Building Details

Year Built 2023

Listing Agency: Beam Real Estate, LLC

Listed By: Lilu David · License #0691855 Show Phone

Source: Minteerteam

Added: Jul 21 Changed: Oct 13 Last Checked: Oct 13 at 12:11AM

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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.

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 / Yr

$26,843

Cap Rate

3.58%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $26,843 @ 7.0% cap · market cap 3.58%

Second Best

Industrial

$150.5K

$131.7K – $175.6K (±1% cap)

NOI $10,537 @ 7.0% cap · market cap 1.41%

Theoretical Best

Specialty Retail

$410.9K

$359.5K – $479.3K (±1% cap)

NOI $28,760 @ 7.0% cap · market cap 3.84%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

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

Top Pick Real Estate Agency Building Supply Law Firm Big Box & Wholesale Store Auto Parts Store Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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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