Office Building with Contiguous
1340 S Main Street, Grapevine, TX 76051
For Sale
$3,950,000
CommercialSale, Grapevine, TX
Property Size14,755 SF
Lot Size1.19 Acres
Price / SF$267.71
Days on Market127
Property Features for 1340 S Main Street
General Information
Property type
Property subtype
Zoning description
Parking features
Subdivision
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Number of units
Buildings
Listing Agency:
Vision Commercial Real Estate
Listed By:
Trenton Price · License TX #0652029
(817) 803-3287
Added: Jul 10
Changed: Nov 10
Last Checked: Nov 13 at 7:06PM
MLS# 21279558
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The 14,755-square-foot office building occupies a 1.19-acre parcel and dates to 1972. It has central air conditioning, electric central heating, and a parking lot. A contiguous 5,014-square-foot space is scheduled to become available by January 2027.
The property is on Main Street near downtown Grapevine. Highways 121, 114, 635, and 360 are minutes away, and DFW International Airport is a five-minute drive. TEXRail and Hotel Vin are a few blocks from the building.
The property is on Main Street near downtown Grapevine. Highways 121, 114, 635, and 360 are minutes away, and DFW International Airport is a five-minute drive. TEXRail and Hotel Vin are a few blocks from the building.
Key Highlights
- 5,014 contiguous SF available by January 2027
- 14,755‑square‑foot office building on 1.19 acres
- Located along Main Street near downtown Grapevine
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$254,966
Cap Rate
6.45%
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 6.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.19M
$4.54M – $6.06M
NOI $363,327 @ 7.0% cap · market cap 9.20%
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
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,243
Businesses Nearby
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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
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Market
Properties on Market for Office buildings in Tarrant County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Central air, electric heat, and a parking lot serve the office property.
Where is this office building located?
The property is located at 1340 S Main Street Grapevine, TX.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: 5,014 contiguous SF available by January 2027; 14,755‑square‑foot office building on 1.19 acres; Located along Main Street near downtown Grapevine
