Technical
Financial
Distress signals
Property profile

1301 Municipal Way Grapevine, TX 76051

FOR LEASE
Office buildings
Property ID
US82-4086743
30,480 SF 1.72 ac lot Built 2008
Entity Owned 1-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • General Contractor
  • Real Estate Agency
  • Financial Advisor
  • Real Estate Agency
  • Financial Advisor

Location

1301 Municipal Way Grapevine, TX 76051
Grapevine metro Census 113712 DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$1.53M

Owner & transaction history

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

Top alternative use upside
Restaurant $2.5M +12.1%
Medical building $2.2M +1.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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