2401 Bass Pro Dr, Grapevine, TX 76051 – Hotel/Motel, Low-rise (1 - 3 stories)

ServiceYear Built 1998Total Assessed Value $78,626,442County Tarrant

Property Details

The Service property 2401 Bass Pro Dr, Grapevine, TX 76051 is located in Tarrant County. The specific property type is Hotel/Motel, Low-rise (1 - 3 stories). The total assessed value of this property is $78,626,442.

The gross building area is 329,353 square feet and the land area is 344,221 square feet for this Hotel/Motel, Low-rise (1 - 3 stories) built in 1998.

Legal description: Grapevine Mills Ph 2 Addition Block 1 Lot 1A

$78,626,442

Market Value

8.25%

Cap Rate

N/A

NOI

N/A

Occupancy

$129,047,132

Avg Rent

Property Image of 2401 Bass Pro Dr, Grapevine, TX 76051, Service

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Property Information

Property TypeService

Sub Property TypeHotel/Motel, Low-rise (1 - 3 stories)

Building Area329,353

Land Size344,221

Land Value$3,786,431

Improved Value$74,840,011

Total Assessed Value$78,626,442

Year Built1998

County NameTarrant

Account Number07056567

Cap Rate8.25%

Very Walkable

Good Transit

Bikeable

Amenities

HeatingNone

Type ConstructionOther

No of Stories12

Number of Units329

Sales History

11/9/2020

Arms-lengthNot Disclosed

Buyer

Wells Fargo Commercial Mtg Svc

Seller

Atrium Finance I Lp

Book Number

2020.293816

Recording Date

11/9/2020

Transaction Details

Wells Fargo Commercial Mtg Svc acquired the property from Atrium Finance I Lp through a Arms-length transaction on 11/9/2020 for .

11/9/2020

Arms-lengthNot Disclosed

Buyer

Wells Fargo Commercial Mtg Svc

Seller

Atrium Finance I Lp

Book Number

2020.293816

Recording Date

11/9/2020

Transaction Details

Wells Fargo Commercial Mtg Svc acquired the property from Atrium Finance I Lp through a Arms-length transaction on 11/9/2020 for .

10/6/2005

Arms-lengthNot Disclosed

Buyer

Atrium Finance I Lp

Seller

Book Number

D205296438

Recording Date

10/6/2005

Transaction Details

Atrium Finance I Lp acquired the property from through a Arms-length transaction on 10/6/2005 for .

12/12/1997

Other$3,000,000

Buyer

John Q Hammons Hotel Two Lp

Seller

Grapevine Mills Res Ltd Etal

Book Number

Recording Date

12/12/1997

Transaction Details

John Q Hammons Hotel Two Lp acquired the property from Grapevine Mills Res Ltd Etal through a Other transaction on 12/12/1997 for $3,000,000.

Property constructed in 1998

YSale Price (USD) byXSales Year

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Mortgage History

12/1/2017

Arms length residential transactions purchase or resales$600,000

Borrower

Atrium Trs L P

Lender

Book Number

2017.286067

Recording Date

12/1/2017

Transaction Details

Atrium Trs L P borrowed the property from through a Arms length residential transactions purchase or resales transaction on 12/1/2017 for $600,000.

9/18/2015

Sale$585,000,000

Borrower

Atrium Finance I Lp

Lender

Jpmorgan Chase Bank Na

Book Number

2015.217804

Recording Date

9/18/2015

Transaction Details

Atrium Finance I Lp borrowed the property from Jpmorgan Chase Bank Na through a transaction on 9/18/2015 for $585,000,000.

Property constructed in 1998

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Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2026	$3,786,431	$86,636,384	$90,422,815	$90,422,815	Atrium Finance I Lp	12735 Morris Rd Ste ...	Grapevine Mills Ph 2...	Motelhotel	16071J	344,221	329,353
2025	$3,786,431	$74,840,011	$78,626,442	$78,626,442	Atrium Finance I Lp	12735 Morris Rd Ste ...	Grapevine Mills Ph 2...	Motel/Hote	Motel/Hotel General	344,221	329,353
2024	$3,786,431	$45,213,569	$49,000,000	$49,000,000	Atrium Finance I Lp	12735 Morris Rd Ste ...	Grapevine Mills Ph 2...	Motel/Hote	Motel/Hotel General	344,221	329,353
2023	$3,786,431	$41,713,569	$45,500,000	$45,500,000	Atrium Finance I Lp	12735 Morris Rd Ste ...	Grapevine Mills Ph 2...	Motel/Hotel General	Motel/Hotel General	344,221	329,353
2022	$3,786,431	$35,213,569	$39,000,000	$39,000,000	Atrium Finance I Lp	12735 Morris Rd Ste ...	Grapevine Mills Ph 2...	Motel/Hote	Motel/Hote	344,221	329,353
2021	$3,786,431	$33,294,544	$37,080,975	$37,080,975	Atrium Finance I Lp	12735 Morris Rd Ste ...	Grapevine Mills Ph 2...	Motel/Hote	Motel/Hote	344,221	329,353
2020	$3,786,431	$41,213,569	$45,000,000	$45,000,000	Atrium Finance I Lp	12735 Morris Rd Ste ...	Grapevine Mills Ph 2...	Motel/Hote	Motel/Hote	344,221	329,353
2019	$3,786,431	$41,213,569	$45,000,000	$45,000,000	Atrium Finance I Lp	12735 Morris Rd Ste ...	Grapevine Mills Ph 2...	Motel/Hote	Motel/Hote	344,221	329,353
2018	$3,786,431	$30,213,569	$34,000,000	$34,000,000	Atrium Finance I Lp	12735 Morris Rd Ste ...	Grapevine Mills Ph 2...	Motel/Hote	Motel/Hote	344,221	329,353
2017	$3,786,431	$31,713,569	$35,500,000	$35,500,000	Atrium Finance I Lp	2398 E Camelback Rd ...	Grapevine Mills Ph 2...	Motel/Hote	Motel/Hote	344,221	329,353

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Showing 1 to 10 of 18 entries

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Rent & Occupancy

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Comparables

Address ↕	Assessors Parcel Number ↕	Property Type ↕	Property Sub Type ↕	Owner Name ↕	County ↕	Miles ↕	Sale Price ↕	Sale Date ↕	Price / SF ↕	Year Built ↕	GBA ↕	Units ↕
2401 Bass Pro Dr, Grapevine, TX 76051	07056567	Service	Hotel/Motel, Low-rise (1 - 3 stories)	Atrium Finance I Lp	Tarrant	-	-	-	-	1998	329,353	329
14315 Midway Rd, Addison, TX 75001	100006800A0020000	Service	Hotel/Motel, Low-rise (1 - 3 stories)	Apf Dallas Llc	Dallas	12.0	$ 18,272,308	2025-08-16	$ 66.81	1984	273,481	429
3005 Airport Fwy, Bedford, TX 76021	04893379	Service	Hotel/Motel, Low-rise (1 - 3 stories)	Dallas Restore Llc	Tarrant	9.2	$ 5,000,000	2025-04-01	$ 39.21	1985	127,528	243
1900 Gateway Blvd Unit187, Mckinney, TX 75069	2639056	Service	Hotel/Motel, Low-rise (1 - 3 stories)	Lxmi Mckinney Hotel Property Owner Llc	Collin	27.6	$ 36,176,000	2024-11-20	$ 225.98	2014	160,087	187
3701 Tanacross Dr, Fort Worth, TX 76137	07039778	Service	Hotel/Motel, Low-rise (1 - 3 stories)	Supreme Bright Fossil Creek Ii	Tarrant	16.7	$ 15,228,500	2024-10-31	$ 140.74	1998	108,201	137
6007 Legacy Dr Unit304, Plano, TX 75024	2757885	Service	Hotel/Motel, Low-rise (1 - 3 stories)	Pr Hotelier Llc	Collin	15.3	$ 136,000,000	2023-06-30	$ 493.72	2015	275,457	304
1301 Solana Blvd, Westlake, TX 76262	06387586	Service	Hotel/Motel, Low-rise (1 - 3 stories)	Supreme Bright Westlake I Llc	Tarrant	7.4	$ 11,571,000	2023-09-26	$ 47.36	1990	244,297	294
74 N Interstate Hy 35, Austin, TX 78701	190912	Service	Hotel/Motel, Low-rise (1 - 3 stories)	68 East Avenue Austin Llc	Travis	191.9	$ 60,937,500	2024-08-07	$ 358.13	2022	170,156	-
5805 Granite Pkwy, Plano, TX 75024	2615448	Service	Hotel/Motel, Low-rise (1 - 3 stories)	5805 Granite Pkwy Owner Llc	Collin	16.0	$ 86,000,000	2023-06-20	$ 289.08	2013	297,500	120
5660 N Interstate Hy 35, Austin, TX 78751	225501	Service	Hotel/Motel, Low-rise (1 - 3 stories)	Auscy187 Llc	Travis	187.5	$ 26,733,000	2023-02-18	$ 251.52	1985	106,287	198
400 Lavaca St, Austin, TX 78701	877673	Service	Hotel/Motel, Low-rise (1 - 3 stories)	Rb Zaza Austin Llc	Travis	191.4	$ 77,805,000	2024-12-09	$ 513.38	2019	151,553	159

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Nearby Lenders

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Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	2401 Bass Pro Dr, Grapevine, TX 76051	—	-	344,221	1998	329,353	$ 78,626,442	$ 3,786,431	-
Arvest Bank	1155 Northpoint Dr, Coppell, TX 75019	08/06/2025	$ 13,600,000	120,360	2020	89,440	$ 17,116,960	$ 962,880	Rishi Investment Properties Ll
Bank Of The Orient	2050 N State Hwy 360, Grand Prairie, TX 75050	07/29/2025	$ 6,500,000	64,512	1986	57,069	$ 3,410,298	$ 322,560	Amco Partners Ltd
Arvest Bank	1920 Lakepointe Dr, Lewisville, TX 75057	06/17/2025	$ 6,933,290	100,216	1998	62,869	$ 7,921,403	$ 1,403,024	Lewisville Hospitality Lp
Veritex Community Bank	1001 Airport Fwy W, Euless, TX 76039	06/11/2025	$ 3,556,000	104,979	1980	48,820	$ 4,025,555	$ 839,832	Maa Sharda Llc
Lone Star State Capital Corpor	4940 W Airport Fwy, Irving, TX 75062	05/01/2025	$ 2,291,000	100,623	1996	45,768	$ 4,993,260	$ 402,490	Richis Hotel Dfw Llc
Guaranty Bank & Trust Na	4103 Belt Line Rd, Addison, TX 75001	04/16/2025	$ 1,350,000	99,622	1984	45,918	$ 4,670,120	$ 1,992,440	Diwali Addison Llc
First Fidelity Bank	1301 Chisholm Tr, Euless, TX 76039	04/14/2025	$ 11,225,991	35,904	2017	90,333	$ 12,217,471	$ 215,424	Euless Hotels Llc
State Bank Of Texas	1809 State Hwy 121, Bedford, TX 76021	03/28/2025	$ 3,600,000	70,144	2008	58,677	$ 5,071,000	$ 455,936
Monterey County Bank	4940 W Airport Fwy, Irving, TX 75062	03/11/2025	$ 3,745,983	100,623	1996	45,768	$ 4,993,260	$ 402,490	Richis Hotel Dfw Llc
Guaranty Bank & Trust	700 Hebron Pkwy, Lewisville, TX 75057	02/11/2025	$ 4,810,000	131,246	1995	75,574	$ 7,486,898	$ 1,181,214	Dhanjayanti Hospitality Inc

Mean$ 76,861,183

Median$ 6,088,000.0

Loan Amount Range$ 1,190,000 - $ 1,300,000,000

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Tenant Details

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Search:

Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
2401 BASS PRO DR, GRAPEVINE, TX 76051-2043	EMBASSY SUITES	9727242600	BANQUET ROOMS
2401 BASS PRO DR, GRAPEVINE, TX 76051-2043	EMBASSY SUITES	9727242600	WEDDING & RECEPTION SITES
2401 BASS PRO DR, GRAPEVINE, TX 76051-2043	EMBASSY SUITES	9727242600	HOTELS & MOTELS

Showing 1 to 3 of 3 entries

Tenant Industry Distribution

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License Details

License Number

14316963967

Permit Holders

Issued By

Sales Tax Permit Holders

State Authority

Issue Date

4/18/2022

Original Issuance

Expire Date

-

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	ATRIUM HOTELS TWO, LP
	Address Line	12735 morris road ext ste 400
	City / State / Zip	alpharetta GA 30004
Entity Information	Entity Type	-
Entity Information	Business Type	-
Zoning Information	Zoning	-
Government Codes	FIPS Code	48439
Government Codes	Census Tract	-
Postal Information	ZIP Status Code	30004
Registration Details	SOS Code

License Timeline

License Issued

4/18/2022

Currently Active

Status: -

Renewal Required

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