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    1601 Lancaster Dr Grapevine, TX 76051

    Sponsored
    For Lease
    $20 SF/Yr

    Prime Grapevine Office Space, Multiple Tenants

    Lot size:
    21,405 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional two-story, Class B office building, located at 1601 Lancaster Drive in Grapevine, Texas (Tarrant County), presents a compelling investment opportunity. Built in 2001, the property boasts a total of 21,405 square feet, currently featuring multiple tenants. A significant portion of the building is available, with 2,163 square feet of vacant space ready for immediate occupancy. The property's convenient location at the intersection of Lancaster Drive and West College Street offers easy access to Highway 114 and is just minutes from the Dallas/Fort Worth International Airport. The building's proximity to the Grapevine Town Center provides tenants with convenient access to a wide array of retail and dining options. The property features ample parking, catering to the needs of both tenants and visitors. This well-maintained building offers flexible floor plans, making it suitable for a variety of businesses. The property's address is 1601 Lancaster Dr, Grapevine, TX 76051. The building's two stories provide a functional and efficient layout. This is an excellent opportunity to acquire a well-situated office building in a thriving Texas market. The property is zoned for traditional office use.

    Property Features for 1601 Lancaster Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    21,405 SF
    Class
    B
    Total Rate
    35675

    Building Details

    Year Built
    2001
    Buildings
    2000
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 100
    Size
    2,163 SF
    Rate per SF
    $22

    HighLights

    • ±2,163 SF of move‑in ready medical office space.
    • 2nd‑generation space available.
    • Building signage opportunities.
    • Abundant parking with covered parking access.
    • Convenient location near Grapevine Scott & White Baylor Hospital and Hwy 114, minutes from DFW Airport.
    Property Profile Location Intelligence

    Current Use by Public Records

    Graves Nathan L ... Urologist Bostwick Patient Services ... Medical Laboratory Francis J. Pospisil, ... Urologist Tatiana Daniel, NP Doctor North DFW Urology Urology Clinic

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Daycare Center Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Grapevine
    County
    Tarrant
    State
    Texas
    Longitude
    -97.09112
    Latitude
    32.9348917

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Grapevine Office Space, Multiple Tenants
    Where is this office property / space located?
    The property is located at 1601 Lancaster Dr Grapevine, TX.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: ±2,163 SF of move-in ready medical office space.; 2nd-generation space available.; Building signage opportunities.
    Request Owner's contact information
    1601 Lancaster 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
    1601 Lancaster Dr Grapevine, TX 76051
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