Technical
Financial
Distress signals
Property profile

1010 Mustang Dr Grapevine, TX 76051

FOR SALE
Office buildings
Property ID
US83-2817579
7,043 SF 0.97 ac lot Built 2004
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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 profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2004
Total area 7,043 SF
Lot 0.97 ac (42,393 SF)
APN 25836-6-15
UPID US83-2817579

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Corporate Office

Location

1010 Mustang Dr Grapevine, TX 76051
Grapevine metro Census 113713 DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$575k

Owner & transaction history

since 2020
5 recorded transactions
2024
Price N/A
2020
Price N/A
2020
Price N/A
2008
Price N/A
2004
Price N/A

Zoning & alternative use

Top alternative use upside
Retail stores $605,000 +19.9%
Commercial (general) $600,000 +18.5%
Restaurant $565,000 +12.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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