4815 State Highway 121 The Colony, TX 75056
New
- Added:
- Apr 23, 2026
- Days on Market:
- 2
- Last Refresh:
- Apr 24 at 12:06 pm
Property Features for 4815 State Highway 121
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Standard status
- Active
- APN
- 671354
- Lot size
- 0.04 Acres
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 2015
- Flooring type
- Engineered Wood
- Building materials
- Brick
- Roof type
- Composition
- Architectural style
- Other
Listing agent Jennifer Permenter License #0397828 (214) 294-4400
Listing office Younger Partners Dallas, LLC 14643 Dallas Pkwy #950 LB58, Dallas, TX (214) 294-4400
Listing date Apr 23, 2026
MLS# 21249192
Listing URL
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Overview
Single-Tenant Office Condo on SH 121
This single-tenant office condo fronts State Highway 121, presenting a low-maintenance investment opportunity in a rapidly growing North Texas corridor. The property offers passive income through an NNN lease, characterized by minimal landlord responsibilities and potential for increased value due to below-market rent. Renewal options provide both immediate cash flow and long-term value. The interior was finished in 2024 and includes 7 rooms, 2 restrooms, 2 showers, and 1 break room. Plumbing is available in all 7 rooms, along with washer and dryer hookups and showers, making it suitable for professional or medical users. Pylon signage along State Highway 121 provides high visibility and branding opportunities. The property is currently occupied by a stable tenant, generating a net annual income of $46,800, with a strong likelihood of lease renewal. Zoned PD 11, the property accommodates a range of uses, including medical, dental, general offices, personal services, and tutor centers. The building is located among multiple established medical clinics, creating synergy and consistent foot traffic. Situated in a dense commercial environment within an affluent area, the location boasts an average household income of $150,000 and has experienced over 12% population growth since 2020. The property is suitable for both investors and owner-users and is managed by the 121 Office Plaza Condominium Association. The lot size is 0.0447 acres.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Office Units
Location Insight
- Map
- Local Demand
- City
- The Colony
- County
- Denton
- State
- Texas
- Longitude
- -96.88651
- Latitude
- 33.068068
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - High-visibility office condo with stable tenant and renewal potential.
Where is this office units located?
The property is located at 4815 State Highway 121 The Colony, TX.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: High‑performing, low‑maintenance investment property offering passive income through NNN lease.; Below‑market rent with renewal options provides immediate cash flow and long‑term value.; **High visibility with prominent pylon signage along SH 121 for strong branding exposure.**
