Office Building with Contiguous Space
For Sale
Contact for pricing
1340 S Main St, Grapevine, TX 76051
Office building near downtown Grapevine with contiguous space coming available by December and quick access to DFW International Airport.
Property Size7,488 SF
Price / SF$534.19
Days on Market43
Property Features for 1340 S Main St
General Information
Standard status
Active
Size
7,488 SF
Property subtype
OFFICE
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Listing Agency:
Vision Commercial Real Estate - Grapevine
(817) 307-8886
Listed By:
Randy Scott · License #TX-641319
(817) 307-8886
Source:
Moodyscre
Added: Jun 19
Changed: Jul 31
Last Checked: Jul 31 at 4:08AM
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 - Grapevine
Investment Insights
Based on property information with market context.
Beautiful office building located at 1340 S Main St in Grapevine, TX, along Main Street near downtown Grapevine. The property includes 7,488 contiguous SF coming available by December, supporting a range of office layout and tenant needs.
The building is minutes away from Highways 121, 114, 635 and 360, and it is about 5 minutes from DFW International Airport. It is also a few blocks from the new Grapevine TEXRail and Hotel Vin, which can help support tenant accessibility and employee commute options.
With contiguous space available by December, the property is positioned for an office tenant looking for a cohesive floorplate within an established downtown-adjacent setting.
The building is minutes away from Highways 121, 114, 635 and 360, and it is about 5 minutes from DFW International Airport. It is also a few blocks from the new Grapevine TEXRail and Hotel Vin, which can help support tenant accessibility and employee commute options.
With contiguous space available by December, the property is positioned for an office tenant looking for a cohesive floorplate within an established downtown-adjacent setting.
Key Highlights
- 7,488 contiguous SF coming available by December
- Minutes to Highways 121, 114, 635 and 360
- About 5 minutes to DFW International Airport
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 | $230.0k | $30.72 |
| − Vacancy | −$57.5k | −$7.68 |
| EGI | $172.5k | $23.04 |
| − OpEx | −$43.1k | −$5.76 |
| NOI | $129.4k | $17.28 |
7,488 SF · lease $30.72/SF/yr · vacancy 25.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.85M
$1.62M – $2.16M
NOI $129,393 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.63M
$2.30M – $3.07M
NOI $184,385 @ 7.0% cap · market cap 4.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
734
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office building near downtown Grapevine with contiguous space coming available by December and quick access to DFW International Airport.
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: 7,488 contiguous SF coming available by December; Minutes to Highways 121, 114, 635 and 360; About 5 minutes to DFW International Airport
