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3801 William D Tate Ave
Grapevine, TX 76051
121 Business Center · Office Property For Sale
Investment Highlights
- Located on William D Tate Avenue with excellent exposure from State Highway 121.
- Provides convenient access to Highway 360 and surrounding business districts.
- Seven-minute drive to Baylor Scott & White Hospital, reinforcing medical tenancy appeal.
- Just ten minutes from Dallas/Fort Worth International Airport, a central hub for logistics and corporate travel.
- Features 226 surface parking spaces supporting high tenant demand.
- Solid occupancy with opportunity for lease-up or medical space expansion.
Executive Summary
121 Business Center presents an exceptional opportunity to acquire a well-located medical and office flex property in the thriving city of Grapevine, Texas. Encompassing approximately 49,657 square feet across 4.83 acres, this multi-tenant facility offers both stability and upside through its existing lease structure and vacancy for potential repositioning. The property is currently 72.72% leased, generating an annual rent income of approximately $857,600, with an average remaining lease term of 2.1 years.
Situated just minutes from Dallas/Fort Worth International Airport, the asset provides outstanding connectivity to the Metroplex via SH-121 and Highway 360. The building features ample parking with 226 surface spaces, convenient access points, and visibility from major roadways. These location attributes are complemented by proximity to key regional draws including Baylor Scott & White Hospital and major retail corridors. This combination of visibility, accessibility, and demand-driven tenant base positions the property as an attractive investment with strong market fundamentals.
Situated just minutes from Dallas/Fort Worth International Airport, the asset provides outstanding connectivity to the Metroplex via SH-121 and Highway 360. The building features ample parking with 226 surface spaces, convenient access points, and visibility from major roadways. These location attributes are complemented by proximity to key regional draws including Baylor Scott & White Hospital and major retail corridors. This combination of visibility, accessibility, and demand-driven tenant base positions the property as an attractive investment with strong market fundamentals.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
49,657 SF
Building Class
B
Year Built
2000
Price
$6,400,000
Price Per SF
$128.88
Percent Leased
73%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
49,657 SF
Building FAR
0.24
Lot Size
4.83 AC
Zoning
CC, Grapevine - Community Commercial
Parking
226 Spaces (4.55 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 07692382 | Improvements Assessment | $4,336,322 |
| Land Assessment | $1,263,678 | Total Assessment | $5,600,000 |
Property Taxes
Parcel Number
07692382
Land Assessment
$1,263,678
Improvements Assessment
$4,336,322
Total Assessment
$5,600,000
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