Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4215 Lakeside Pkwy Grapevine, TX 76051
    Back to Search
    Property profile & analytics

    4215 Lakeside Pkwy Grapevine, TX 76051

    View on Map
    • Commercial real estate
    • 2.70 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 4215 Lakeside Pkwy

    Lot size
    2.70 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 2.7-acre land parcel presents a compelling development opportunity in the thriving Grapevine, Texas market. Strategically located off Lakeside Parkway, this property enjoys proximity to the bustling Lakeside Business District, placing it within a vibrant commercial hub. While currently landlocked, the attractive below-market price point makes this a highly attractive investment for developers willing to negotiate an access easement with neighboring properties. The site's advantageous location offers unparalleled convenience, situated just five minutes from Dallas/Fort Worth International Airport (DFW), ensuring seamless connectivity for businesses and employees. The surrounding area boasts a strong concentration of established corporate neighbors, including major players such as Stryker Communications, Best Buy Distribution, Ivie & Associates, HD Supply, Mohawk, FUNimation, ThermoTek, Signature Systems Group, Mercedes Benz, and the global headquarters of BNSF Logistics. Over 100 businesses and distribution facilities operate within minutes, underscoring the area's robust economic activity and potential for significant returns on investment. This property offers developers a unique chance to capitalize on a prime location within a thriving commercial ecosystem, presenting a rare opportunity for significant growth and development. The land's size and strategic positioning make it ideal for a variety of commercial projects, promising substantial returns for the discerning investor.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Grapevine
    County
    Dallas
    State
    Texas
    Longitude
    -97.0294
    Latitude
    32.9837

    Comparable in this City

    • Value Estimation by Request
      0.51 Acres

      506 Northwest Hwy

      Retail properties & Spaces • 0.51 Acres
      506 Northwest Hwy, Grapevine, TX 76051
      View Details
    • Value Estimation by Request
      10.04 Acres

      2800 Western Oaks Dr

      COMMERCIAL (GENERAL) • 10.04 Acres
      2800 Western Oaks Dr, Grapevine, TX 76051
      View Details
    • Value Estimation
      $525,000
      17,778 SF

      1300 Wnw Hwy

      COMMERCIAL (GENERAL) • 17,778 SF
      1300 Wnw Hwy, Grapevine, TX 76051-3153
      View Details
    • Value Estimation by Request
      510 SF

      104 Jenkins St

      COMMERCIAL (GENERAL) • 510 SF
      104 Jenkins St, Grapevine, TX 76051-5369
      View Details
    • Value Estimation by Request
      15,605 SF

      2200 Pool Rd

      Retail properties & Spaces • 15,605 SF
      2200 Pool Rd, Grapevine, TX 76051
      View Details
    • Value Estimation by Request
      0.05 Acres

      301 Hudgins St

      COMMERCIAL (GENERAL) • 0.05 Acres
      301 Hudgins St, Grapevine, TX 76051-5226
      View Details

    Similar Nearby for Sale

    • $1,500,000
      1.58 Acres

      Grapevine Land: Prime Development Site

      1.58 Acres, Lakeside Business District, DFW Access
      Tbd Lakeside Dr, Grapevine, TX 76051
      View Details
    • $5,240,000
      7,330 SF

      Grapevine Restaurant - NNN Lease

      High-Income Area, Long-Term Lease, Strong NOI
      1295 Main St, Grapevine, TX 76051
      View Details
    • Contact for pricing

      Land for Sale

      Land available for purchase in Grapevine, Texas.
      2601 Heritage Ave, Grapevine, TX 76051
      View Details
    • Contact for pricing

      Vineyard and Event Venue

      Operating vineyard and event venue with high visibility frontage.
      2000 Champagne Blvd, Grapevine, TX 76051
      View Details
    • Contact for pricing

      Prime Commercial Land Available

      Land available near Grapevine Mills Mall and Highway 121.
      2750 Grapevine Mills Pkwy, Grapevine, TX 76051
      View Details
    • $580,000
      0.23 Acres

      Grapevine Buildable Lot Opportunity

      Buildable lot near Historic Main Street in Grapevine, Texas.
      711 E Wall St, Grapevine, TX 76051
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Neighborhood Center Near DFW Airport

      Conveniently located neighborhood center with adaptable spaces and ample parking.
      1601 W Northwest Hwy, Grapevine, TX 76051
      View Details
    • Contact for pricing

      Retail Pad Site in Grapevine

      Infill pad site with high visibility and commuter traffic.
      506 E Northwest Hwy, Grapevine, TX 76051
      View Details
    • Contact for pricing

      Retail Space Available

      Retail space for rent in Grapevine, Texas.
      444 E Dallas Rd, Grapevine, TX 76051
      View Details
    • Contact for pricing

      Former Medical Office Space Available

      Turnkey medical office space in Grapevine, near Hwy 114.
      2011 W Northwest Hwy, Grapevine, TX 76051
      View Details
    • Contact for pricing

      High Traffic Retail and Office

      Retail and office spaces in high-traffic Grapevine location.
      Northwest Hwy, Grapevine, TX 76051
      View Details
    • Contact for pricing

      Move-in Ready Grapevine Office Suite

      Professional office suite in Grapevine, ready for immediate occupancy.
      130 Central Ave, Grapevine, TX 76051
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4215 Lakeside Pkwy
    Grapevine, TX 76051
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4215 Lakeside Pkwy, Grapevine, TX, 76051
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!