1625 Lancaster Dr Grapevine, TX 76051-3545
This exceptional 11,502-square-foot medical office building, located at 1625 Lancaster Dr, Grapevine, TX 76051 (cross street: Hudgins), presents a unique investment opportunity. Built in 2002, the property is zoned P O and features a single-tenant occupancy. The entire space, totaling 11,502 square feet, is currently vacant and ready for immediate occupancy. Previously occupied by an OB/GYN practice, the building boasts a comprehensive and sophisticated interior finish. The layout includes 30 exam rooms, six doctor's offices, and ten bathrooms, providing ample space for a variety of medical practices. The property also offers convenient access with eight covered parking spaces. Its prime location next to Baylor Grapevine ensures high visibility and accessibility for patients and staff. This single-story building offers an efficient and functional space, ideal for a medical practice seeking a move-in ready location in a thriving Texas community. The property's size and features make it suitable for a wide range of medical specialties. This is a rare opportunity to acquire a fully equipped and well-located medical office building in a desirable area.
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Dr. Angela L. Cope, MD Physician
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Dr. Barbara A. Coulter-Smith, DO Physician
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Cynthia L. Farmer, RNC Physician
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Courtney Walters Physician
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Arden R. Moulin, RNC 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.