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Property profile & analytics
FOR LEASE
Office buildings
603 S Main St Grapevine, TX 76051
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2548816
For Lease
1 / 2
$1,935,000
603 S Main St, Grapevine, TX 76051
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Total area
51,112 SF
Lot
2.18 ac (94,917 SF)
APN
16060-15-C
UPID
US82-2548816
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
-
Lil' Shop on the Vine (Bike/Boat/Book/etc) Store
-
Wine Fusion Winery Brewery & Distillery Specialty Food Shop
-
Texas Construction Group Roofing Company General Contractor
-
Inner Revolution, PLLC Crisis Center Medical Clinic
-
DBA Tanya Alexander Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.94M
Owner & transaction history
Grape Office LLC · 10 yrs held
Grape Office LLC
since 2016
7 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
$38 / 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
$125,057
Tax year 2023
Assessed value
$7,780,000
Assessed 2024
Previous assessed
$7,459,695
+4.3% YoY
Effective rate
1.61%
On assessed value
Assessed land
$911,098
Assessed improvement
$6,868,902
Land market value
$911,098
Improvement market value
$6,868,902
Total market value
$7,780,000
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
1985
Heating
NONE
Stories
1
Total area
51,112 SF
Lot
2.18 ac (94,917 SF)
APN
16060-15-C
UPID
US82-2548816
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
1985
Heating
NONE
Stories
1
Lot
2.18 ac
Current owner
From public records · entity-resolved
Grape Office LLC
Entity
Mailing address
750 N SAINT PAUL ST STE #250, DALLAS, TX 75201-3206
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2026
—
Grape Office LLC
—
Deed
related
$2,750,000 · Texas Bank And Trust Co
Sep 25, 2020
—
Grape Office LLC
—
Deed
related
$9,204,750 · Texas Bk
Jun 30, 2016
—
Grape Office LLC
Grapevine Main & Main LLC
Quit Claim Deed
related
$8,104,097 · Texas Bk
Oct 14, 2015
—
Grapevine Main & Main LLC
Harry Hines Medical Center Ltd
Grant Deed
$8,200,000 · Prosperity Bk
Dec 27, 2005
—
Harry Hines Medical Center Ltd
Westwood Group Ltd
Grant Deed
$9,460,000 · Column Financial INC
—
—
Westwood Group Ltd
—
Deed Of Trust
related
$4,568,377 · Texas Bank
—
—
Grape Office LLC
—
Deed Of Trust
related
$9,204,750 · Texas 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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