1601 Lancaster Dr, Grapevine, TX 76051
- Medical Office Space
- 22,745 SF
- 1.79 lot acres
Current Use by Public Records
- Graves Nathan L MD / Physician / Medical Clinic
- Bostwick Patient Services Center / Medical Laboratory
- Francis J. Pospisil, PAC / Physician / Medical Clinic
- Tatiana Daniel, NP / Physician
- North DFW Urology / Medical Clinic / Physician
Property Details for 1601 Lancaster Dr
- Year built
- 2000
- Lot size
- 1.79 lot acres
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 7460-3-1R
- APU
- 746031R
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| — | — | Oktex Partners Ltd | — | Deed Of Trust · related | — |
| — | — | Oktex Partners Ltd | — | Deed Of Trust · related | $725k · Texas National Bank |
| — | — | Oktex Partners Ltd | — | Deed Of Trust · related | — |
Description
This exceptional two-story, Class B office building, located at 1601 Lancaster Drive in Grapevine, Texas (Tarrant County), presents a compelling investment opportunity. Built in 2001, the property boasts a total of 21,405 square feet, currently featuring multiple tenants. A significant portion of the building is available, with 2,163 square feet of vacant space ready for immediate occupancy. The property's convenient location at the intersection of Lancaster Drive and West College Street offers easy access to Highway 114 and is just minutes from the Dallas/Fort Worth International Airport. The building's proximity to the Grapevine Town Center provides tenants with convenient access to a wide array of retail and dining options. The property features ample parking, catering to the needs of both tenants and visitors. This well-maintained building offers flexible floor plans, making it suitable for a variety of businesses. The property's address is 1601 Lancaster Dr, Grapevine, TX 76051. The building's two stories provide a functional and efficient layout. This is an excellent opportunity to acquire a well-situated office building in a thriving Texas market. The property is zoned for traditional office use.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $925,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,150,000
Market price range: $1.15M - $2.30M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $1,665,000 Current use
- OFFICE BUILDING
- $1,635,000 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
- -97.091
- Latitude
- 32.9349
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
