Multi-Tenant Office
For Sale
Contact for pricing
2301 Mustang Dr, Grapevine, TX 76051
Five-building office property with full occupancy and NNN leases serving professional and medical tenants.
Property Size21,414 SF
Price / SF$259.37
Days on Market184
Property Features for 2301 Mustang Dr
General Information
Standard status
Active
Size
21,414 SF
Property subtype
Office
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$388,795
Additional Details
Highway Access
Yes
Building Details
Year Built
2007
Year Renovated
2007
Buildings
5
Tenancy
Multi
Listing Agency:
Bang Realty
Listed By:
Brian Brockman · License #701472
(888) 737-2264
Source:
Crexi
Added: Apr 15
Changed: Oct 13
Last Checked: Oct 14 at 9:31PM
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 Bang Realty
Investment Insights
Based on property information with market context.
Mustang Business Park is an office property comprising five buildings constructed in 2007, with a combined 21,414 square feet. The buildings are fully leased and accommodate a mix of professional and medical tenants under a NNN lease structure. Lease expirations are staggered across the tenant roster, supporting a varied rollover schedule.
The property is located at 2301 Mustang Dr in Grapevine, within the Mid-Cities corridor between Dallas and Fort Worth. Regional access includes Highways 121, 114, and 183, with DFW International Airport also identified as a nearby transportation connection. The surrounding area includes ongoing residential and commercial development.
The property is located at 2301 Mustang Dr in Grapevine, within the Mid-Cities corridor between Dallas and Fort Worth. Regional access includes Highways 121, 114, and 183, with DFW International Airport also identified as a nearby transportation connection. The surrounding area includes ongoing residential and commercial development.
Key Highlights
- Five office buildings totaling 21,414 square feet
- 100% leased with professional and medical tenants
- NNN lease structure with staggered lease expirations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$370,034
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,400,680
$7.4M
Cap Rate 7%
$5,286,200
$5.3M
Cap Rate 9%
$4,111,489
$4.1M
Market Conditions
NOI Build-Up for 21,414 SF
Gross rent
$657.8K $30.72/SF
− Vacancy
−$164.5K −$7.68/SF
EGI
$493.4K $23.04/SF
− OpEx
−$123.3K −$5.76/SF
NOI
$370.0K $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%
$7,400,680
Cap Rate 7%
$5,286,200
Cap Rate 9%
$4,111,489
Alternative Uses
Best Use
Office B
$5.29M
$4.63M – $6.17M
NOI $370,034 @ 7.0% cap · market cap 6.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.53M
$6.59M – $8.79M
NOI $527,298 @ 7.0% cap · market cap 9.49%
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
Location Intelligence
Trade Area within ½ mile
389
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
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Five-building office property with full occupancy and NNN leases serving professional and medical tenants.
Where is this office building located?
The property is located at 2301 Mustang Dr Grapevine, TX.
What is the asking price?
The asking price for this property is $5,554,200.
What are key features of this property?
This property features: Five office buildings totaling 21,414 square feet; 100% leased with professional and medical tenants; NNN lease structure with staggered lease expirations
