Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2250 William D Tate Ave Grapevine, TX 76051-3905

    • Distribution centers
    • 247,648 SF
    • 14.41 lot acres
    OFF-MARKET
    Value Estimations
    $2,815,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1189936
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Reconext / Warehouse & Storage

    Property Details for 2250 William D Tate Ave

    Year built
    1996
    Lot size
    14.41 lot acres
    Property size
    247,648 SF
    Property type
    Distribution centers
    APN
    39727--3R
    APU
    397273R

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Grapevine
    County
    Tarrant
    State
    Texas
    Longitude
    -97.0992
    Latitude
    32.9156
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $197,819
    $3,137,845
    $9,201,605
    $12,339,450
    -
    $3,137,845
    $9,201,605
    $12,339,450

    Comparable in this City

    • Value Estimation
      $2,940,000
      185,825 SF

      4251 Hwy 121

      DISTRIBUTION WAREHOUSE • 185,825 SF
      4251 Hwy 121, Grapevine, TX 76051-2302
      View Details
    • Value Estimation
      $1,725,000
      138,600 SF

      749 Prt America Pl

      DISTRIBUTION WAREHOUSE • 138,600 SF
      749 Prt America Pl, Grapevine, TX 76051-7650
      View Details
    • Value Estimation
      $2,690,000
      184,625 SF

      3175 Bass Pro Dr

      DISTRIBUTION WAREHOUSE • 184,625 SF
      3175 Bass Pro Dr, Grapevine, TX 76051-1987
      View Details
    • Value Estimation
      $785,000
      33,390 SF

      1200 Texan Trl

      DISTRIBUTION WAREHOUSE • 33,390 SF
      1200 Texan Trl, Grapevine, TX 76051-7618
      View Details
    • Value Estimation
      $1,950,000
      140,160 SF

      920 Minters Chapel Rd

      DISTRIBUTION WAREHOUSE • 140,160 SF
      920 Minters Chapel Rd, Grapevine, TX 76051-4135
      View Details
    • Value Estimation
      $3,005,000
      209,022 SF

      4255 Patriot Dr

      DISTRIBUTION WAREHOUSE • 209,022 SF
      4255 Patriot Dr, Grapevine, TX 76051-2314
      View Details

    Similar Nearby for Sale

    • $5,240,000
      7,330 SF

      Grapevine Restaurant - NNN Lease

      High-Income Area, Long-Term Lease, Strong NOI
      1295 Main St, Grapevine, TX 76051
      View Details
    • Contact for pricing

      Prime Commercial Land Available

      Land available near Grapevine Mills Mall and Highway 121.
      2750 Grapevine Mills Pkwy, Grapevine, TX 76051
      View Details
    • $699,000

      Land for Sale

      Land available for purchase in Grapevine, Texas.
      2601 Heritage Ave, Grapevine, TX 76051
      View Details
    • $795,000
      0.06 Acres

      Historic Retail Space on Main

      Retail space in historic downtown Mansfield, great visibility and traffic.
      130 N Main St, Mansfield, TX 76051
      View Details
    • $4,000,000
      14,713 SF

      Grapevine Mills Restaurant - For Sale

      Prime Restaurant Space, 14,713 SF, Vacant
      2505 Grapevine Mills Cir, Grapevine, TX 76051
      View Details
    • $345,000
      2.70 Acres

      Grapevine Land Development Opportunity

      2.7 acres near Lakeside Business District, Grapevine, TX
      4215 Lakeside Pkwy, Grapevine, TX 76051
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      35,481 SF

      Grapevine Industrial Warehouse For Rent

      82,923 SF warehouse near DFW International Airport.
      3193 Bass Pro Dr, Grapevine, TX 76051
      View Details
    • Contact for pricing
      628,000 SF

      Modern Industrial Development in Grapevine

      State-of-the-art industrial park with excellent highway access.
      3642 Euless Grapevine Rd, Grapevine, TX 76051
      View Details
    • Contact for pricing
      42,000 SF

      Grapevine Warehouse with Truck Court

      42,000 SF warehouse with 115' truck court for lease.
      3200 Stone Myers Pkwy, Grapevine, TX 76051
      View Details
    • $9 SF/Yr
      181,322 SF

      Grapevine Warehouse with HVAC

      181,322 SF warehouse space featuring HVAC and ample parking.
      2200 William D Tate Ave, Grapevine, TX 76051
      View Details
    • Contact for pricing
      1,798 SF

      Grapevine Industrial Space Available

      Industrial/Distribution space available for lease in Grapevine, Texas.
      1061 Texan Trl, Grapevine, TX 76051
      View Details
    • Contact for pricing
      900 SF

      Industrial/Distribution Space For Lease

      900 SF industrial/distribution space available for lease.
      1063 Texan Trl, Grapevine, TX 76051
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2250 William D Tate Ave
    Grapevine, TX 76051-3905
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.