Office Building Near
For Sale
$4,000,000
1340 S Main St, Grapevine, TX 76051
Office property with contiguous space scheduled to become available by December.
Property Size14,755 SF
Price / SF$271.09
Days on Market56
Property Features for 1340 S Main St
General Information
Standard status
Active
Size
14,755 SF
Site & Location
Highway Access
Yes
Public Transit
Yes
Building Details
Year Built
1972
Listing Agency:
Vision Commercial Real Estate
Listed By:
Trenton Price · License #0652029
(817) 803-3287
Source:
Yourdavisteam
Added: Aug 20
Changed: Oct 3
Last Checked: Oct 7 at 4:23PM
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 Vision Commercial Real Estate
Investment Insights
Based on property information with market context.
This office building contains 14,755 square feet and includes 7,488 contiguous square feet scheduled to become available by December. Constructed in 1972, the property is positioned along S Main Street in Grapevine, near the downtown area.
The site is a few blocks from Grapevine TEXRail and approximately 5 minutes from DFW International Airport. Highways 121, 114, 635, and 360 are each accessible from the property, providing connections throughout the surrounding employment and commercial areas.
The site is a few blocks from Grapevine TEXRail and approximately 5 minutes from DFW International Airport. Highways 121, 114, 635, and 360 are each accessible from the property, providing connections throughout the surrounding employment and commercial areas.
Key Highlights
- 14,755‑square‑foot office building constructed in 1972
- 7,488 contiguous SF coming available by December
- Located along S Main Street near downtown Grapevine
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$254,966
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,099,320
$5.1M
Cap Rate 7%
$3,642,371
$3.6M
Cap Rate 9%
$2,832,956
$2.8M
Market Conditions
NOI Build-Up for 14,755 SF
Gross rent
$453.3K $30.72/SF
− Vacancy
−$113.3K −$7.68/SF
EGI
$340.0K $23.04/SF
− OpEx
−$85.0K −$5.76/SF
NOI
$255.0K $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%
$5,099,320
Cap Rate 7%
$3,642,371
Cap Rate 9%
$2,832,956
Alternative Uses
Best Use
Office B
$3.64M
$3.19M – $4.25M
NOI $254,966 @ 7.0% cap · market cap 6.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.19M
$4.54M – $6.06M
NOI $363,327 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,243
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
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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 property with contiguous space scheduled to become available by December.
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: 14,755‑square‑foot office building constructed in 1972; 7,488 contiguous SF coming available by December; Located along S Main Street near downtown Grapevine
