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    Newly Built Warehouse Suites Title is generated by Realmo AI

    14333 FM 121 Highway, Van Alstyne, TX 75495

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    Claim this Listing
    For Lease
    $2,450 /Mo

    COMMERCIAL - Van Alstyne, TX

    Lot size:
    1.86 Acres
    Added:
    Apr 24, 2026
    Days on Market:
    42
    Last Refresh:
    Jun 4 at 11:06 am

    Property Features for 14333 FM 121 Highway

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking features
    Assigned
    Standard status
    Active
    APN
    134057
    Lot size
    1.86 Acres

    Taxes and HOA fees

    Tax Description
    G-0956 PRUETT SAMUEL A-G0956, ACRES 1.8591

    Utilities

    Sewer type
    Aerobic Septic
    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, ENERGY STAR Qualified Equipment, Electric

    Building Details

    Year built
    2021
    Floors in Building
    1
    Number of units
    16
    Flooring type
    Laminate, Concrete
    Building materials
    AluminumSiding
    Roof type
    Metal

    We can help!

    Listing Contact
    Michael Wilson
    Michael Wilson

    Listing agent Michael Wilson License #0664901

    Listing office KMW Real Estate & Associates Anna, TX

    Listing date Apr 24, 2026

    MLS# 20885149

    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

    • Newly built (2021) warehouse suites on FM 121 in Van Alstyne, TX with current availability (Suite 4 and Suite 12) available now
    • Each suite is 1,650 SF and customizable, with office space and a reception area available in the top two leasing tiers
    • No triple net lease structure: tenant pays rent and power; landlord covers other fees including taxes, water, HVAC maintenance, and common area upkeep
    • Warehouse features include 16‑ft ceilings at the eaves, 25‑ft peak height, and 14‑ft bay doors plus LED lighting
    • Office areas offer 9‑ft ceilings and refined wood flooring, with tiled bathrooms
    • Three designated parking spaces per suite; metal roof, aluminum siding, central air with ENERGY STAR qualified equipment; aerobic septic

    Overview

    121 Business Park offers newly constructed warehouse suites configured to support both storage and office needs. Current availability includes Suite 4 with a standard floorplan and Suite 12 with an upgrade floorplan, both available now. Each suite is 1,650 square feet and can be customized, with office space options and a reception area available in the top two leasing tiers. Interior finishes include 9-foot ceilings in office areas, wood flooring, upgraded hardware, and tiled bathrooms.

    The building is located along FM 121 in Van Alstyne, providing straightforward access to the Dallas-Fort Worth metroplex while keeping a small-town setting. The warehouse areas feature 16-foot ceilings at the eaves and a 25-foot peak height, along with 14-foot bay doors. Additional amenities include energy-efficient HVAC, spray insulation, LED lighting, and three designated parking spaces per suite.

    The space is well-suited for operators seeking flexible, professional space without the complexity of multiple operating expense lines. Terms are structured with no triple net approach, with rent and power paid by the tenant and the landlord covering other expenses, including taxes, water, HVAC maintenance, and common area upkeep. With no zoning restrictions at 121 Business Park, the park offers broad opportunity for a range of business uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Van Alstyne
    County
    Grayson
    State
    Texas
    Longitude
    -96.638475
    Latitude
    33.423487

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    FAQs

    What type of property is this?
    Warehouse - Modern warehouse suites with large bay doors and flexible office build-outs, available now with landlord-covered operating expenses.
    Where is this warehouse located?
    The property is located at 14333 FM 121 Highway Van Alstyne, TX.
    What is the lease rate?
    The lease rate is $2,450 /Mo.
    What are key features of this property?
    This property features: Newly built (2021) warehouse suites on FM 121 in Van Alstyne, TX with current availability (Suite 4 and Suite 12) available now; Each suite is 1,650 SF and customizable, with office space and a reception area available in the top two leasing tiers; No triple net lease structure: tenant pays rent and power; landlord covers other fees including taxes, water, HVAC maintenance, and common area upkeep
    (214) 935-3211
    We can help!
    Listing Contact
    Michael Wilson
    Michael Wilson
    Real Estate License ID: 0664901
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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.

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