Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    1231 William D Tate Ave Grapevine, TX 76051-4031

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1231 William D Tate Ave Grapevine, TX 76051-4031

    View on Map
    • Strip malls
    • 8,682 SF
    • 1.56 lot acres
    Off-Market
    Last Sale Aug 22, 2023
    Property ID
    US82-3308706
    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.
    Value Estimations
    $560,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Gunnala Parkisha DDS / Dental Office
    • Smoothie King / Specialty Food Shop / (Bike/Boat/Book/etc) Store
    • Intoxalock Ignition Interlock / Building Supply / General Contractor
    • Lennys Grill & Subs / Take-out & Catering
    • Tint World / Auto Repair Shop

    Property Details for 1231 William D Tate Ave

    Year built
    2006
    Lot size
    1.56 lot acres
    Property size
    8,682 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    41407Q-1-1
    APU
    41407Q11

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $605,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $509,000
      Market price range: $159k - $509k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $360,000
      Current use
      RETAIL STORES
      $750,000
      Change: +108% Conversion: Easy
      COMMERCIAL (GENERAL)
      $740,000
      Change: +106% Conversion: Easy
      RESTAURANT
      $700,000
      Change: +94% Conversion: Difficult
      MEDICAL BUILDING
      $635,000
      Change: +77% Conversion: Difficult
      OFFICE BUILDING
      $625,000
      Change: +73% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $395,000
      Change: +10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Grapevine
    County
    Tarrant
    State
    Texas
    Longitude
    -97.0848
    Latitude
    32.9283
    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
    $35,205
    $679,360
    $2,121,794
    $2,801,154
    -
    $679,360
    $2,121,794
    $2,801,154

    Comparable in this City

    • Value Estimation
      $605,000
      14,488 SF

      1270 William D Tate Ave

      SHOPPING CENTER, STRIP CENTER • 14,488 SF
      1270 William D Tate Ave, Grapevine, TX 76051-4098
      View Details
    • Value Estimation
      $675,000
      26,497 SF

      201 Dooley St

      SHOPPING CENTER, STRIP CENTER • 26,497 SF
      201 Dooley St, Grapevine, TX 76051-6247
      View Details
    • Value Estimation by Request
      8,335 SF

      1115 Wnw Hwy

      SHOPPING CENTER, STRIP CENTER • 8,335 SF
      1115 Wnw Hwy, Grapevine, TX 76051-5099
      View Details
    • Value Estimation by Request
      8,466 SF

      303 Wnw Hwy

      SHOPPING CENTER, STRIP CENTER • 8,466 SF
      303 Wnw Hwy, Grapevine, TX 76051-8221
      View Details
    • Value Estimation
      $550,000
      10,920 SF

      200 Wnw Hwy

      SHOPPING CENTER, STRIP CENTER • 10,920 SF
      200 Wnw Hwy, Grapevine, TX 76051-3250
      View Details
    • Value Estimation by Request
      0.33 Acres

      219 Dooley St

      SHOPPING CENTER, STRIP CENTER • 0.33 Acres
      219 Dooley St, Grapevine, TX 76051-6247
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      26,283 SF

      Retail Property Near Grapevine Mills

      Retail property with high visibility and ample parking.
      2705 E Grapevine Mills Cir, Grapevine, TX 76051
      View Details
    • Contact for pricing
      62,139 SF

      Grocery Anchored Shopping Center Space

      Retail space in Grapevine, TX, near Highway 121.
      4000-4010 William D Tate Ave, Grapevine, TX 76051
      View Details
    • $4,800,000
      26,650 SF

      Grapevine Retail/Office Investment Opportunity

      Service-oriented retail/office property in Grapevine, Texas, for investors or owner-users.
      204 N Dooley St, Grapevine, TX 76051
      View Details
    • Contact for pricing
      7,330 SF

      Grapevine Retail Space For Sale

      NNN property with a long-term tenant in A+ location.
      1295 S Main St, Grapevine, TX 76051
      View Details
    • Contact for pricing
      2,640 SF

      Grapevine, TX NNN Investment Opportunity

      NNN leased Kwik Kar in a high-traffic Grapevine location.
      901 W Northwest Hwy, Grapevine, TX 76051
      View Details
    • Contact for pricing
      9,176 SF

      Retail Building in Southlake District

      9,176 SF retail building in Southlake's "The District".
      2112 E State Highway 114, Southlake, TX 76051
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Grocery Anchored Shopping Center Space

      Traditional shopping center serving Grapevine, Colleyville, and Euless.
      4000 William D Tate Ave, Grapevine, TX 76051
      View Details
    • Contact for pricing
      1,550 SF

      Retail Space Near DFW Airport

      Neighborhood retail center with adaptable spaces and high visibility.
      1601-1641 W Northwest Hwy, Grapevine, TX 76051
      View Details
    • Contact for pricing
      1,504 SF

      Retail Space Near Grapevine Mills

      Retail space for lease near Grapevine Mills and DFW airport.
      3100 Grapevine Mills Pkwy, Grapevine, TX 76051
      View Details
    • Contact for pricing
      4,626 SF

      Grapevine Retail Space For Rent

      Tom Thumb-anchored shopping center in the heart of Grapevine.
      304-322 S Park Blvd, Grapevine, TX 76051
      View Details
    • 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

      High Traffic Retail and Office

      Retail and office spaces in high-traffic Grapevine location.
      Northwest Hwy, 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.
    1231 William D Tate Ave
    Grapevine, TX 76051-4031
    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

    1231 William D Tate Ave, 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!