1301 Municipal Way Grapevine, TX 76051
For Lease
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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.
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Texas Best Home Improvement General Contractor
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Craig M. Powers - Realty Solutions of Texas LLC Real Estate Agency
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Edward Jones - Financial Advisor: Brad Storm, AAMS™ Financial Advisor
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JPAR - Grapevine Real Estate Agency
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Edward Jones - Financial Advisor: David A Alvarez Financial Advisor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.