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    1010 Mustang Dr Grapevine, TX 76051

    For Sale
    $2,394,620

    7,043 SF Office, Newly Renovated, Great Location

    Property size:
    7,043 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 7,043-square-foot executive office building, located at 1010 Mustang Dr. in Grapevine, Texas, presents a compelling investment opportunity. Built in 2005, this Class B property sits on a 0.97-acre lot and offers ample parking with a 7.24 spaces per 1,000 square feet ratio. The building boasts newly renovated interiors and is currently configured as a multi-tenant space, but can be easily demised into three separate suites, providing flexibility for various business needs. The property features convenient covered parking and prominent monument signage, enhancing visibility and accessibility. Security is ensured with a lockable gate, providing peace of mind for tenants and their belongings. The asking price for this turnkey property is $2,394,620. Existing furniture is negotiable, adding further value to this attractive investment. Located in the desirable city of Grapevine, Tarrant County, Texas, zip code 76051, this property offers excellent access to major transportation routes and a thriving business community. This is a rare opportunity to acquire a well-maintained, versatile office building in a prime location.

    Property Features for 1010 Mustang Dr

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    7,043 SF
    Class
    B
    Lot Size
    42,253 SF

    Building Details

    Year Built
    2005
    Buildings
    1

    HighLights

    • Freshly renovated.
    • Covered parking available.
    • Furniture included, terms negotiable.
    • Subdividable into three separate suites.
    • Monument signage opportunity.
    • Secure building with gated access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pearson Air Corporate Office

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Grapevine
    County
    Tarrant
    State
    Texas
    Longitude
    -97.0840794
    Latitude
    32.9186579

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    FAQs

    What type of property is this?
    Office Property / Space - 7,043 SF Office, Newly Renovated, Great Location
    Where is this office property / space located?
    The property is located at 1010 Mustang Dr Grapevine, TX.
    What is the asking price?
    The asking price for this property is $2,394,620.
    What are key features of this property?
    This property features: Freshly renovated.; Covered parking available.; Furniture included, terms negotiable.
    (817) 872-3909
    Request Owner's contact information
    1010 Mustang Dr Grapevine, TX 76051
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    Realmo Value Estimation

    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.

    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.

    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
    1010 Mustang Dr Grapevine, TX 76051
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