Multi-Tenant Office
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1117 West Glade Road, Colleyville, TX 76034
Four-suite office property with full occupancy and a recently replaced roof.
Property Size5,526 SF
Price / SF$398.12
Days on Market7
Property Features for 1117 West Glade Road
General Information
Standard status
Active
Size
5,526 SF
Property subtype
Office
Occupancy
100%
Additional Details
Office Units
4
Building Details
Year Built
2009
Buildings
1
Building Size
5,526 SF
Tenancy
Multi
Listing Agency:
Keller Williams Realty DFW
Listed By:
Thomas Murphy · License #784125
Source:
Crexi
Added: Sep 8
Changed: Sep 13
Last Checked: Sep 13 at 4:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty DFW
Investment Insights
Based on property information with market context.
This office building contains 5,526 square feet arranged across four distinct suites. Constructed in 2009, the property is fully occupied and designed for multi-tenant use. A complete roof replacement was completed in 2025, adding a recent capital improvement to the building’s physical profile.
The property is located at 1117 West Glade Road in Colleyville, Texas. Its suite configuration supports separate occupancy within a single office asset while preserving the building’s established multi-tenant layout.
The property is located at 1117 West Glade Road in Colleyville, Texas. Its suite configuration supports separate occupancy within a single office asset while preserving the building’s established multi-tenant layout.
Key Highlights
- 5,526‑square‑foot office building
- 100% occupied multi‑tenant property
- Four distinct office suites
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$95,489
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.34%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,909,780
$1.9M
Cap Rate 7%
$1,364,129
$1.4M
Cap Rate 9%
$1,060,989
$1.1M
Market Conditions
NOI Build-Up for 5,526 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$169.8K $30.72/SF
− Vacancy
−$42.4K −$7.68/SF
EGI
$127.3K $23.04/SF
− OpEx
−$31.8K −$5.76/SF
NOI
$95.5K $17.28/SF
Area
Tarrant County, TX
Vacancy
25.00%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,909,780
Cap Rate 7%
$1,364,129
Cap Rate 9%
$1,060,989
Alternative Uses
Best Use
Office B
$1.36M
$1.19M – $1.59M
NOI $95,489 @ 7.0% cap · market cap 4.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.94M
$1.70M – $2.27M
NOI $136,072 @ 7.0% cap · market cap 6.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Office units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,062
Businesses Nearby
Explore this area
Business Placement
Demographics for 76034, TX
25,988
Population
9,600
Households
2.7
Avg Household Size
48
Median Age
70%
College-Educated
99%
High-School Grad
13.1 sq mi
ZIP Area
1,984
Density / Sq Mi
$203,157
Median Household Income
$92,142
Median Earnings
$3,194
Median Rent
$717,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Four-suite office property with full occupancy and a recently replaced roof.
Where is this office building located?
The property is located at 1117 West Glade Road Colleyville, TX.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 5,526‑square‑foot office building; 100% occupied multi‑tenant property; Four distinct office suites
