Two-Room Office
For Sale
Contact for pricing
2020 W Northwest Highway #110, Grapevine, TX 76051
Compact office space with a separate storage room and access to shared building amenities.
Property Size372 SF
Price / SF$2.28
Days on Market11
Property Features for 2020 W Northwest Highway #110
General Information
Standard status
Active
Size
372 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Property Use
Executive Office
Amenities
shared hallways
restrooms
vending machines
outdoor patio
Building Details
Year Built
1979
Listing Agency:
Magnorum Realty Services, LLC
Listed By:
James McDonald
(817) 487-7728
Source:
Magnorumrealty
Added: Oct 20
Changed: Oct 28
Last Checked: Oct 28 at 4:08PM
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 Magnorum Realty Services, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office suite offers 372 square feet arranged as two separate rooms, with an additional storage room. The building, constructed in 1979, also provides shared hallways and restrooms, vending machines, and an outdoor patio.
The property is at 2020 W Northwest Highway in Grapevine, with frontage along the highway’s high-traffic frontage road.
The property is at 2020 W Northwest Highway in Grapevine, with frontage along the highway’s high-traffic frontage road.
Key Highlights
- 372 square feet configured as two separate rooms
- Separate storage room within the office suite
- Shared hallways and restrooms, vending machines, and an outdoor patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,428
Suggested Prices Based on Cap Rates
Cap Rate 5%
$128,560
$128.6K
Cap Rate 7%
$91,829
$91.8K
Cap Rate 9%
$71,422
$71.4K
Market Conditions
NOI Build-Up for 372 SF
Gross rent
$11.4K $30.72/SF
− Vacancy
−$2.9K −$7.68/SF
EGI
$8.6K $23.04/SF
− OpEx
−$2.1K −$5.76/SF
NOI
$6.4K $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%
$128,560
Cap Rate 7%
$91,829
Cap Rate 9%
$71,422
Alternative Uses
Best Use
Office B
$91.8K
$80.4K – $107.1K
NOI $6,428 @ 7.0% cap · market cap 756.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$130.9K
$114.5K – $152.7K
NOI $9,160 @ 7.0% cap · market cap 1,077.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,600
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
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Compact office space with a separate storage room and access to shared building amenities.
Where is this office unit located?
The property is located at 2020 W Northwest Highway #110 Grapevine, TX.
What are key features of this property?
This property features: 372 square feet configured as two separate rooms; Separate storage room within the office suite; Shared hallways and restrooms, vending machines, and an outdoor patio
