2321 E Ira Woods Ave, Grapevine, TX
100% occupied medical office building with long-term tenants.
- Added:
- May 2, 2025
- Days on Market:
- 415
- Last Refresh:
- May 19 at 9:15 pm
Property Features for 2321 E Ira Woods Ave
General Information
- Standard status
- Active
- Size
- 11,031 SF
- Lot size
- 1.20 Acres
- Property subtype
- OFFICE
Listing agent Andrew Robeson License #793517
Listing office STRIVE (469) 844-8880
Listing date May 2, 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 STRIVE
HighLights
- 100% Occupied Four Tenant Medical Office
- Existing tenants on NNN leases with staggered lease turnover for long term income stability
- Recent 5 year lease renewal with Grapevine Family Dentistry
- Complimentary mix of medical tenants, synergistic mix of medical tenants in surrounding properties, minutes from Baylor Scott & White – Grapevine Campus
- Fronting major thoroughfare – Ira E Woods Ave, visible to over 35,000 vehicles per day with multiple points of ingress & egress
- Phenomenal demographics, average household income is over $150,000 in a 3 mile radius – more than 2x the national average
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $338.9k | $30.72 |
| − Vacancy | −$84.7k | −$7.68 |
| EGI | $254.2k | $23.04 |
| − OpEx | −$63.5k | −$5.76 |
| NOI | $190.6k | $17.28 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- 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
- Dallas Veterinary Surgical Center - Grapevine — 2700 W State Hwy 114, 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
