Remodeled Colleyville Office/Warehouse
For Sale
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120 Acuff Ln, Colleyville, TX
Remodeled flex space in Colleyville with CC-3 zoning.
Property Size3,930 SF
Lot Size0.47 Acres
Price / SF$227.74
Days on Market801
Property Features for 120 Acuff Ln
General Information
Standard status
Active
Size
3,930 SF
Lot size
0.47 Acres
Property subtype
OFFICE
Listing Agency:
Structure Commercial
(214) 373-8300
Listed By:
Troy Morgan, CCIM · License #543987
(817) 714-8395
Source:
Moodyscre
Added: Aug 13, 2024
Changed: Oct 2
Last Checked: Oct 20 at 7:45PM
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 Structure Commercial
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,930-square-foot property in Colleyville has been fully remodeled. It is zoned CC-3, offering flexibility for professional office, medical, and office warehouse uses. The property features an electric entrance gate and a separate climate-controlled shop space with two grade-level doors. It is located one block from Colleyville Boulevard/Boulevard 26.
Key Highlights
- CC‑3 zoning: flexible and great for Professional Office, Medical and Office Warehouse
- Fully remodeled in much sought‑after Colleyville
- Separate climate‑controlled shop space with two (2) grade level doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,910
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,358,200
$1.4M
Cap Rate 7%
$970,143
$970.1K
Cap Rate 9%
$754,556
$754.6K
Market Conditions
NOI Build-Up for 3,930 SF
Gross rent
$120.7K $30.72/SF
− Vacancy
−$30.2K −$7.68/SF
EGI
$90.5K $23.04/SF
− OpEx
−$22.6K −$5.76/SF
NOI
$67.9K $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 Rate 5%
$1,358,200
Cap Rate 7%
$970,143
Cap Rate 9%
$754,556
Alternative Uses
Best Use
Office B
$970.1K
$848.9K – $1.13M
NOI $67,910 @ 7.0% cap · market cap 7.59%
Second Best
Flex RnD
$616.6K
$539.5K – $719.4K
NOI $43,161 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,772 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
615
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Remodeled flex space in Colleyville with CC-3 zoning.
Where is this office unit located?
The property is located at 120 Acuff Ln Colleyville, TX.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: CC‑3 zoning: flexible and great for Professional Office, Medical and Office Warehouse; Fully remodeled in much sought‑after Colleyville; Separate climate‑controlled shop space with two (2) grade level doors
