Last 24 Hours
$850,050
NAL Estimated Property Value1018 W Northwest Hwy, Grapevine, TX, 76051
Off Market
— Beds
— Bath
4,500 Sq Ft
Business
$377.78 / sqft
Built in 1986Highlights
Interior
Bedrooms —
Bathrooms —FlooringConcrete
Exterior
Lot Size23,958 sqft
Building Information
Year Built1986
Land Information
APN24420-1-5
Lot Number5
SubdivisionLucas, W C Addition
Land UseCommercial
Legal DescriptionLUCAS, W C ADDITION BLOCK 1 LOT 5
Census Tract113714
Assessed Land Value$229,997
Assessed Improvement Value$620,053
Assessment Year2025
About this property
This is the perfect opportunity to buy an existing business in Old Town Grapevine. Business is grand-fathered to allow automotive service in this old historic area. Grapevine will no longer allow in Old Town automotive repair shops. This shop is extremely well maintained and can be bought and reopened the next day. Seller will convey most of the contents. Climate controlled in offices, lobby and lunch area - swamp coolers and heater in shop area Lobby, 7 bays, lunch room, 2 private offices, 3 restrooms
Investor Tools
$850,050
Estimated Property Value
$115,677Estimated Mortgage Balance
$734,373Estimated Equity
86% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,200 /month
Positive
Cash Flow Estimate:
$3,400 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$687/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,988
$850,050
2025
$229,997
$620,053
$850,050
No
Tax History
Year
Tax Paid
Assessed Value
2024
$3,988
$850,050
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Independent Bank
Purchase Money Mortgage
$127,400
No
First
Jul 8, 2021
Jul 2041
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$115,677
$734,373
86%
14%
$764/mo
12.4%