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Property profile & analytics
FOR LEASE
Office buildings

1301 Municipal Way Grapevine, TX 76051

30,480 SF 1.72 ac lot Built 2008
Entity Owned 1-yr Hold Free & Clear
Property ID
US82-4086743
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2008
Total area 30,480 SF
Lot 1.72 ac (74,923 SF)
APN 16072P-1-1
UPID US82-4086743
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · 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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
$1.53M
Owner & transaction history
Ef Munitx LLC · 1 yrs held
Ef Munitx LLC
since 2024
7 recorded transactions
2024
Price N/A
2021
Price N/A
2019
Price N/A
2019
Price N/A
2017
Price N/A
2008
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $2.5M +12.1%
Medical building $2.2M +1.8%
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More about this property
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