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

    3601 William D Tate Ave Grapevine, TX 76051

    • Commercial land
    • 2.55 lot acres
    For Sale
    View listing
    Last Sale
    Apr 01, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0058617
    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

    • Norris LLC / Hardware & Home Improvement / Home Appliance Store

    Property Details for 3601 William D Tate Ave

    Lot size
    2.55 lot acres
    Property type
    Commercial land
    APN
    30588K-1-1RA
    APU
    30588K11RA

    Description

    This exceptional ±2.55-acre (approximately 111,078 square feet) commercial land parcel presents a prime development opportunity in the vibrant Grapevine, Texas market. Ideally situated on William D. Tate Avenue, the property boasts significant visibility and direct frontage to State Highway 121, ensuring high traffic exposure for any future development. The site is zoned O1-Office, providing flexibility for a variety of commercial projects. Utilities are already in place, significantly reducing development costs and timelines. This build-ready pad site offers a unique advantage with below-market pricing, making it an attractive investment. The location is easily accessible, situated near the intersection of SH 121 and Hall Johnson Road, providing convenient access to major transportation arteries and a strong local workforce. This is a rare opportunity to acquire a large, well-located, and fully-serviced commercial land parcel in a rapidly growing area. The build-to-suit option allows for customized development to meet specific business needs. Don't miss this chance to secure a prime piece of real estate in the heart of Grapevine's thriving commercial corridor. The property is located in Tarrant County, Texas, with a zip code of 76051. The coordinates are 32.8971575 latitude and -97.0974593 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Grapevine
    County
    Tarrant
    State
    Texas
    Longitude
    -97.0976
    Latitude
    32.8978
    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
    $9,775
    $583,070
    $0.00
    $583,070
    -
    $583,070
    $0.00
    $583,070

    Comparable in this City

    • Value Estimation by Request
      0.09 Acres

      420 Freeport Pkwy

      VACANT COMMERCIAL LAND • 0.09 Acres
      420 Freeport Pkwy, Grapevine, TX 76051
      View Details
    • Value Estimation by Request
      2.44 Acres

      2051 Hwy 121

      VACANT COMMERCIAL LAND • 2.44 Acres
      2051 Hwy 121, Grapevine, TX 76051-2079
      View Details
    • Value Estimation by Request
      0.99 Acres

      1009 Ira E Woods Ave

      VACANT COMMERCIAL LAND • 0.99 Acres
      1009 Ira E Woods Ave, Grapevine, TX 76051-4018
      View Details
    • Value Estimation by Request
      0.09 Acres

      320 Barton St

      VACANT COMMERCIAL LAND • 0.09 Acres
      320 Barton St, Grapevine, TX 76051-5355
      View Details
    • Value Estimation by Request
      0.79 Acres

      College St

      VACANT COMMERCIAL LAND • 0.79 Acres
      College St, Grapevine, TX 76051
      View Details
    • Value Estimation by Request
      0.06 Acres

      Dove Loop Rd

      VACANT COMMERCIAL LAND • 0.06 Acres
      Dove Loop Rd, Grapevine, TX 76051
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Commercial Land on SH 121

      2.55 acres of commercial land in Grapevine, Texas.
      3601 William D Tate Ave, Grapevine, TX 76051
      View Details
    • $2,100,000
      2.37 Acres

      Commercial Land in Grapevine Station

      2.37 acres of commercial land near DFW Airport.
      1028 Texan Trl, Grapevine, TX 76051
      View Details
    • Contact for pricing
      12 SF

      Grapevine Commercial Land Opportunity

      Commercial land in Grapevine, near planned resort and DFW Airport.
      850 Kubota Dr, Grapevine, TX 76051
      View Details
    • $1,500,000
      1.58 Acres

      Grapevine Land Development Opportunity

      1.582 acres near Lakeside Business District, 5 minutes to DFW.
      Tbd Lakeside Dr, Grapevine, TX 76051
      View Details
    • Contact for pricing

      Prime Commercial Land Available

      Land available near Grapevine Mills Mall and Highway 121.
      2750 Grapevine Mills Pkwy, Grapevine, TX 76051
      View Details
    • Contact for pricing

      Prime Commercial Land Near Highway

      Land with high visibility and access near Grapevine Mills Mall.
      3200 Grapevine Mills Pkwy, Grapevine, TX 76051
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Near Grapevine Mills

      Retail space with park areas, patios, and greenspace.
      3594 N Grapevine Mills Blvd, Grapevine, TX 76051
      View Details
    • Contact for pricing

      Land For Lease

      Located at a regional intersection with affluent surroundings.
      5325 William D Tate Ave, Grapevine, TX 76051
      View Details
    • $150 SF/Yr
      15,000 SF

      Grapevine Office Building For Lease

      Historic Grapevine Office Space Available
      351 Hudgins St, Grapevine, TX 76051
      View Details
    • $18 SF/Yr
      6,808 SF

      Grapevine Office Space for Lease

      3,404 SF Office, Prime Location
      4821 Merlot Ave, Grapevine, TX 76051
      View Details
    • Contact for pricing

      Grapevine Retail Pad Site

      High-traffic location, prime retail opportunity.
      506 Northwest Hwy, Grapevine, TX 76051
      View Details
    • Contact for pricing
      11,000 SF

      Grapevine Retail & Office Space

      Turnkey Medical Space Available Now
      2011 Northwest Hwy, 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.
    3601 William D Tate Ave
    Grapevine, TX 76051
    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.