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    2401 Mustang Dr Grapevine, TX 76051
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    2401 Mustang Dr Grapevine, TX 76051

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    • Office buildings
    • 5,174 SF
    • 1.70 lot acres
    For Sale
    View Listing →
    Freestanding Medical Office Space For Sale
    Contact for pricing
    5,120 SF

    Freestanding Medical Office Space

    5,120 SF medical office space available for sale.

    2401 Mustang Dr, Grapevine, TX
    View Listing
    Property ID
    US82-4795590
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Beverly J. Stubblefield, LPC / Counselor / Marriage Or Relationship Counselor
    • Ferrell Lisa / Counselor / Doctor
    • BlueSprig / Crisis Center / Medical Clinic
    • Tashonda Robinson / Counselor
    • Michelle Chung / Counselor / Psychologist

    Property Details for 2401 Mustang Dr

    Year built
    1998
    Lot size
    1.70 lot acres
    Property size
    5,174 SF
    Property type
    Office buildings
    APN
    27115-1-2
    APU
    2711512

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Grapevine
    County
    Tarrant
    State
    Texas
    Longitude
    -97.1039
    Latitude
    32.9193
    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
    $21,783
    $444,912
    $854,474
    $1,299,386
    -
    $444,912
    $854,474
    $1,299,386

    Comparable in this City

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      33,634 SF

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      2451 Grapevine Mls Cir, Grapevine, TX 76051-2096
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    • Value Estimation
      $690,000
      11,303 SF

      1900 Champagne Blvd

      OFFICE BUILDING • 11,303 SF
      1900 Champagne Blvd, Grapevine, TX 76051-7373
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    • Value Estimation
      $1,180,000
      26,510 SF

      204 Dooley St

      OFFICE BUILDING • 26,510 SF
      204 Dooley St, Grapevine, TX 76051-3315
      View Details
    • Value Estimation
      $695,000
      10,080 SF

      1050 Texan Trl

      OFFICE BUILDING • 10,080 SF
      1050 Texan Trl, Grapevine, TX 76051-3741
      View Details
    • Value Estimation
      $615,000
      9,950 SF

      1052 Texan Trl

      OFFICE BUILDING • 9,950 SF
      1052 Texan Trl, Grapevine, TX 76051-3782
      View Details
    • Value Estimation
      $1,545,000
      49,657 SF

      3801 William D Tate Ave

      OFFICE BUILDING • 49,657 SF
      3801 William D Tate Ave, Grapevine, TX 76051-8755
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,120 SF

      Freestanding Medical Office Space

      5,120 SF medical office space available for sale.
      2401 Mustang Dr, Grapevine, TX 76051
      View Details
    • $1,395,000

      Downtown Grapevine Multi-Tenant Office Building

      Multi-tenant office building in historic Grapevine, TX for sale.
      110 S Barton St, Grapevine, TX 76051
      View Details
    • Contact for pricing
      11,200 SF

      Grapevine Professional Office Building

      11,200 SF professional office building in the heart of Grapevine.
      2301 Ira E Woods Ave, Grapevine, TX 76051
      View Details
    • Contact for pricing
      7,043 SF

      Grapevine Office Building For Sale

      7,043 SqFt office building available in Grapevine, Texas.
      1010 Mustang Dr, Grapevine, TX 76051
      View Details
    • $2,300,000
      7,043 SF

      Renovated Office Building with Parking

      Newly renovated office building with covered parking and signage.
      1010 Mustang Dr, Grapevine, TX 76051
      View Details
    • Contact for pricing
      38,724 SF

      Highway Frontage Office Building

      Value-add opportunity with highway frontage near DFW Airport.
      3500 William D Tate Ave, Grapevine, TX 76051
      View Details

    Similar Nearby for Lease

    • $1,500 /Mo
      15,000 SF

      351 Building For Lease - $1,500/MO

      351 Building For Lease - $1,500/MO
      351 E Hudgins Street, Grapevine, TX 76051
      View Details
    • Contact for pricing
      4,748 SF

      Grapevine Office Space Available

      Office spaces for lease in Grapevine, Texas.
      1450-1452 Hughes Rd, Grapevine, TX 76051
      View Details
    • $22 SF/Yr
      8,000 SF

      Grapevine Office Building Near Airport

      Two-story office building near DFW Airport and Grapevine Mills.
      1920 Enchanted Way, Grapevine, TX 76051
      View Details
    • Contact for pricing

      Two-Story Office Building For Lease

      26,062 SF office building with flexible floor plans.
      1940 Enchanted Way, Grapevine, TX 76051
      View Details
    • $1,050 /Mo
      38,489 SF

      Grapevine Office Space Available

      Office building in Grapevine, TX, offering 38,489 square feet.
      1701 W Northwest Hwy, Grapevine, TX 76051
      View Details
    • Contact for pricing

      Former Medical Office Space Available

      Turnkey medical office space in Grapevine, near Hwy 114.
      2011 W Northwest Hwy, Grapevine, TX 76051
      View Details
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    Grapevine, TX 76051
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    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
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