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    Highway 121 Flex Warehouse Space Title is generated by Realmo AI

    9020 S State Highway 121, Trenton, TX 75418

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    For Lease
    $4,000 /Mo

    Warehouse - Trenton, TX

    Type:Warehouse
    Lot size:
    0.16 Acres
    Added:
    Aug 25, 2025
    Days on Market:
    262
    Last Refresh:
    May 13 at 3:06 am

    Property Features for 9020 S State Highway 121

    General Information

    Property type
    Other
    Property subtype
    Warehouse
    Property condition
    New Construction
    Parking features
    Assigned, Parking Lot
    Standard status
    Active
    APN
    138253
    Lot size
    0.16 Acres

    Utilities

    Heating system
    None (Heating)

    Building Details

    Year built
    2025
    Flooring type
    Concrete
    Building materials
    Concrete, Metal Siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Maureen Henderson

    Listing agent Maureen Henderson License #0708946

    Listing office Fathom Realty LLC 2150 S. Central Expressway, Colleyville, TX

    Listing date Aug 25, 2025

    MLS# 20846967 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.

    HighLights

    • First and last month rent free, plus locked‑in rate for the second year.
    • Flexible warehouse space, divisible into 4,800, 3,600, 2,400, or 1,200 sq ft units.
    • All utilities included: electric, water, sewer, trash, and high‑speed internet.
    • Newly constructed in 2025 with concrete and metal siding.
    • Benefit from 18‑20 foot ceiling heights and 12' wide x 14' high roll‑up doors.
    • Owner will build to suit.

    Overview

    Newly constructed flex warehouse space is available on Highway 121. The warehouses feature foam insulation and ceiling heights of 18 to 20 feet. Each unit includes an ADA-compliant bathroom and a 12-foot wide by 14-foot high roll-up door. All utilities are included: electric, water, sewer, trash, and high-speed internet. The warehouse spaces offer flexibility in size, with options to divide the 4,800 square feet space into 3,600 square feet, 2,400 square feet, or even 1,200 square feet units. The owner offers build-to-suit options. Phase One is completed. The location is 9020 S State Highway 121, Trenton, TX 75418.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Gym & Fitness Center Department Store HVAC Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Trenton
    County
    Fannin
    State
    Texas
    Longitude
    -96.2748303
    Latitude
    33.4695592

    Nearby Similar for Lease

    • $1,400/Mo

      New Flex Warehouse on Highway

      Newly constructed flex warehouse space with utilities included on Highway 121.
      9020 S State Highway 121, Trenton, TX 75418
      View Details
    • $4,800/Mo

      Highway 121 Flex Warehouse Space

      Newly constructed flex warehouse space on Highway 121 in Trenton.
      9020 S State Highway 121, Trenton, TX 75418
      View Details
    • $2,800/Mo

      New Flex Warehouse on Highway

      Newly constructed flex warehouse space with utilities included on Highway 121.
      9020 S State Highway 121, Trenton, TX 75418
      View Details
    • $4,000/Mo

      Highway 121 Flex Warehouse Space

      Newly constructed flex warehouse space with utilities included on Highway 121.
      9020 S State Highway 121 #2, Trenton, TX 75418
      View Details

    FAQs

    What type of property is this?
    Warehouse - Newly constructed flex warehouse space with utilities included on Highway 121.
    Where is this warehouse located?
    The property is located at 9020 S State Highway 121 Trenton, TX.
    What is the lease rate?
    The lease rate is $4,000 /Mo.
    What are key features of this property?
    This property features: First and last month rent free, plus locked‑in rate for the second year.; Flexible warehouse space, divisible into 4,800, 3,600, 2,400, or 1,200 sq ft units.; All utilities included: electric, water, sewer, trash, and high‑speed internet.
    (888) 455-6040
    We can help!
    Listing Contact
    Maureen Henderson
    Real Estate License ID: 0708946
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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