301 S Park Blvd Grapevine, TX 76051
Property profile & analytics
301 S Park Blvd Grapevine, TX 76051
- Banks
- 3,708 SF
- 0.94 lot acres
Property ID
US83-3164958
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.
Location Intelligence
Current Use by Public Records
- Prosperity Bank / Bank / Loan Service
Property Details for 301 S Park Blvd
- Year built
- 1991
- Lot size
- 0.94 lot acres
- Property size
- 3,708 SF
- Property type
- Banks
- APN
- 31685H-1-1A
- APU
- 31685H11A
Description
This exceptional investment opportunity presents a 3,708-square-foot, single-tenant, absolute net lease retail property located at 301 S Park Blvd, Grapevine, Texas, 76051. The property, built in 1991 and situated on a 0.94-acre lot, is currently 100% occupied by Prosperity Bank under a 20-year lease commencing June 26, 2008, and expiring June 25, 2028. This leaves approximately 3.6 years remaining on the lease term. The lease includes four, five-year renewal options with a 10% rent increase every five years. The current annual net operating income (NOI) is $212,960, resulting in a 7.00% cap rate and a price per square foot of $820.39. The asking price for this property is $3,042,000. The tenant, Prosperity Bank, is backed by a corporate guarantee, providing significant financial security. This freestanding building benefits from excellent visibility and frontage, situated in a thriving retail hub near major retailers such as Costco, Sam's Club, Walmart, Lowe's, Kohl's, and 24 Hour Fitness. The location is also minutes from DFW International Airport and boasts a high average household income within a five-mile radius. This is a strong, low-risk investment opportunity with a proven location and operator. The property is offered as an absolute NNN lease, meaning the tenant is responsible for all operating expenses.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Grapevine
- County
- Tarrant
- State
- Texas
- Longitude
- -97.0992
- Latitude
- 32.9392
- 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
$41,911
$524,518
$1,975,482
$2,500,000
-
$524,518
$1,975,482
$2,500,000
