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280 Commerce St
Southlake, TX 76092 Grapevine

$22,850,000 USD

Office For Sale  •  105,000 SF

Property Details

• Property Type Office
• Total Building Size 105,000 SF
• Lot Size 4.15 AC
• Building Class B
• Year Built 1986
• Cap Rate 7.72 %
• Tenancy Multiple
• Zoning F1

20 Transit Score

60 Walk Score

Highlights

99% occupied, ±105,000 SF lifestyle center with Triple-net leases and no options

Diverse mix of internet-resistant, experience-based tenants including youth sports and fitness

Southlake ranks #8 among nation's most affluent communities; avg HH income $171,556

Offered at $218/SF — attractive basis with current avg rent of $18/SF, below market comps

Over $700,000 in recent CAPEX including $392,000 silicone roof and $300,000 parking lot work

WALT ±3.13 years; 45.8% of tenants in place 5+ years, 16.7% in place 10+ years

Property Flyers

Southlake Commons - Condensed OM (1)

Cap Rate:

7.72 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Best Brains Learning Center		8/28/2030
Dance Arts Academy
Drama Club Studio
Emler Swim School
Little Things Kitchen
Red Door Escape Room		9/30/2026
Smart Quest Academy
Southlake Baseball Academy
Southlake Gymnastics		12/31/2034
Southlake Strength & Fitness		12/31/2029

Public Transportation

Airport	Drive	Walk	Distance
Dallas-Fort Worth International	11 min	-	7.2 mi
Dallas Love Field	30 min	-	20.9 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	129
Type:	Surface
Included in Rent:	Yes