Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space on State Highway Title is generated by Realmo AI

    4568 State Hwy 121, Plano, TX

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail space with high visibility and traffic in Plano, TX.

    Type:RETAIL
    Property size:
    2,500 SF
    Lot size:
    0.84 Acres
    Added:
    Feb 12, 2024
    Days on Market:
    843
    Last Refresh:
    May 20 at 9:06 pm

    Property Features for 4568 State Hwy 121

    General Information

    Standard status
    Active
    Size
    2,500 SF
    Lot size
    0.84 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 4568 State Hwy 121 Contact us

    We can help!

    Listing Contact
    Baylor Worman
    Baylor Worman

    Listing agent Baylor Worman License #784561

    Listing office Matthews Real Estate Investment Services | Dallas

    Listing date Feb 12, 2024

    Source Moodyscre

    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 Matthews Real Estate Investment Services | Dallas

    HighLights

    • Direct frontage/access along State Highway 121 (±110,000 VPD)
    • Trade area (±0.5 mile radius) sees approximately ±1,000,000 visitors annually
    • Adjacent to Mustang Square: a mixed‑use development
    • Traffic generators include Walmart, Home Depot, & Sam’s Club
    • Near Stonebriar Mall, Legacy West, The Shops at Legacy, The Star, & Frisco Station
    • Mustang Square consists of residential, medical office, food hall, & ±10,000 SF of retail/restaurant tenants

    Overview

    This retail space offers direct frontage and access along State Highway 121, which experiences approximately 110,000 vehicles per day. The trade area, within an approximate 0.5-mile radius, attracts around 1,000,000 visitors annually. Traffic generators in the vicinity include Walmart, Home Depot, and Sam’s Club. The property is adjacent to Mustang Square, a mixed-use development featuring residential units, medical offices, a food hall, and approximately 10,000 square feet of retail and restaurant tenants. It is also located near Stonebriar Mall, Legacy West, The Shops at Legacy, The Star, and Frisco Station. The property offers 2,500 square feet of retail space in Plano, TX.
    Property Profile Location Intelligence

    Current Use by Public Records

    North Texas Water ... Home Appliance Store We Fix It ... Computer & Electronic Repair Batteries Plus Auto Parts Store Universal Billiards (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Plano
    County
    Collin
    State
    Texas
    Longitude
    -96.7947
    Latitude
    33.1004

    Nearby Similar for Lease

    • $17 SF/Yr
      1,596 SF

      Second-Generation Medical Office Suite

      Ready-to-occupy suite with reception, exam rooms, and private offices, supported by ample parking and convenient access.
      2145 W Park Boulevard, Plano, TX 75075
      View Details
    • $3,000/Mo

      Turnkey Office Suite with Two Entrances

      Move-in-ready office space with flexible layout, executive offices, and shared conference, restrooms, and lounge areas.
      4116 W Spring Creek Parkway, Plano, TX 75024
      View Details
    • $500/Mo

      All-Inclusive Executive Workstations

      Move-in ready, all-inclusive workstations with high-speed internet, utilities, mail handling, and shared executive amenities.
      4116 W Spring Creek Parkway, Plano, TX 75024
      View Details
    • $1,151/Mo

      Fully Furnished Private Office Suites

      Turnkey private offices with receptionist, utilities, janitorial, and shared conference access for streamlined day-to-day operations.
      5700 Tennyson Parkway, Plano, TX 75024
      View Details
    • $3,200/Mo

      Medical Office Space for Lease

      Office space with easy access to major highways, offering a reception-forward layout adaptable for medical use with minor remodeling.
      5204 N Village Creek Drive, Plano, TX 75093
      View Details
    • $1,900/Mo

      Office Suite with Rear Garage

      Well-maintained office with hardwood floors, private rooms, and rear garage space for storage or light warehouse needs.
      1004 18th Place, Plano, TX 75074
      View Details
    • $4,001/Mo

      Fully Furnished Private Office Space

      Move-in ready offices with onsite support, shared conference access, and business amenities for teams that value flexibility.
      5700 Tennyson Parkway, Plano, TX 75024
      View Details
    • $3,501/Mo

      Fully Furnished Private Office Suites

      Turnkey private offices with onsite reception, utilities, janitorial, and conference access, plus business phone lines and a 24/7 fitness center.
      5700 Tennyson Parkway, Plano, TX 75024
      View Details
    • $2,500/Mo

      Office Suite with Conference Room

      Configured for professional teams with multiple offices and a large conference room, supported by owner-paid operating expenses and ample parking.
      6300 Stonewood Drive, Plano, TX 75024
      View Details
    • $4,725/Mo

      Professional Office Suite with Reception

      Well-appointed office suite with multiple offices, reception, and assigned parking in a functional office building.
      5052 Tennyson Parkway, Plano, TX 75024
      View Details
    • $610/Mo

      Fully Furnished Coworking Private Offices

      Move-in ready private offices with receptionist, utilities, janitorial, conference room access, and shared business amenities.
      6275 W Plano Parkway, Plano, TX 75093
      View Details
    • $4,925/Mo

      Fully Furnished Private Office Suites

      Move-in ready private offices with onsite reception, utilities, janitorial, and access to conference rooms and shared amenities.
      6275 W Plano Parkway, Plano, TX 75093
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space with high visibility and traffic in Plano, TX.
    Where is this retail space located?
    The property is located at 4568 State Hwy 121 Plano, TX.
    What are key features of this property?
    This property features: Direct frontage/access along State Highway 121 (±110,000 VPD); Trade area (±0.5 mile radius) sees approximately ±1,000,000 visitors annually; Adjacent to Mustang Square: a mixed‑use development
    (214) 600-5525 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Baylor Worman
    Baylor Worman
    Real Estate License ID: 784561
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4568 State Hwy 121, Plano, TX
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!