Move-in Ready Commercial Prep
For Sale
Contact for pricing
4116 State Highway 121, Carrollton, TX 75010
Commercial prep kitchen with open studio, ideal for culinary ventures.
Property Size1,442 SF
Price / SF$484.74
Days on Market189
Property Features for 4116 State Highway 121
General Information
Standard status
Active
Size
1,442 SF
Property subtype
Hospitality, Special Purpose
Listing Agency:
Beam Real Estate
(972) 484-6644
Listed By:
Lilu David · License #0691855
Source:
Crexi
Added: Feb 4
Changed: Aug 8
Last Checked: Aug 7 at 7:03AM
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 Beam Real Estate
Investment Insights
Based on property information with market context.
This move-in ready commercial prep kitchen is beautifully maintained and features a fully compliant Type II vent hood and a 500-gallon grease trap. The property includes a large, open studio area suitable for hosting events, workshops, cooking classes, tastings, or sit-down demonstrations. The versatile layout is an excellent fit for a coffee shop, culinary concept, or creative business seeking a functional environment. A dedicated dry-storage room provides efficient organization. The generously sized private office features three windows that provide natural light, creating a bright and productive workspace. The property size is 1442 square feet and is located in Carrollton, TX.
Key Highlights
- Fully compliant Type II vent hood and 500‑gallon grease trap already in place.
- Large, open studio area suitable for events, workshops, or demonstrations.
- Versatile layout ideal for a coffee shop, culinary concept, or creative business.
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
$24,834
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
3.55%
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%
$496,680
$496.7K
Cap Rate 7%
$354,771
$354.8K
Cap Rate 9%
$275,933
$275.9K
Market Conditions
NOI Build-Up for 1,442 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
$34.8K $24.12/SF
− Vacancy
−$1.7K −$1.16/SF
EGI
$33.1K $22.96/SF
− OpEx
−$8.3K −$5.74/SF
NOI
$24.8K $17.22/SF
Area
Carrollton, TX
Vacancy
4.80%
Lease Rate
$24.12 /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%
$496,680
Cap Rate 7%
$354,771
Cap Rate 9%
$275,933
Alternative Uses
Best Use
Specialty Retail
$354.8K
$310.4K – $413.9K
NOI $24,834 @ 7.0% cap · market cap 3.55%
Second Best
Industrial
$130.0K
$113.7K – $151.7K
NOI $9,099 @ 7.0% cap · market cap 1.30%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
142
Businesses Nearby
Explore this area
Business Placement
Demographics for 75010, TX
33,186
Population
13,798
Households
2.4
Avg Household Size
36
Median Age
57%
College-Educated
95%
High-School Grad
6.8 sq mi
ZIP Area
4,880
Density / Sq Mi
$105,386
Median Household Income
$61,995
Median Earnings
$1,797
Median Rent
$434,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial kitchen - Commercial prep kitchen with open studio, ideal for culinary ventures.
Where is this commercial kitchen located?
The property is located at 4116 State Highway 121 Carrollton, TX.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Fully compliant Type II vent hood and 500‑gallon grease trap already in place.; Large, open studio area suitable for events, workshops, or demonstrations.; Versatile layout ideal for a coffee shop, culinary concept, or creative business.
