Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Mixed-Use Development Space Available Title is generated by Realmo AI

    1901 Heritage Trace Pkwy, Grapevine, TX

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail, restaurant, medical, and office spaces available for lease.

    Type:OFFICE
    Property size:
    1,481 SF
    Lot size:
    4.79 Acres
    Added:
    Nov 24, 2025
    Days on Market:
    180
    Last Refresh:
    Apr 5 at 9:10 pm

    Property Features for 1901 Heritage Trace Pkwy

    General Information

    Standard status
    Active
    Size
    1,481 SF
    Lot size
    4.79 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 1901 Heritage Trace Pkwy Contact us

    We can help!

    Listing Contact
    Troy Morgan, CCIM
    Troy Morgan, CCIM

    Listing agent Troy Morgan, CCIM License #700909

    Listing office Structure Commercial

    Listing date Nov 24, 2025

    Source Moodyscre

    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 Structure Commercial

    HighLights

    • Excellent mixed‑use development opportunity for retail, restaurant, medical, or office tenants.
    • Great visibility and frontage to Heritage Trace Pkwy.
    • Outdoor courtyard area ideal for medical or office buildings.
    • 2nd phase of established development (Phase 1 is 100% leased).
    • Close proximity to high traffic retailers and major employers.
    • Monument signage fronting Heritage Trace.

    Overview

    This mixed-use development offers retail, restaurant, medical, and office spaces. An outdoor courtyard area is available for medical and office buildings. This is the second phase of development, with the first phase being fully leased. The property benefits from visibility and frontage on Heritage Trace Parkway. It is located in close proximity to high-traffic retailers and major employers. Monument signage is available fronting Heritage Trace. The development is expected to be completed in 2023. The property size is 1481 square feet.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Similar Places Nearby

    • Family Pet Clinic of Grapevine — 303 W Northwest Hwy Suite A, Grapevine, TX 76051
    • Northwest Animal Hospital: Hill Melinda A DVM — 1027 William D Tate Ave, Grapevine, TX 76051
    • Dr. Jason Steinle — 1027 William D Tate Ave, Grapevine, TX 76051
    • Petco Vaccination Clinic — 1250 William D Tate Ave Ste 200, Grapevine, TX 76051
    • Northwest Animal Hospital — 1027 William D Tate Ave, Grapevine, TX 76051

    Map

    City
    Grapevine
    County
    Tarrant
    State
    Texas
    Longitude
    -97.0781
    Latitude
    32.9343

    Nearby Similar for Lease

    • $1,725/Mo

      Furnished Office Space in Grapevine

      Fully-furnished office space with amenities in Grapevine, Texas.
      1785 State Highway 26, Grapevine, TX 76051
      View Details
    • $675/Mo

      Furnished Office Space in Grapevine

      Fully-furnished office space with amenities in a convenient Grapevine location.
      1785 State Highway 26, Grapevine, TX 76051
      View Details
    • $3,450/Mo

      Furnished Office Space in Grapevine

      Fully-furnished office space with amenities in Grapevine, Texas.
      1785 State Highway 26, Grapevine, TX 76051
      View Details
    • $2,900/Mo

      Grapevine Showroom with Storage

      Freestanding building with showroom and storage in Grapevine, TX.
      326 E Northwest Highway, Grapevine, TX 76051
      View Details
    • $5,000/Mo

      Grapevine Industrial Building with Bays

      Metal building with bay doors, suitable for contractor or auto storage.
      701 E Dallas Road, Grapevine, TX 76051
      View Details
    • Sponsored
      $129-$4,066/Mo
      11-1,292 SF

      Vineyard Center II

      1452 Hughes Rd, Unit 200, Grapevine, TX 76051
      View Details
    • $2,000/Mo

      Office Space with Bills Paid

      Suburban office space for lease with all bills paid.
      1001 W Northwest Hwy Parkway, Grapevine, TX 76051
      View Details
    • $27 SF/Yr
      10,527 SF

      Grapevine Office/Medical Space Available

      Modern office and medical space with high visibility in Grapevine.
      4550 State Highway 360, Grapevine, TX 76051
      View Details
    • $24 SF/Yr
      2,482 SF

      Move-in Ready Medical Office Space

      Furnished medical office space ready for immediate operation.
      2321 Ira E Woods Avenue #Suite 120, Grapevine, TX 76051
      View Details
    • $22 SF/Yr
      8,000 SF

      Grapevine Office Building Near Airport

      Two-story office building near DFW Airport and Grapevine Mills.
      1920 Enchanted Way, Grapevine, TX, 76051
      View Details
    • Contact for pricing
      330,000 SF

      Grapevine Retail Spaces Available

      Multiple suites available for lease in Grapevine, Texas.
      1317 W STATE HWY 114, Grapevine, TX 76051
      View Details
    • $3,450/Mo
      3,000 SF

      Furnished Office Space Available

      Fully-furnished office space with shared amenities and flexible terms.
      1785 State Highway 26 #(C), Grapevine, TX 76051
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Retail, restaurant, medical, and office spaces available for lease.
    Where is this medical office space located?
    The property is located at 1901 Heritage Trace Pkwy Grapevine, TX.
    What are key features of this property?
    This property features: Excellent mixed‑use development opportunity for retail, restaurant, medical, or office tenants.; Great visibility and frontage to Heritage Trace Pkwy.; Outdoor courtyard area ideal for medical or office buildings.
    (817) 714-8395 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Troy Morgan, CCIM
    Troy Morgan, CCIM
    Real Estate License ID: 700909
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1901 Heritage Trace Pkwy, Grapevine, TX
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!