Second-Generation Restaurant
For Sale
Contact for pricing
1701 William D Tate Ave, Grapevine, TX 76051
Established restaurant improvements support continued food-service use in Grapevine.
Property Size7,885 SF
Price / SF$367.79
Days on Market208
Property Features for 1701 William D Tate Ave
General Information
Standard status
Active
Size
7,885 SF
Property subtype
Retail
Building Details
Year Built
1995
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Level Commercial
Listed By:
Tracy Gray · License #696889
Source:
Crexi
Added: Mar 24
Changed: Oct 13
Last Checked: Oct 16 at 8:53AM
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 Level Commercial
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Investment Insights
Based on property information with market context.
This conventional restaurant property offers 7,885 square feet of second-generation restaurant improvements. Constructed in 1995, the building is available for either sale or lease and is located on William D Tate Ave in Grapevine, Texas.
Key Highlights
- 7,885 SF conventional restaurant property
- Second‑generation restaurant improvements
- Built in 1995
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$119,434
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,388,680
$2.4M
Cap Rate 7%
$1,706,200
$1.7M
Cap Rate 9%
$1,327,044
$1.3M
Market Conditions
NOI Build-Up for 7,885 SF
Gross rent
$170.3K $21.60/SF
− Vacancy
−$11.1K −$1.40/SF
EGI
$159.2K $20.20/SF
− OpEx
−$39.8K −$5.05/SF
NOI
$119.4K $15.15/SF
Area
Tarrant County, TX
Vacancy
6.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,388,680
Cap Rate 7%
$1,706,200
Cap Rate 9%
$1,327,044
Alternative Uses
Best Use
Specialty Retail
$1.71M
$1.49M – $1.99M
NOI $119,434 @ 7.0% cap · market cap 4.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.77M
$2.43M – $3.24M
NOI $194,160 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
649
Businesses Nearby
Balanced
Demand for This Use
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established restaurant improvements support continued food-service use in Grapevine.
Where is this conventional restaurant located?
The property is located at 1701 William D Tate Ave Grapevine, TX.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 7,885 SF conventional restaurant property; Second‑generation restaurant improvements; Built in 1995
