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Property profile & analytics
OFF-MARKET
Warehouses
351 Hudgins St Grapevine, TX 76051-5430
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-3096666
Property summary
AI-generated overview
This exceptional commercial property in historic Grapevine, Texas, offers 15,000 square feet of office space across three suites within a newly renovated building. The building boasts a blend of modern and classic design elements, featuring high ceilings and open floor plans. One suite, measuring 120 square feet, is currently available for lease. The property sits on a 51,401 square foot lot and enjoys a prime location just one block from Historic Main Street, providing easy access to shops, restaurants, and local attractions. Its proximity to the New Hotel Vin, the Trinity Metro TEX Rail, and DFW International Airport (a 10-minute drive) makes it exceptionally convenient. The property is also within a 25-minute drive of both Downtown Dallas and Fort Worth. This high-end space offers a unique opportunity to thrive in Grapevine's vibrant historic setting. The building is located in Tarrant County, Texas, with the address being 351 E Hudgins Street, Grapevine, TX 76051. A 5-minute walk will take you to the TEXRail station.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1984
Total area
12,180 SF
Lot
1.12 ac (48,613 SF)
APN
16060-22-5A
UPID
US82-3096666
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
-
Kids Matter International Charitable Organization Social Service Agency
-
Verdad Real Estate Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
351 E Hudgins Office LLC · 1 yrs held
351 E Hudgins Office LLC
since 2025
2 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
—
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
$16,233
Tax year 2023
Assessed value
$983,523
Assessed 2024
Previous assessed
$968,310
+1.6% YoY
Effective rate
1.65%
On assessed value
Assessed land
$782,028
Assessed improvement
$201,495
Land market value
$782,028
Improvement market value
$201,495
Total market value
$983,523
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1984
Heating
NONE
Stories
1
Total area
12,180 SF
Lot
1.12 ac (48,613 SF)
APN
16060-22-5A
UPID
US82-3096666
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
1984
Heating
NONE
Stories
1
Lot
1.12 ac
Current owner
From public records · entity-resolved
351 E Hudgins Office LLC
Entity
Mailing address
1211 S WHITE CHAPEL BLVD, SOUTHLAKE, TX 76092-9303
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2025
—
351 E Hudgins Office LLC
—
Deed
related
$615,000 · Ciera Bank
Nov 18, 2021
—
2011 Ventures LLC
—
Deed
related
$98,491 · Ciera Bank
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.
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