Freestanding Restaurant Building For
For Sale
Contact for pricing
2505 Grapevine Mills Cir E, Grapevine, TX 76051
14,713-SF second-generation restaurant available for sale or lease.
Property Size14,713 SF
Price / SF$271.87
Days on Market1074
Property Features for 2505 Grapevine Mills Cir E
General Information
Standard status
Active
Size
14,713 SF
Class
A
Property subtype
Retail
Zoning
Restaurant
Lease Type
NNN
Building Details
Year Renovated
2021
Buildings
1
Stories
1
Listing Agency:
Waypoint Real Estate Development & Advisors
(817) 991-5072
Listed By:
Derek Anthony · License #TX 677154
Source:
Crexi
Added: Sep 15, 2023
Changed: Aug 23
Last Checked: Aug 23 at 3:23AM
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 Waypoint Real Estate Development & Advisors
Investment Insights
Based on property information with market context.
A 14,713-SF freestanding second-generation restaurant is available for sale or lease. The property is suitable for conventional restaurant use.
Key Highlights
- 14,713‑SF Freestanding Building
- 2nd‑Generation Restaurant
- Available for Sale
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$222,858
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,457,160
$4.5M
Cap Rate 7%
$3,183,686
$3.2M
Cap Rate 9%
$2,476,200
$2.5M
Market Conditions
NOI Build-Up for 14,713 SF
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.
Gross rent
$317.8K $21.60/SF
− Vacancy
−$20.7K −$1.40/SF
EGI
$297.1K $20.20/SF
− OpEx
−$74.3K −$5.05/SF
NOI
$222.9K $15.15/SF
Area
Tarrant County, TX
Vacancy
6.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,457,160
Cap Rate 7%
$3,183,686
Cap Rate 9%
$2,476,200
Alternative Uses
Best Use
Specialty Retail
$3.18M
$2.79M – $3.71M
NOI $222,858 @ 7.0% cap · market cap 5.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.18M
$4.53M – $6.04M
NOI $362,293 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
805
Businesses Nearby
97k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Leisure 65%
Dining 33%
Shops & Services 1%
Home Improvements & Furnishings 1%
AMC Grapevine Mills 24
Leisure
62,409 visits/mo
0.4 miles
Cracker Barrel Old Country Store
Dining
26,253 visits/mo
0.3 miles
Fuzzy's Taco Shop
Dining
6,088 visits/mo
0.4 miles
FedEx Office Print & Ship Center
Shops & Services
1,398 visits/mo
0.4 miles
Mattress Firm
Home Improvements & Furnishings
547 visits/mo
0.4 miles
Demographics for 76051, TX
49,969
Population
22,529
Households
2.2
Avg Household Size
39
Median Age
57%
College-Educated
95%
High-School Grad
22.3 sq mi
ZIP Area
2,241
Density / Sq Mi
$111,193
Median Household Income
$61,522
Median Earnings
$1,806
Median Rent
$467,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Dimassi's Mediterranean Buffet — 2001 State Hwy 121, Grapevine, TX 76051
Frequently Asked Questions
What type of property is this?
Conventional restaurant - 14,713-SF second-generation restaurant available for sale or lease.
Where is this conventional restaurant located?
The property is located at 2505 Grapevine Mills Cir E Grapevine, TX.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 14,713‑SF Freestanding Building; 2nd‑Generation Restaurant; Available for Sale
