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

    302 Park Blvd Grapevine, TX 76051-7835

    • Community centers
    • 60,150 SF
    • 5.25 lot acres
    OFF-MARKET
    Value Estimations
    $1,110,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-4238801
    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

    • Tom Thumb Pharmacy / Pharmacy / Drug Store
    • Quest Diagnostics / Blood Testing Service / Drug Testing Service
    • Coinstar Kiosk - Bitcoin ATM / Currency Exchange Service / Kiosk
    • Crystal Bruchhaus / Pharmacy
    • Chukwuemezie Emelogu / Pharmacy

    Property Details for 302 Park Blvd

    Year built
    1991
    Lot size
    5.25 lot acres
    Property size
    60,150 SF
    Property type
    Community centers
    APN
    31685H--4
    APU
    31685H4

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,100,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,115,000
      Market price range: $1.10M - $3.53M

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

    Location Insight

    • Map
    • Local Demand
    City
    Grapevine
    County
    Tarrant
    State
    Texas
    Longitude
    -97.0975
    Latitude
    32.9391
    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
    $78,463
    $1,372,140
    $3,133,758
    $4,505,898
    -
    $1,372,140
    $3,133,758
    $4,505,898

    Comparable in this City

    • Value Estimation
      $825,000
      45,250 SF

      1515 State Hwy 114

      MINI-MALL • 45,250 SF
      1515 State Hwy 114, Grapevine, TX 76051-8639
      View Details
    • Value Estimation
      $980,000
      49,205 SF

      1601 Wnw Hwy

      MINI-MALL • 49,205 SF
      1601 Wnw Hwy, Grapevine, TX 76051-3178
      View Details
    • Value Estimation
      $570,000
      9,798 SF

      4020 William D Tate Ave

      MINI-MALL • 9,798 SF
      4020 William D Tate Ave, Grapevine, TX 76051-8751
      View Details
    • Value Estimation by Request
      9,227 SF

      2655 Grapevine Mills Cir

      Lifestyle centers • 9,227 SF
      2655 Grapevine Mills Cir, Grapevine, TX 76051
      View Details
    • Value Estimation
      $335,000
      2,956 SF

      2111 Hall Johnson Rd

      MINI-MALL • 2,956 SF
      2111 Hall Johnson Rd, Grapevine, TX 76051-7113
      View Details
    • Value Estimation
      $1,300,000
      86,940 SF

      1250 William D Tate Ave

      MINI-MALL • 86,940 SF
      1250 William D Tate Ave, Grapevine, TX 76051-4030
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      26,283 SF

      Retail Property Near Grapevine Mills

      Retail property with high visibility and ample parking.
      2705 E Grapevine Mills Cir, Grapevine, TX 76051
      View Details
    • $4,800,000
      26,650 SF

      Grapevine Retail/Office Investment Opportunity

      Service-oriented retail/office property in Grapevine, Texas, for investors or owner-users.
      204 N Dooley St, Grapevine, 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
    • Contact for pricing
      8,740 SF

      Grapevine Retail Free Standing Building

      8,740 SF retail building in a prime Grapevine location.
      833 East Northwest Hwy, Grapevine, TX 76051
      View Details
    • $2,200,000
      2,640 SF

      Grapevine, TX NNN Investment Opportunity

      NNN leased Kwik Kar in a high-traffic Grapevine location.
      901 W Northwest Hwy, Grapevine, TX 76051
      View Details
    • Contact for pricing
      7,110 SF

      Grapevine Retail Pad Site

      Retail pad site with drive-thru in central DFW Metroplex.
      3500 Grapevine Mills Pkwy, Grapevine, TX 76051
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,626 SF

      Grapevine Retail Space For Rent

      Tom Thumb-anchored shopping center in the heart of Grapevine.
      304-322 S Park Blvd, Grapevine, TX 76051
      View Details
    • $17 SF/Yr
      5,250 SF

      Retail Space Near DFW Airport

      Neighborhood retail center with adaptable spaces and high visibility.
      1601-1641 W Northwest Hwy, Grapevine, TX 76051
      View Details
    • Contact for pricing
      2,019 SF

      Retail Space in Vineyard Marketplace

      Retail space available in a high-traffic Grapevine location.
      2040 W Glade Rd, Grapevine, TX 76051
      View Details
    • Contact for pricing
      62,139 SF

      Grocery Anchored Shopping Center Space

      Retail space in Grapevine, TX, near Highway 121.
      4000-4010 William D Tate Ave, Grapevine, TX 76051
      View Details
    • Contact for pricing
      4,500 SF

      Retail Space in Grapevine, TX

      Retail space with high visibility and ample parking available for lease.
      2807 Roaring Springs Rd, Grapevine, TX 76051
      View Details
    • Contact for pricing
      1,504 SF

      Retail Space Near Grapevine Mills

      Retail space for lease near Grapevine Mills and DFW airport.
      3100 Grapevine Mills Pkwy, 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.
    302 Park Blvd
    Grapevine, TX 76051-7835
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.