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Property profile & analytics
FOR LEASE
Medical Office Space

1601 Lancaster Dr Grapevine, TX 76051

22,745 SF 1.79 ac lot Built 2000
Entity Owned 22-yr Hold Free & Clear
Property ID
US82-1231669
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2000
Total area 22,745 SF
Lot 1.79 ac (77,972 SF)
APN 7460-3-1R
UPID US82-1231669
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
  • 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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$925k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.15M
Blend (final) Blend
$1.04M
Owner & transaction history
Oktex Partners Ltd
Oktex Partners Ltd
3 recorded transactions
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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