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Property profile & analytics
OFF-MARKET Estimated value $590,000
Medical Office Space

1625 Lancaster Dr Grapevine, TX 76051-3545

12,116 SF 1.24 ac lot Built 2001
Individually Owned 27-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-2402694
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2001
Total area 12,116 SF
Lot 1.24 ac (54,014 SF)
APN 7460-3-5
UPID US82-2402694
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
  • Dr. Angela L. Cope, MD Physician
  • Dr. Barbara A. Coulter-Smith, DO Physician
  • Cynthia L. Farmer, RNC Physician
  • Courtney Walters Physician
  • Arden R. Moulin, RNC Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$570k
CAP Approach CAP
by Request
Comparable Approach Comparable
$613k
Blend (final) Blend
$590k
Owner & transaction history
Evergreen-fern Ltd
Evergreen-fern Ltd
2 recorded transactions
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $975,000 +10.1%
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