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    747 Grapevine Hwy Hurst, TX 76054-2805
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    Property profile & analytics

    747 Grapevine Hwy Hurst, TX 76054-2805

    View on Map
    • Warehouses
    • 59,620 SF
    • 4.53 lot acres
    Off-Market
    Property ID
    US82-3179794
    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.
    Value Estimations
    $2,095,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Public Storage / Storage Facility

    Property Details for 747 Grapevine Hwy

    Year built
    2001
    Lot size
    4.53 lot acres
    Property size
    59,620 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    25278--2R
    APU
    252782R

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,290,000
      Current use
      RETAIL STORES
      $3,125,000
      Change: +36% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $2,350,000
      Change: +3% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Hurst
    County
    Tarrant
    State
    Texas
    Longitude
    -97.181
    Latitude
    32.8585
    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
    $82,285
    $1,777,303
    $2,445,778
    $4,223,081
    -
    $1,777,303
    $2,445,778
    $4,223,081

    Comparable in this City

    • Value Estimation
      $1,740,000
      71,250 SF

      904 Grapevine Hwy

      MINI-WAREHOUSE, STORAGE • 71,250 SF
      904 Grapevine Hwy, Hurst, TX 76054-3184
      View Details
    • Value Estimation
      $1,720,000
      53,633 SF

      88 Grapevine Hwy

      MINI-WAREHOUSE, STORAGE • 53,633 SF
      88 Grapevine Hwy, Hurst, TX 76054-2299
      View Details
    • Value Estimation
      $3,420,000
      134,787 SF

      755 Grapevine Hwy

      MINI-WAREHOUSE, STORAGE • 134,787 SF
      755 Grapevine Hwy, Hurst, TX 76054
      View Details
    • Value Estimation by Request
      3,665 SF

      7720 Precinct Line Rd

      WAREHOUSE, STORAGE • 3,665 SF
      7720 Precinct Line Rd, Hurst, TX 76054
      View Details
    • Value Estimation by Request
      6,090 SF

      7720 Precinct Line Rd

      WAREHOUSE, STORAGE • 6,090 SF
      7720 Precinct Line Rd, Hurst, TX 76054
      View Details
    • Value Estimation by Request
      230,778 SF

      602-754 Grapevine Hwy

      Retail properties & Spaces • 230,778 SF
      602-754 Grapevine Hwy, Hurst, TX 76054
      View Details

    Similar Nearby for Sale

    • $594,998
      Pending

      Stand Alone Office Building

      Well-laid out office building with flexible space and ample amenities.
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    • $1,500,000

      Hurst Office Building For Sale

      Office building with 5795 square feet available for sale.
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    • $1,030,146

      Prestigious Single-Story Office Building

      Well-located office building with upscale finishes and private patio.
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    • Contact for pricing
      1,850 SF

      Dual-Property Commercial Opportunity

      Two adjacent properties suitable for commercial or mixed-use applications.
      757 Lonesome Dove Trl, Hurst, TX 76054
      View Details
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      Commercial Lot on Precinct Line

      Vacant commercial lot in established Mid-Cities commercial corridor.
      6134 Precinct Line Rd, Hurst, TX 76054
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      Upscale Salon on Harwood Road

      Stand-alone building remodeled in 2022, currently an upscale salon.
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Parkwood Village

      Retail leasing opportunity in high-traffic Hurst, Texas shopping center.
      103-217 E Harwood Rd, Hurst, TX 76054
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    • Contact for pricing

      Premier Commercial Center in Hurst

      Versatile retail, office, and medical space in a prime location.
      109 W Harwood Rd, Hurst, TX 76054
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      Retail Space in Hurst Corridor

      Retail space available in a strong retail corridor.
      1804-1836 Precinct Line Rd, Hurst, TX 76054
      View Details
    • Contact for pricing
      3,337 SF

      Medical Office Space Available

      3,337 SF medical office space for lease.
      501-503 W Harwood Rd, Hurst, TX 76054
      View Details
    • Contact for pricing
      2,180 SF

      Hurst Office or Medical Space

      Office or medical space with ample parking and storage.
      2000 Precinct Line Rd, Hurst, TX 76054
      View Details
    • Contact for pricing
      3,762 SF

      Hurst Medical Office Space

      Medical office space with high visibility and accessibility in Hurst.
      466 Mid Cities Blvd, Hurst, TX 76054
      View Details
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    Hurst, TX 76054-2805
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    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
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