Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1255 Main St Grapevine, TX 76051-5545

    • Turn key restaurants
    • 9,088 SF
    • 1.52 lot acres
    OFF-MARKET
    Last Sale
    Aug 22, 2022
    Value Estimations
    $670,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4058383
    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

    • Bob's Steak & Chop House / Restaurant

    Property Details for 1255 Main St

    Year built
    2006
    Lot size
    1.52 lot acres
    Property size
    9,088 SF
    Property type
    Turn key restaurants
    APN
    16608C--1
    APU
    16608C1

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $730,000
      Current use
      RETAIL STORES
      $785,000
      Change: +7% Conversion: Easy
      COMMERCIAL (GENERAL)
      $775,000
      Change: +6% Conversion: Easy
      MEDICAL BUILDING
      $665,000
      Change: -9% Conversion: Difficult
      OFFICE BUILDING
      $655,000
      Change: -11% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Grapevine
    County
    Tarrant
    State
    Texas
    Longitude
    -97.0777
    Latitude
    32.9261
    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
    $39,345
    $862,641
    $2,747,359
    $3,610,000
    -
    $862,641
    $2,747,359
    $3,610,000

    Comparable in this City

    • Value Estimation by Request
      5,888 SF

      1295 Main St

      RESTAURANT • 5,888 SF
      1295 Main St, Grapevine, TX 76051-5545
      View Details
    • Value Estimation by Request
      8,158 SF

      1711 Cross Rds Dr

      RESTAURANT • 8,158 SF
      1711 Cross Rds Dr, Grapevine, TX 76051-8600
      View Details
    • Value Estimation
      $525,000
      14,713 SF

      2505 Grapevine Mls Cir

      RESTAURANT • 14,713 SF
      2505 Grapevine Mls Cir, Grapevine, TX 76051-2085
      View Details
    • Value Estimation by Request
      10,603 SF

      1200 William D Tate Ave

      RESTAURANT • 10,603 SF
      1200 William D Tate Ave, Grapevine, TX 76051-4030
      View Details
    • Value Estimation by Request
      5,625 SF

      415 State Hwy 114

      RESTAURANT • 5,625 SF
      415 State Hwy 114, Grapevine, TX 76051-4050
      View Details
    • Value Estimation by Request
      5.17 Acres

      1251 Main St

      RESTAURANT • 5.17 Acres
      1251 Main St, Grapevine, TX 76051-5545
      View Details

    Similar Nearby for Sale

    • $1,592,544
      66,356 SF

      Crossroads Drive Restaurant Redevelopment

      Prime Grapevine Restaurant Site - 66,356 SF
      1701 Cross Roads Dr, Grapevine, TX 76051
      View Details
    • $795,000
      0.06 Acres

      Historic Retail Space on Main

      Retail space in historic downtown Mansfield, great visibility and traffic.
      130 N Main St, Mansfield, 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
    • $4,000,000
      14,713 SF

      Grapevine Mills Restaurant - For Sale

      Prime Restaurant Space, 14,713 SF, Vacant
      2505 Grapevine Mills Cir, Grapevine, TX 76051
      View Details
    • Contact for pricing
      6,500 SF

      Restaurant Property on State Highway

      Restaurant property with a new 15-year ground lease.
      450 W State Highway 114, Grapevine, TX 76051
      View Details
    • Contact for pricing
      1,245 SF

      Historic Downtown Grapevine Storefront

      1,245 SF Retail Space, Prime Location
      530 Main St, Grapevine, TX 76051
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,250 SF

      Downtown Grapevine Retail/Restaurant Space

      Retail and restaurant spaces in downtown Grapevine, Texas.
      605-611 S Main St, Grapevine, TX 76051
      View Details
    • Contact for pricing
      902 SF

      Retail Space in Historic District

      Retail space in Grapevine's Downtown Historic District for lease.
      601 S Main St, 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
      2,148 SF

      Grapevine Retail Space Available

      Prime Restaurant Space, Hwy 114 Access
      1202 William D. Tate Ave, Grapevine, TX 76051
      View Details
    • Contact for pricing
      2,858 SF

      Main Street Retail Opportunity

      Retail space on Main Street with seating for 100+.
      925 S Main St, Grapevine, TX 76051
      View Details
    • Contact for pricing
      2,230 SF

      Retail Space in Historic District

      Retail or restaurant space in Grapevine's Downtown Historic District.
      603 S Main St, 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.
    1255 Main St
    Grapevine, TX 76051-5545
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!