1601 Lancaster Dr Grapevine, TX 76051
For Lease
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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.
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Graves Nathan L MD Physician Medical Clinic
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Bostwick Patient Services Center Medical Laboratory
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Francis J. Pospisil, PAC Physician Medical Clinic
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Tatiana Daniel, NP Physician
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North DFW Urology Medical Clinic Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.