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Property profile & analytics

1301 Municipal Way Grapevine, TX 76051

  • Office buildings
  • 30,480 SF
  • 1.72 lot acres
For Lease
Last Sale
Dec 30, 2024
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US82-4086743
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

  • Texas Best Home Improvement / Contractor
  • Craig M. Powers - Realty Solutions of Texas LLC / Real Estate Agency / Real Estate Agent
  • Edward Jones - Financial Advisor: Brad Storm, AAMS™ / Financial Consultant / Finance Broker
  • JPAR - Grapevine / Real Estate Agency
  • Edward Jones - Financial Advisor: David A Alvarez / Financial Consultant / Finance Broker

Property Details for 1301 Municipal Way

Year built
2008
Lot size
1.72 lot acres
Property size
30,480 SF
Property type
Office buildings
APN
16072P-1-1
APU
16072P11

Description

This exceptional Class A office building, situated in the desirable Westlake/Grapevine submarket, presents a compelling investment opportunity. Boasting 30,480 square feet across two stories, this 2008-built property underwent a complete renovation in 2018, showcasing modern finishes throughout. The building features six suites, with a minimum divisible space of 245 square feet and a maximum contiguous space of 4,800 square feet. Currently, 7,403 square feet are vacant, offering immediate leasing potential. The property sits on 1.72 acres of land and includes ample surface parking, with limited covered parking also available, at a ratio of 3.2 spaces per 1,000 square feet. Conveniently located near SH 114/Main Street, it offers easy access to major thoroughfares like Hwy 121, 114, and 360, providing seamless connectivity throughout the DFW Metroplex. Its proximity to DFW International Airport, the Gaylord Texan Resort, and a vibrant array of restaurants, wineries, and entertainment venues adds significant value. A short walk to Grapevine Main Street and a short distance to the TEXRail Terminal further enhance its appeal. The building is zoned for office use and includes a single elevator, along with an 1876 square foot move-in ready spec suite and a newly finished breakroom for tenant use. Large windows provide excellent natural light and views.


Value Estimations

based on Realmo’s proprietary methodology
  • Alternative Use

    Use
    Estimation
    OFFICE BUILDING
    $2,190,000
    Current use
    RESTAURANT
    $2,455,000
    Change: +12% Conversion: Moderate
    MEDICAL BUILDING
    $2,230,000
    Change: +2% Conversion: Easy

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


Location Insight

  • Map
  • Local Demand
City
Grapevine
County
Tarrant
State
Texas
Longitude
-97.0764
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
$97,779
$749,140
$5,083,460
$5,832,600
-
$749,140
$5,083,460
$5,832,600
More about this property
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