Updated Office
2563 SW Grapevine Pkwy, Grapevine, TX 76051
For Sale
New
Contact for pricing
A brick exterior and refreshed interior give this office property a defined, professional presentation.
Property Size7,300 SF
Price / SF$356.16
Days on Market3
Property Features for 2563 SW Grapevine Pkwy
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Amenities
common area wooden pergola
Building Details
Construction
Listing Agency:
SVN | Trinity Advisors
(817) 288-5525
Listed By:
Matt Matthews
(972) 765-0886
Source:
Moodyscre
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:48PM
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 SVN | Trinity Advisors
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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 7,300-square-foot office building features a brick exterior and an updated interior. A wooden pergola in the common area adds a shared outdoor feature to the property.
The building is in Grapevine, within the DFW Area, and is described as minutes from DFW Airport and major highways.
The building is in Grapevine, within the DFW Area, and is described as minutes from DFW Airport and major highways.
Key Highlights
- 7,300‑square‑foot office building
- Brick exterior with updated interior
- Wooden pergola in the common area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$126,144
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,522,880
$2.5M
Cap Rate 7%
$1,802,057
$1.8M
Cap Rate 9%
$1,401,600
$1.4M
Market Conditions
NOI Build-Up for 7,300 SF
Gross rent
$224.3K $30.72/SF
− Vacancy
−$56.1K −$7.68/SF
EGI
$168.2K $23.04/SF
− OpEx
−$42.0K −$5.76/SF
NOI
$126.1K $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%
$2,522,880
Cap Rate 7%
$1,802,057
Cap Rate 9%
$1,401,600
Alternative Uses
Best Use
Office B
$1.80M
$1.58M – $2.10M
NOI $126,144 @ 7.0% cap · market cap 4.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.57M
$2.25M – $3.00M
NOI $179,755 @ 7.0% cap · market cap 6.91%
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
Location Intelligence
Trade Area within ½ mile
409
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
Properties on Market for Office buildings in Tarrant County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A brick exterior and refreshed interior give this office property a defined, professional presentation.
Where is this office building located?
The property is located at 2563 SW Grapevine Pkwy Grapevine, TX.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 7,300‑square‑foot office building; Brick exterior with updated interior; Wooden pergola in the common area
