Property profile

3105 William D Tate Ave Grapevine, TX 76051

OFF-MARKET
Individual retail properties
Property ID
US82-0428953
20,740 SF 5.2 ac lot Built 2022
Entity Owned 2-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 0.98-acre commercial lot, located at 3105 William D Tate Ave in Grapevine, Texas, 76051, presents a unique investment opportunity. Zoned for Community Commercial use, this single-tenant property offers unparalleled visibility and accessibility. The property's strategic location is directly adjacent to a newly opened, high-traffic fitness center, boasting up to 1,000 customer check-ins daily, primarily targeting the 18-35 demographic and families. This translates to significant foot traffic and drive-by visibility, ideal for businesses seeking high exposure. The fitness center's robust youth programs further enhance the potential customer base, creating opportunities for businesses catering to families and individuals with children. This prime location offers significant potential for cross-promotional marketing opportunities with the adjacent fitness center, allowing for synergistic partnerships and increased brand awareness. The property's total building square footage is currently listed as 1 square foot, indicating potential for new construction or redevelopment. This presents a blank canvas for a discerning investor or business owner to create a thriving commercial venture in a vibrant and growing community. The property's size and location make it suitable for a variety of retail uses.

Property profile

Verified
Property type Individual retail properties
Use group GYM, HEALTH SPA
Year built 2022
Total area 20,740 SF
Lot 5.2 ac (226,512 SF)
APN 7406-1-2A
UPID US82-0428953

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gym & Fitness Center
  • Gym & Fitness Center

Location

3105 William D Tate Ave Grapevine, TX 76051-4309
Grapevine metro Census 113709 DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$805k
CAP Approach CAP
by Request
Comparable Approach Comparable
$764k
Blend (final) Blend
$785k

Owner & transaction history

since 2023
2 recorded transactions
2026
Price N/A
2023
Price N/A

Zoning & alternative use

Top alternative use upside
Auto repair, garage $945,000 +56.8%
Neighborhood: shopping center $860,000 +42.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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