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    Property profile & analytics

    1601 Lancaster Dr Grapevine, TX 76051

    • Medical offices
    • 22,745 SF
    • 1.79 lot acres
    For Lease
    View listing
    $20 SF/Yr
    Value Estimation
    Location Intelligence
    Property ID
    US82-1231669
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Graves Nathan L MD / Urologist / Doctor
    • Bostwick Patient Services Center / Medical Laboratory
    • Francis J. Pospisil, PAC / Urologist / Physician Assistant
    • Tatiana Daniel, NP / Doctor
    • North DFW Urology / Urology Clinic / Family Practice Physician

    Property Details for 1601 Lancaster Dr

    Year built
    2000
    Lot size
    1.79 lot acres
    Property size
    22,745 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    7460-3-1R
    APU
    746031R

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Grapevine
    County
    Tarrant
    State
    Texas
    Longitude
    -97.091
    Latitude
    32.9349
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $56,587
    $487,194
    $2,152,006
    $2,639,200
    -
    $487,194
    $2,152,006
    $2,639,200

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      12,525 SF

      1615 Lancaster Dr

      MEDICAL BUILDING • 12,525 SF
      1615 Lancaster Dr, Grapevine, TX 76051-2111
      View Details

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    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
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