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Property profile & analytics
FOR LEASE
Office buildings
3400 William D Tate Ave Grapevine, TX 76051
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-1244276
For Lease
1 / 4
$15 SF/Yr
3400 William D Tate Ave, Grapevine, TX 76051
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Total area
58,110 SF
Lot
6.93 ac (302,001 SF)
APN
16057-1-1
UPID
US82-1244276
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Anthony | Kennedy, PLLC Law Firm
-
Faith & Family Christian Center International Church
-
Word Outreach Church Church
-
World Healing Center Church (Benny Hinn) Church
-
The Novus Academy High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.86M
Owner & transaction history
Bible Study Fellowship · 1 yrs held
Bible Study Fellowship
since 2025
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Grapevine submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grapevine submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$32 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$118,265
Tax year 2023
Assessed value
$7,348,608
Assessed 2024
Previous assessed
$7,054,560
+4.2% YoY
Effective rate
1.61%
On assessed value
Assessed land
$1,811,886
Assessed improvement
$5,536,722
Land market value
$1,811,886
Improvement market value
$5,536,722
Total market value
$7,348,608
Applied tax rate
224.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2001
Heating
NONE
Stories
1
Total area
58,110 SF
Lot
6.93 ac (302,001 SF)
APN
16057-1-1
UPID
US82-1244276
Jurisdiction
TARRANT
Metro division
FORT WORTH-ARLINGTON, TX METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2001
Heating
NONE
Stories
1
Lot
6.93 ac
Current owner
From public records · entity-resolved
Bible Study Fellowship
Individual
Free & Clear · 1 yrs held
Mailing address
2140 HALL JOHNSON RD STE #102, GRAPEVINE, TX 76051-8760
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2025
—
Bible Study Fellowship
Cal Tex Acquisition V LLC
Special Warranty Deed
—
Apr 1, 2014
—
Cal Tex Acquisition V
World Healing Center Church
Special Warranty Deed
—
Jun 19, 2006
—
World Healing Center Ch INC
—
Deed Of Trust
related
$8,000,000 · Compass Bank
—
—
Cal-tex Acquisition V LLC
—
Loan Modification
related
$3,737,000 · Cpif Lndg LLC
—
—
Cal-tex Acquisition V LLC
—
Deed Of Trust
related
$4,500,000 · Veritex Cmnty Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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