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Property profile & analytics
OFF-MARKET
Estimated value
$8,840,000
Industrial properties
4055 Corporate Dr Grapevine, TX 76051-2325
Individually Owned
20-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-0337570
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1996
Construction
TILT-UP CONCRETE
Total area
202,250 SF
Lot
11.81 ac (514,661 SF)
Zoning code
Z123
APN
90042100020010000
UPID
US82-0337570
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
-
Cynergy Corporate Office
-
ZTE USA Service Center Corporate Office
-
Harland Clarke Advertising Agency Marketing & Advertising
-
Freedom Solar Power - Dallas Solar Panel Company & Installers Solar Energy Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.22M
Blend (final)
Blend
$8.84M
Owner & transaction history
Dct Patriot Drive Tx · 20 yrs held
Dct Patriot Drive Tx
since 2006
3 recorded transactions
Zoning & alternative use
Z123 · Grapevine, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$14.5M
+109.8%
Apartment house (5+ units)
$9.4M
+35.0%
Auto repair, garage
$9.2M
+32.7%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,925,000
Current use
OFFICE BUILDING
$14,535,000
Change: +110% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$9,350,000
Change: +35% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,195,000
Change: +33% · Conversion: Easy
Blend value · Realmo final
$8.84M
Range $7.96M – $9.72M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$44 / 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
$316,222
Tax year 2023
Assessed value
$17,099,500
Assessed 2023
Previous assessed
$17,099,500
+0.0% YoY
Effective rate
1.85%
On assessed value
Assessed land
$2,573,310
Assessed improvement
$14,526,190
Land market value
$2,573,310
Improvement market value
$14,526,190
Total market value
$17,099,500
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1996
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
202,250 SF
Lot
11.81 ac (514,661 SF)
Zoning code
Z123
APN
90042100020010000
UPID
US82-0337570
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z123 · Grapevine, TX
Zoning Z123 · permitted uses
Z123 · Grapevine, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grapevine. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$6.9M
OFFICE BUILDING
Est. value
$14.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.4M
AUTO REPAIR, GARAGE
Est. value
$9.2M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
11.81 ac
Current owner
From public records · entity-resolved
Dct Patriot Drive Tx
Individual
Free & Clear · 20 yrs held
Mailing address
200 E RANDOLPH ST STE #4400, CHICAGO, IL 60601-6520
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2006
—
Dct Patriot Drive Tx
Cabot Indl Venture B Texas
Grant Deed
related
—
Dec 29, 1997
—
Industrial Properties Holding
Dfw Trade Cebter 1 LP
Grant Deed
$55,315,000 · Fleet National Bank
—
—
Lipt Corp Drive LLC
—
Deed Of Trust
related
$17,720,000 · Miscellaneous Ins Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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