenant Medical Office
Existing tenants on NNN leases with staggered lease turnover for long term income stability
Recent 5 year lease renewal with Grapevine Family Dentistry
Complimentary mix of medical tenants, synergistic mix of medical tenants in surrounding properties, minutes from Baylor Scott & White – Grapevine Campus
Fronting major thoroughfare – Ira E Woods Ave, visible to over 35,000 vehicles per day with multiple points of ingress & egress
Phenomenal demographics, average household income is over $150,000 in a 3 mile radius – more than 2x the national average

We can help!

Listing Contact

Andrew Robeson

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For Sale

Contact for pricing

100% occupied medical office building with long-term tenants.

Type:OFFICE

Property size:

11,031 SF

Lot size:

1.20 Acres

Price / SF:

$327/SF

Added:: May 2, 2025
Days on Market:: 415
Last Refresh:: May 19 at 9:15 pm

Property Features for 2321 E Ira Woods Ave

General Information

Standard status: Active
Size: 11,031 SF
Lot size: 1.20 Acres
Property subtype: OFFICE

We can help!

Listing Contact

Andrew Robeson

Listing agent Andrew Robeson License #793517

Listing office STRIVE

Listing date May 2, 2025

Source Moodyscre

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 STRIVE

HighLights

100% Occupied Four Tenant Medical Office
Existing tenants on NNN leases with staggered lease turnover for long term income stability
Recent 5 year lease renewal with Grapevine Family Dentistry
Complimentary mix of medical tenants, synergistic mix of medical tenants in surrounding properties, minutes from Baylor Scott & White – Grapevine Campus
Fronting major thoroughfare – Ira E Woods Ave, visible to over 35,000 vehicles per day with multiple points of ingress & egress
Phenomenal demographics, average household income is over $150,000 in a 3 mile radius – more than 2x the national average

Overview

This 100% occupied medical office building features four tenants under NNN leases with staggered turnover, providing long-term income stability. A recent 5-year lease renewal was completed with Grapevine Family Dentistry. The property benefits from a complementary mix of medical tenants and a synergistic mix of medical tenants in surrounding properties, and is located minutes from Baylor Scott & White – Grapevine Campus. Situated on Ira E Woods Ave, the location offers high visibility with over 35,000 vehicles per day and multiple points of ingress and egress. The surrounding area boasts phenomenal demographics, with an average household income exceeding $150,000 within a 3-mile radius, more than twice the national average. The tenants draw traffic from nearby households in Grapevine, Southlake, Colleyville, and more, with over 50,000 households within a 5-mile radius. Nearby national retailers include Walmart, Sam’s Club, Costco, Target, Academy Sports, and Best Buy. The property contains 11,031 square feet.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$338.9k	$30.72
− Vacancy	−$84.7k	−$7.68
EGI	$254.2k	$23.04
− OpEx	−$63.5k	−$5.76
NOI	$190.6k	$17.28

11,031 SF · lease $30.72/SF/yr · vacancy 25.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$2.72M

$2.38M – $3.18M (±1% cap)

NOI $190,616 @ 7.0% cap · market cap 5.28%

Second Best

Healthcare Medical

$2.70M

$2.36M – $3.15M (±1% cap)

NOI $189,027 @ 7.0% cap · market cap 5.24%

Theoretical Best

Office A

$3.88M

$3.40M – $4.53M (±1% cap)

NOI $271,627 @ 7.0% cap · market cap 7.52%

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

Location Intelligence

Current Use by Public Records

Medical Office Space

Similar Places Nearby

Northwest Animal Hospital: Hill Melinda A DVM — 1027 William D Tate Ave, Grapevine, TX 76051
Dr. Jason Steinle — 1027 William D Tate Ave, Grapevine, TX 76051
Petco Vaccination Clinic — 1250 William D Tate Ave Ste 200, Grapevine, TX 76051
Dallas Veterinary Surgical Center - Grapevine — 2700 W State Hwy 114, Grapevine, TX 76051
Northwest Animal Hospital — 1027 William D Tate Ave, Grapevine, TX 76051

Map

City: Grapevine
County: Tarrant
State: Texas
Longitude: -97.0781
Latitude: 32.9343

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For sale
Medical Office Space
TX
Grapevine
2321 E Ira Woods Ave

What type of property is this?

Medical Office Space - 100% occupied medical office building with long-term tenants.

Where is this medical office space located?

The property is located at 2321 E Ira Woods Ave Grapevine, TX.

What is the asking price?

The asking price for this property is $3,610,000.

What are key features of this property?

This property features: 100% Occupied Four Tenant Medical Office; Existing tenants on NNN leases with staggered lease turnover for long term income stability; Recent 5 year lease renewal with Grapevine Family Dentistry

2321 E Ira Woods Ave, Grapevine, TX

100% occupied medical office building with long-term tenants.

Property Features for 2321 E Ira Woods Ave

General Information

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Similar Places Nearby

Map

Nearby Similar for Sale

Downtown Office Building

Stabilized Quadplex Income Property

Grapevine, TX NNN Investment Opportunity

Renovated Office Building with Parking

Grapevine Office Building Investment

Freestanding Caribou Coffee Investment Property

Grocery Anchored Shopping Center Space

Grapevine Restaurant Investment Opportunity

Grapevine Professional Office Building

Freestanding Medical Office Space

Restaurant Property on State Highway

Retail Property in Grapevine, TX

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