1301 Municipal Way Grapevine, TX 76051
Property profile & analytics
1301 Municipal Way, Grapevine, TX 76051
- Office buildings
- 30,480 SF
- 1.72 lot acres
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.
Location Intelligence
Current Use by Public Records
- Texas Best Home Improvement / General Contractor
- Craig M. Powers - Realty Solutions of Texas LLC / Real Estate Agency
- Edward Jones - Financial Advisor: Brad Storm, AAMS™ / Financial Advisor
- JPAR - Grapevine / Real Estate Agency
- Edward Jones - Financial Advisor: David A Alvarez / Financial Advisor
Property Details for 1301 Municipal Way
- Year built
- 2008
- Lot size
- 1.72 lot acres
- 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 estimation — 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
