Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4821 Merlot Ave Grapevine, TX 76051

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    3,404 SF Office, Prime Location

    Lot size:
    6,808 SF

    Property Features for 4821 Merlot Ave

    General Information

    Property type
    Office properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,808 SF
    Class
    B
    Total Rate
    10212

    Building Details

    Year Built
    2004
    Buildings
    1
    Stories
    1

    Spaces For Lease

    at 4821 Merlot Ave, Grapevine, TX 76051 Contact us
    Unit Suite 210

    $20 /Mo

    Size
    3,404 SF
    Contact us

    We can help!

    Listing Contact
    Jim Kelley
    Jim Kelley

    Listing Agency: Champions DFW Commercial Realt Listing Agent: Jim Kelley

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This single-story, 6,808 square foot Class B office building, constructed in 2004, is located at 4821 Merlot Ave in Grapevine, Texas, within Tarrant County (zip code 76051). The property features one suite totaling 3,404 square feet currently available for lease. The building is a traditional office space, ideal for a variety of businesses. Its convenient location offers excellent access to the DFW Metroplex and is a short commute from DFW International Airport. The property's proximity to two major shopping centers, Glade Parks and Shops at Vineyard Village, provides employees with easy access to numerous restaurants and retail options. The building itself sits on a single story and comprises a total of 6,808 square feet. This presents a unique opportunity for a business seeking a well-located, readily available office space in a thriving area. The property is situated at 32.8862067 latitude and -97.0958618 longitude.
    Property Profile Location Intelligence

    Current Use by Public Records

    Roxann Jones Physician North Texas Children's ... Medical Clinic Happy Healthy THIN ... Weight Loss Service kyo Medical Clinic Kyo Autism Therapy Crisis Center

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grapevine
    County
    Tarrant
    State
    Texas
    Longitude
    -97.0958618
    Latitude
    32.8862067

    Nearby Similar for Lease

    • $2,000 /Mo
      21,780 SF

      Spacious Office Near Downtown Grapevine

      Two-room office space near downtown Grapevine, perfect for growing business.
      1000 S Main St, Grapevine, TX 76051
      View Details
    • $2,000 /Mo
      13,068 SF

      Office Space with Bills Paid

      Suburban office space for lease with all bills paid.
      1001 Northwest Hwy Pkwy, Grapevine, TX 76051
      View Details
    • $5,000 /Mo
      20,735 SF

      Grapevine Industrial Building with Bays

      Metal building with bay doors, suitable for contractor or auto storage.
      701 E Dallas Rd, Grapevine, TX 76051
      View Details
    • $3,450 /Mo
      130,549 SF

      Furnished Office Space in Grapevine

      Fully-furnished office space with amenities in Grapevine, Texas.
      1785 State Highway 26, Grapevine, TX 76051
      View Details
    • $1,725 /Mo
      130,549 SF

      Furnished Office Space in Grapevine

      Fully-furnished office space with amenities in Grapevine, Texas.
      1785 State Highway 26, Grapevine, TX 76051
      View Details
    • $675 /Mo
      130,549 SF

      Furnished Office Space in Grapevine

      Fully-furnished office space with amenities in a convenient Grapevine location.
      1785 State Highway 26, Grapevine, TX 76051
      View Details
    • Sponsored
      Contact for pricing

      Vineyard Center II

      Flexible workspace in West Loop 200 S. Wacker
      1452 Hughes Rd, Grapevine, TX 76051
      View Details
    • $27 SF/Yr
      10,527 SF

      Grapevine Office/Medical Space Available

      Modern office and medical space with high visibility in Grapevine.
      4550 State Highway 360, Grapevine, TX 76051
      View Details
    • $1,629 /Mo
      811 SF

      Downtown Grapevine Office Space

      Office space in downtown Grapevine, near highways and airport.
      1340 S Main St, Grapevine, TX 76051
      View Details
    • $25 SF/Yr
      4,500 SF

      Professional Office Space Available

      Class A office space for lease on SH-114.
      500 W State Highway 114, Grapevine, TX 76051
      View Details
    • Contact for pricing
      62,139 SF

      Grocery Anchored Shopping Center Space

      Retail space in Grapevine, TX, near Highway 121.
      4000-4010 William D Tate Ave, Grapevine, TX 76051
      View Details
    • Contact for pricing
      23,000 SF

      Grapevine Parkway Office Space Available

      Office space for rent with dock level loading.
      2550 SW Grapevine Pkwy, Grapevine, TX 76051
      View Details

    FAQs

    What type of property is this?
    Office property - 3,404 SF Office, Prime Location
    Where is this office property located?
    The property is located at 4821 Merlot Ave Grapevine, TX.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: 3,404 SF of move-in ready professional office space.; Building signage included.; Excellent location near shopping, dining, and Chicken-N-Pickle; walkable access.
    (817) 488-4333 Call to check price and availability
    Request Owner's contact information
    4821 Merlot Ave Grapevine, TX 76051
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4821 Merlot Ave
    Grapevine, TX 76051
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4821 Merlot Ave Grapevine, TX 76051
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jim Kelley
    Jim Kelley
    Real Estate License ID: 0545842
    (817) 488-4333 (817) 909-7875
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!