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

    129 Main St Grapevine, TX 76051-5478

    • Investment properties
    • 45,120 SF
    • 0.71 lot acres
    OFF-MARKET
    Value Estimations
    $6,990,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9712914
    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

    • RE/MAX Unlimited / Real Estate Agency
    • CTRL / (Bike/Boat/Book/etc) Store / Corporate Office
    • JSL Marketing & Web Design - Grapevine / Marketing & Advertising
    • Decentral Digital / (Bike/Boat/Book/etc) Store / Corporate Office
    • Berkeys Heating & Air Conditioning Repair Of Grapevine / HVAC Service / General Contractor

    Property Details for 129 Main St

    Year built
    2014
    Lot size
    0.71 lot acres
    Property size
    45,120 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    17633-1-1
    APU
    1763311

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $8,730,000
      6.5%
      $8,060,000
      7%
      $7,485,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $5,923,000
      Market price range: $1.41M - $6.59M

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

    Location Insight

    • Map
    • Local Demand
    City
    Grapevine
    County
    Tarrant
    State
    Texas
    Longitude
    -97.0781
    Latitude
    32.9404
    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
    $201,298
    $371,904
    $9,628,096
    $10,000,000
    -
    $371,904
    $9,628,096
    $10,000,000

    Comparable in this City

    • Value Estimation
      $5,015,000
      49,926 SF

      1000 Texan Trl

      STORE/OFFICE (MIXED USE) • 49,926 SF
      1000 Texan Trl, Grapevine, TX 76051-3776
      View Details
    • Value Estimation
      $1,555,000
      41,877 SF

      607 Dallas Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 41,877 SF
      607 Dallas Rd, Grapevine, TX 76051-4099
      View Details
    • Value Estimation
      $1,115,000
      10,340 SF

      906 Jean St

      OFFICE/RESIDENTIAL (MIXED USE) • 10,340 SF
      906 Jean St, Grapevine, TX 76051-4112
      View Details
    • Value Estimation by Request
      1,804 SF

      204 Worth St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,804 SF
      204 Worth St, Grapevine, TX 76051-5317
      View Details
    • Value Estimation by Request
      7,500 SF

      330 Wnw Hwy

      OFFICE/RESIDENTIAL (MIXED USE) • 7,500 SF
      330 Wnw Hwy, Grapevine, TX 76051-8220
      View Details
    • Value Estimation
      $6,465,000
      40,035 SF

      4600 Merlot Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 40,035 SF
      4600 Merlot Ave, Grapevine, TX 76051-7453
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,245 SF

      Historic Downtown Grapevine Storefront

      1,245 SF Retail Space, Prime Location
      530 Main St, Grapevine, TX 76051
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    • $5,240,000
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      Grapevine Restaurant - NNN Lease

      High-Income Area, Long-Term Lease, Strong NOI
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      Prime Commercial Land Available

      Land available near Grapevine Mills Mall and Highway 121.
      2750 Grapevine Mills Pkwy, Grapevine, TX 76051
      View Details
    • $699,000

      Land for Sale

      Land available for purchase in Grapevine, Texas.
      2601 Heritage Ave, 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
    • $1,025,000
      4,896 SF

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      Newly renovated, 4,896 sq ft office space.
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    Similar Nearby for Lease

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      15,605 SF

      Prime Grapevine Retail Space

      11 Suites Available, High Visibility
      2200 Pool Rd, Grapevine, TX 76051
      View Details
    • $33,641
      1,641 SF

      Retail Space in Grapevine, TX

      Retail space for lease in dynamic Northeast Tarrant County.
      330 W Northwest Hwy, Grapevine, TX 76051
      View Details
    • $1,725 /Mo
      130,549 SF

      Furnished Office Space in Grapevine

      Fully-furnished office space with amenities in Grapevine, Texas.
      1785 State Highway 26, Grapevine, TX 76051
      View Details
    • Contact for pricing
      35,481 SF

      Grapevine Industrial Warehouse For Rent

      82,923 SF warehouse near DFW International Airport.
      3193 Bass Pro Dr, Grapevine, TX 76051
      View Details
    • Contact for pricing
      4,500 SF

      New Construction Office/Retail Space

      New construction office or retail space with highway access.
      1929 W Northwest Hwy, Grapevine, TX 76051
      View Details
    • $25 SF/Yr
      4,500 SF

      Professional Office Space Available

      Class A office space for lease on SH-114.
      500 W State Highway 114, Grapevine, TX 76051
      View Details
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    129 Main St
    Grapevine, TX 76051-5478
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    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
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