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Property profile & analytics
FOR LEASE
Office buildings
1940 Enchanted Way Grapevine, TX 76051
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-1516036
For Lease
1 / 6
$1,030,000
1940 Enchanted Way, Grapevine, TX 76051
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Total area
26,720 SF
Lot
1.52 ac (66,081 SF)
APN
15243-2-4
UPID
US82-1516036
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
-
Crossover Grapevine Medical Clinic
-
KAMILLE ROMAIN Pediatrician Physician
-
CHRISTINE MANDANA TAVAKOLI Pediatrician Physician
-
GRACE DENG YUAN Pediatrician Physician
-
Small Business Le Grapevine 75 Business Broker
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$785k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.03M
Owner & transaction history
Enchanted Office LLC · 3 yrs held
Enchanted Office LLC
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Grapevine submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grapevine submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$785,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.03M
Range $927k – $1.13M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$39 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$56,160
Tax year 2023
Assessed value
$3,350,000
Assessed 2024
Previous assessed
$3,350,000
+0.0% YoY
Effective rate
1.68%
On assessed value
Assessed land
$396,564
Assessed improvement
$2,953,436
Land market value
$396,564
Improvement market value
$2,953,436
Total market value
$3,350,000
Applied tax rate
224.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2007
Heating
NONE
Stories
2
Total area
26,720 SF
Lot
1.52 ac (66,081 SF)
APN
15243-2-4
UPID
US82-1516036
Jurisdiction
TARRANT
Metro division
FORT WORTH-ARLINGTON, TX METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2007
Heating
NONE
Stories
2
Lot
1.52 ac
Current owner
From public records · entity-resolved
Enchanted Office LLC
Entity
Mailing address
8501 CROSS TIMBERS RD, FLOWER MOUND, TX 75022-6432
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2023
—
Enchanted Office LLC
United Cellular INC
Special Warranty Deed
$2,182,500 · First National Bank
Nov 29, 2018
—
Paul D Agarwal
—
Deed
related
$500,000 · American Bk/commerce
Jan 19, 2018
—
United Cellular INC
—
Deed
related
$2,439,867 · City Bk
Mar 23, 2017
—
United Cellular INC
—
Deed
related
$2,512,000 · Bank Of America
Jul 19, 2011
—
United Cellular INC
Capital One
Grant Deed
—
Nov 3, 2009
$1,800,000
Capital One
Martin Kenneth
Trustees Deed
related
—
Sep 10, 2008
—
Nn Enchanted LLC
—
Trustees Deed
related
—
—
—
Paul D Agarwal
—
Loan Modification
related
$500,000 · American Bk/commerce
—
—
United Cellular INC
—
Deed Of Trust
related
$1,500,000 · Bank Of America
—
—
United Cellular INC
—
Deed Of Trust
related
$500,000 · Bank Of America
—
—
United Cellular INC
—
Deed Of Trust
related
$1,972,701 · Bank Of America
—
—
United Cellular INC
—
Deed Of Trust
related
$2,512,000 · Bank Of America
—
—
United Cellular INC
—
Deed Of Trust
related
$2,439,867 · City Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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