Grapevine Office Building For
1010 Mustang Dr. Grapevine, TX 76051
For Sale
Contact for pricing
7,043 SqFt office building available in Grapevine, Texas.
Property Size7,043 SF
Price / SF$326.57
Days on Market640
Property Features for 1010 Mustang Dr.
General Information
- Standard status
- Active
- Size
- 7,043 SF
- Property subtype
- Office
Building Details
- Year Built
- 2005
Listing Agency:
NAI Robert Lynn Fort Worth
(817) 872-3909
Listed By:
Michael Newsome · License #TX 579869
Source:
Crexi
Added: Oct 23, 2024
Changed: Jul 6
Last Checked: Jul 22 at 11:54AM
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 NAI Robert Lynn Fort Worth
Investment Insights
Based on property information with market context.
This 7,043 square foot office building is available for sale. The property is located in Grapevine, Texas.
Key Highlights
- Office Property
- 7,043 SqFt of space
- Built in 2005
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 | $216.4k | $30.72 |
| − Vacancy | −$54.1k | −$7.68 |
| EGI | $162.3k | $23.04 |
| − OpEx | −$40.6k | −$5.76 |
| NOI | $121.7k | $17.28 |
7,043 SF · lease $30.72/SF/yr · vacancy 25.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.74M
$1.52M – $2.03M
NOI $121,703 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.48M
$2.17M – $2.89M
NOI $173,427 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Pearson Air
Corporate Office
FAQs
What type of property is this?
Office building - 7,043 SqFt office building available in Grapevine, Texas.
Where is this office building located?
The property is located at 1010 Mustang Dr. Grapevine, TX.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Office Property; 7,043 SqFt of space; Built in 2005
