Grapevine Office Building
1340 S Main St Grapevine, TX 76051
1340 S Main St, Grapevine, TX, 76051
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For Sale
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15,064 SF building in Grapevine, TX. Owner-occupant opportunity.
Property Size15,064 SF
Price / SF$265.53
Days on Market57
Property Features for 1340 S Main St
General Information
- Standard status
- Active
- Size
- 15,064 SF
- Property subtype
- Office
Listing Agency
Vision Commercial Real Estate Fort Worth
Listed by
Roger Smeltzer · License #TX 560209
Source
Crexi
Added: May 22 Checked: Jul 17 at 4:46 am
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 Vision Commercial Real Estate Fort Worth
Investment Insights
Based on property information with market context.
Located at 1340 S Main St in Grapevine, TX, this 15,064 SF building presents a commercial real estate investment opportunity. Constructed in 1972, the property is zoned F1. The building offers potential for office or office building investors. Approximately 7,488 contiguous SF will become available by December, creating an opportunity for an owner-occupant. The property is situated in Grapevine near Historic Downtown Grapevine's shops, Grapevine Mills mall, and Grapevine Lake. Proximity to major highways ensures accessibility, and nearby hotels such as the Gaylord Texan Resort and Great Wolf Lodge are available.
Key Highlights
- Prime investment opportunity in Grapevine, TX.
- 15,064 SF building zoned F1 with Office/Office Building potential.
- 7,488 contiguous SF available by December, ideal for owner‑occupant.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $462.8k | $30.72 |
| − Vacancy | −$115.7k | −$7.68 |
| EGI | $347.1k | $23.04 |
| − OpEx | −$86.8k | −$5.76 |
| NOI | $260.3k | $17.28 |
15,064 SF · lease $30.72/SF/yr · vacancy 25.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.72M
$3.25M – $4.34M
NOI $260,306 @ 7.0% cap · market cap 6.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.30M
$4.64M – $6.18M
NOI $370,936 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Alice Ledesma
Physician
Gregory F Ulrich ...
Loan Service
Discount Tire Repair ...
General Contractor
Namco Water Damage ...
Hardware & Home Improvement
Advanced Hearing & Balance ...
Medical Clinic
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FAQs
What type of property is this?
Office building - 15,064 SF building in Grapevine, TX. Owner-occupant opportunity.
Where is this office building located?
The property is located at 1340 S Main St Grapevine, TX.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Prime investment opportunity in Grapevine, TX.; 15,064 SF building zoned F1 with Office/Office Building potential.; **7,488 contiguous SF available by December, ideal for owner‑occupant.**
