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    500 Grapevine Hwy Hurst, TX 76054

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    For Lease
    Contact for pricing

    Hurst, TX Office Space Available

    Lot size:
    84,542 SF

    Property Features for 500 Grapevine Hwy

    General Information

    Property type
    Office Units
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    84,542 SF
    Total Rate
    133858.17

    Building Details

    Year Built
    1983
    Stories
    4

    Spaces For Lease

    at 500 Grapevine Hwy, Hurst, TX 76054 Contact us
    Unit Suite 109

    $19 /Mo

    Size
    4,807 SF
    Contact us
    Unit Suite 224

    $19 /Mo

    Size
    5,080 SF
    Contact us
    Unit Suite 200

    $19 /Mo

    Size
    1,163 SF
    Contact us

    We can help!

    Listing Contact
    Grant Gomez
    Grant Gomez

    Listing Agency: TXRE Properties LLC Listing Agent: Grant Gomez

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

    Learn more

    Property Insight Report

    Overview

    The Bank of Texas Center, a prominent four-story multi-tenant office building in Hurst, Texas, offers exceptional office space directly off Grapevine Highway (Highway 26). This 84,542 square foot building boasts high visibility and notoriety along the highway, providing excellent access and brand recognition. The location offers a wealth of nearby dining and lodging options, including two Chick-fil-A restaurants within a quarter-mile radius. The property features ample on-site parking with 35 spaces, and benefits from dedicated on-site management and engineering teams ensuring smooth operations. Recent upgrades include a state-of-the-art direct digital control HVAC system, providing tenants with precise temperature control (six degrees of variance). The building is currently multi-tenant, with spaces ranging from 1,163 to 5,080 square feet available, with a minimum divisible space of 2,456 square feet and a maximum contiguous space of 2,961 square feet. The building has a total of two suites and currently has 5,417 square feet of vacant space. Built in 1983, this four-story building offers a typical floor size of 21,671 square feet. Located in the HEB submarket of Tarrant County, this property presents a unique opportunity for businesses seeking a well-maintained, conveniently located office space with modern amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Plumbing Hurst TX Plumbing Service Water Heater Hurst ... HVAC Service Power Plant Management ... Power Plant Consultant Pat White - State ... Insurance Agency Goosehead Insurance - Will ... Insurance Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Hurst
    County
    Tarrant
    State
    Texas
    Longitude
    -97.178563
    Latitude
    32.8625554

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    FAQs

    What type of property is this?
    Office units - Hurst, TX Office Space Available
    Where is this office units located?
    The property is located at 500 Grapevine Hwy Hurst, TX.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: Prominent four-story, multi-tenant office building in Hurst, TX, directly off Highway 26.; High visibility and abundant nearby dining and lodging options.; Ample on-site parking with on-site management and engineering.
    (214) 734-4725 Call to check price and availability
    Request Owner's contact information
    500 Grapevine Hwy Hurst, TX 76054
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    Hurst, TX 76054
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    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
    500 Grapevine Hwy Hurst, TX 76054
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Grant Gomez
    Grant Gomez
    Real Estate License ID: 581997
    (214) 734-4725 (214) 630-2653
    Learn more
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