High-Ceiling Flex
For Sale
$749,000
4116 State Highway 121 Unit 100, Carrollton, TX 75010
Open shell layout supports customization for varied commercial applications.
Property Size1,670 SF
Price / SF$448.50
Days on Market40
Property Features for 4116 State Highway 121 Unit 100
General Information
Standard status
Active
Size
1,670 SF
Additional Details
Highway Access
Yes
Building Details
Year Built
2023
Listing Agency:
Beam Real Estate, LLC
(972) 484-6644
Listed By:
Lilu David · License #0691855
Source:
Yourdavisteam
Added: Jul 21
Changed: Aug 29
Last Checked: Aug 25 at 5:52AM
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, LLC
Investment Insights
Based on property information with market context.
This 1,670-square-foot flex space features a commercial shell condition, an open interior, and 20 ft high ceilings. The layout is positioned for tenant customization and has been identified for retail, office, medical, service, event, workshop, class, and dining applications.
The property is located at 4116 State Highway 121 Unit 100 in Carrollton, Texas. Highway frontage and access are identified among the site’s features, providing a visible setting for a range of business concepts. Built in 2023, the space offers a recently constructed commercial shell for users planning their own interior configuration.
The property is located at 4116 State Highway 121 Unit 100 in Carrollton, Texas. Highway frontage and access are identified among the site’s features, providing a visible setting for a range of business concepts. Built in 2023, the space offers a recently constructed commercial shell for users planning their own interior configuration.
Key Highlights
- 1,670‑square‑foot commercial shell space
- 20 ft high ceilings
- Open layout designed for tenant customization
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
$26,843
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
3.58%
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%
$536,860
$536.9K
Cap Rate 7%
$383,471
$383.5K
Cap Rate 9%
$298,256
$298.3K
Market Conditions
NOI Build-Up for 1,670 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
$40.3K $24.12/SF
− Vacancy
−$1.9K −$1.16/SF
EGI
$38.3K $22.96/SF
− OpEx
−$11.5K −$6.89/SF
NOI
$26.8K $16.07/SF
Area
Carrollton, TX
Vacancy
4.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
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%
$536,860
Cap Rate 7%
$383,471
Cap Rate 9%
$298,256
Alternative Uses
Best Use
Retail
$383.5K
$335.5K – $447.4K
NOI $26,843 @ 7.0% cap · market cap 3.58%
Second Best
Industrial
$150.5K
$131.7K – $175.6K
NOI $10,537 @ 7.0% cap · market cap 1.41%
Theoretical Best
Specialty Retail
$410.9K
$359.5K – $479.3K
NOI $28,760 @ 7.0% cap · market cap 3.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
612
Businesses Nearby
Under-served
Demand for This Use
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 Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Flex space - Open shell layout supports customization for varied commercial applications.
Where is this flex space located?
The property is located at 4116 State Highway 121 Unit 100 Carrollton, TX.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 1,670‑square‑foot commercial shell space; 20 ft high ceilings; Open layout designed for tenant customization
