Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Prep Kitchen with Studio Title is generated by Realmo AI

    4116 State Highway 121, Carrollton, TX 75010

    View on Map
    Claim this Listing
    For Sale
    $699,000

    SINGLE_FAMILY - Carrollton, TX

    Type:Retail
    Added:
    Mar 3, 2026
    Days on Market:
    91
    Last Refresh:
    Jun 2 at 7:06 pm

    Property Features for 4116 State Highway 121

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Parking features
    Assigned
    Security features
    Security
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    R983998

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air, Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    2019
    Floors in Building
    1
    Number of units
    18
    Flooring type
    Concrete
    Building materials
    Frame, Concrete
    Roof type
    Shingle

    We can help!

    Listing Contact
    Lilu David

    Listing agent Lilu David License #0691855

    Listing office Beam Real Estate, LLC Farmers Branch, TX

    Listing date Mar 3, 2026

    MLS# 21152270

    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

    • Commercial prep kitchen featuring a Type II vent hood.
    • Large, open studio space suitable for events or workshops.
    • 500‑gallon grease trap in place.
    • Generously sized office with ample natural light.
    • Convenient dry‑storage room.
    • New construction (built in 2019).

    Overview

    This immaculately maintained commercial prep kitchen is equipped with a Type II vent hood. It features a large, open studio space suitable for events, workshops, classes, or sit-down demonstrations. The property is located in Carrollton, Texas. It could be an excellent fit for a coffee shop or a creative business concept. The space also includes a convenient dry-storage room and a generously sized office with three windows, offering plenty of natural light. A 500-gallon grease trap is in place.
    Location Intelligence

    Current Use by Public Records

    Carrollton Smiles Dental Office True V Take-out & Catering Leezaspace - Hebron Pkwy Coworking & Hybrid Office Sirisha Bhandaru Dental Office Moon Lee-Barnes - State ... Insurance Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Carrollton
    County
    Denton
    State
    Texas
    Longitude
    -96.932384
    Latitude
    33.022872

    Nearby Similar for Sale

    • $625,000
      2,340 SF

      Versatile Commercial Condo in Carrollton

      2,340 SF condo ideal for medical, spa, or professional offices.
      2840 Keller Springs Road, Carrollton, TX 75006
      View Details
    • $850,000
      2,300 SF

      Carrollton Office Investment Opportunity

      Well-maintained office suite in Keller Springs Office Park.
      2840 Keller Springs Road, Carrollton, TX 75006
      View Details
    • $520,000
      2,200 SF

      Carrollton Duplex with Large Lot

      Duplex in Carrollton, TX with investment potential.
      2240 Jackson Circle, Carrollton, TX 75006
      View Details
    • $1,150,000

      Former Childcare Building in Carrollton

      Former childcare building with classrooms, offices, and playground in Carrollton.
      1935 Old Denton Road, Carrollton, TX 75006
      View Details
    • $749,000

      Commercial Shell Space with High Ceilings

      Flexible open shell with 20-ft ceilings and excellent highway frontage for retail, office, medical, and service concepts.
      4116 State Highway 121, Carrollton, TX 75010
      View Details
    • $499,000

      Duplex Side B for Sale

      Duplex side B is currently leased, offering income while benefiting from a privacy-fenced lot setup.
      2240 Jackson Circle, Carrollton, TX 75006
      View Details
    • $1,700,000
      2,500 SF

      Carrollton Medical Office Building For Sale

      Move-in-ready medical office building in a desirable professional park.
      4100 Fairway Court, Carrollton, TX 75010
      View Details
    • $2,900,000
      6,562 SF

      Carrollton Restaurant Building For Sale

      6,562 SF second generation restaurant building in Carrollton, TX.
      4109 State Highway 121, Carrollton, TX 75010
      View Details
    • $850,000
      2,530 SF

      Commercial Office Condo For Sale

      Commercial office condo with long-term tenant in place.
      1790 King Arthur Blvd. Ste 120, Carrollton, TX 75010
      View Details
    • $2,900,000
      6,562 SF

      Turnkey Restaurant Building on Highway

      6,562 SF restaurant building in prime Carrollton location.
      4109 Highway 121, Carrollton, TX
      View Details
    • $850,000

      Office Condo with Adjoined Suites

      Owner-occupied office condos with an elegant entry, conference room, and flexible space suited for medical or spa use.
      2840 Keller Springs Road, Carrollton, TX 75006
      View Details
    • $520,000
      2,250 SF

      Spacious Duplex Unit in Carrollton

      Modern duplex unit with ample space and investment potential.
      2240 Jackson Circle, Unit A, Carrollton, TX 75006
      View Details

    FAQs

    What type of property is this?
    Commercial kitchen - Commercial prep kitchen with studio space in Carrollton, Texas.
    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: Commercial prep kitchen featuring a Type II vent hood.; Large, open studio space suitable for events or workshops.; 500‑gallon grease trap in place.
    (972) 484-6644
    We can help!
    Listing Contact
    Lilu David
    Real Estate License ID: 0691855
    Learn More
    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
    4116 State Highway 121, Carrollton, TX 75010
    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!