Office Suite with Outdoor
For Sale
Contact for pricing
2020 W Northwest Highway #116, Grapevine, TX 76051
A reception area, three private offices, and a kitchenette-equipped community room support a range of office configurations.
Property Size2,238 SF
Price / SF$1.61
Days on Market10
Property Features for 2020 W Northwest Highway #116
General Information
Standard status
Active
Size
2,238 SF
Property subtype
Office
Additional Details
Road Access
Yes
Property Use
Office
Amenities
fireplace
community room with kitchenette
outdoor patio
reception area
shared hallways
restrooms
vending machines
Building Details
Year Built
1979
Listing Agency:
BHHS Premier Properties
(817) 806-4100
Listed By:
Casey Turner · License #0702050
(940) 230-4921
Source:
Ember-realty
Added: Oct 21
Changed: Oct 29
Last Checked: Oct 28 at 5:25AM
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 BHHS Premier Properties
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,238-square-foot office suite includes a reception area, three separate offices, and a community room with a kitchenette. Two offices have fireplaces, and the suite also features an outdoor patio. Shared hallways, restrooms, and vending machines serve the property.
The suite is at 2020 W Northwest Highway in Grapevine, with frontage on the highway. The building was constructed in 1979.
The suite is at 2020 W Northwest Highway in Grapevine, with frontage on the highway. The building was constructed in 1979.
Key Highlights
- 2,238‑square‑foot office suite
- Three separate offices, including two with fireplaces
- Community room with kitchenette and reception area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,673
Suggested Prices Based on Cap Rates
Cap Rate 5%
$773,460
$773.5K
Cap Rate 7%
$552,471
$552.5K
Cap Rate 9%
$429,700
$429.7K
Market Conditions
NOI Build-Up for 2,238 SF
Gross rent
$68.8K $30.72/SF
− Vacancy
−$17.2K −$7.68/SF
EGI
$51.6K $23.04/SF
− OpEx
−$12.9K −$5.76/SF
NOI
$38.7K $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%
$773,460
Cap Rate 7%
$552,471
Cap Rate 9%
$429,700
Alternative Uses
Best Use
Office B
$552.5K
$483.4K – $644.6K
NOI $38,673 @ 7.0% cap · market cap 1,074.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$787.3K
$688.9K – $918.5K
NOI $55,109 @ 7.0% cap · market cap 1,530.81%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A reception area, three private offices, and a kitchenette-equipped community room support a range of office configurations.
Where is this office unit located?
The property is located at 2020 W Northwest Highway #116 Grapevine, TX.
What are key features of this property?
This property features: 2,238‑square‑foot office suite; Three separate offices, including two with fireplaces; Community room with kitchenette and reception area
