Freestanding Flex
New
For Sale
$375,000
4120 Colonial Avenue, Dallas, TX 75215
Industrial building with grade-level loading, clear-span space, concrete floors, and paved surface parking.
Property Size1,539 SF
Lot Size0.14 Acres
Price / SF$243.66
Days on Market3
Property Features for 4120 Colonial Avenue
General Information
Standard status
Active
Size
1,539 SF
Lot size
0.14 Acres
Property subtype
Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Span
Yes
Drive-In Doors
2
Building Details
Building Size
1,529 SF
Year Built
1950
Buildings
1
Listing Agency:
KARE Investment Sales & Leasing
(469) 471-6413
Listed By:
Karan Aulakh · License #0731346
Source:
Nilesrealtygroup
Added: Jul 30
Changed: Jul 31
Last Checked: Jul 31 at 11:00AM
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 KARE Investment Sales & Leasing
Investment Insights
Based on property information with market context.
This freestanding 1,539 SF industrial building on Colonial Avenue offers a clear-span interior, concrete flooring, a flat roof, and two 10x10-foot grade-level roll-up doors. The building is positioned on a 0.136-acre lot with paved surface parking and city utilities, providing a practical configuration for warehouse, flex, or light industrial use.
Located in South Dallas, the property provides access to I-45 and Highway 175, with connectivity to Downtown Dallas and surrounding industrial corridors. Built in 1950, the freestanding layout and grade-level loading provide functional characteristics for an owner-user or investor evaluating industrial space.
Located in South Dallas, the property provides access to I-45 and Highway 175, with connectivity to Downtown Dallas and surrounding industrial corridors. Built in 1950, the freestanding layout and grade-level loading provide functional characteristics for an owner-user or investor evaluating industrial space.
Key Highlights
- 1,539 SF freestanding industrial building
- Two 10x10‑foot grade‑level roll‑up doors
- Clear‑span interior with concrete flooring and flat roof
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.1k | $15.00 |
| − Vacancy | −$2.3k | −$1.50 |
| EGI | $20.8k | $13.50 |
| − OpEx | −$7.3k | −$4.73 |
| NOI | $13.5k | $8.78 |
1,539 SF · lease $15.00/SF/yr · vacancy 10.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$192.9K
$168.8K – $225.1K
NOI $13,505 @ 7.0% cap · market cap 3.60%
Second Best
Warehouse
$152.2K
$133.2K – $177.6K
NOI $10,655 @ 7.0% cap · market cap 2.84%
Theoretical Best
Office A
$1.85M
$1.62M – $2.15M
NOI $129,267 @ 7.0% cap · market cap 34.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Drive-in doors
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
355
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75215, TX
18,806
Population
8,481
Households
2.2
Avg Household Size
37
Median Age
17%
College-Educated
73%
High-School Grad
7.7 sq mi
ZIP Area
2,442
Density / Sq Mi
$41,388
Median Household Income
$34,114
Median Earnings
$1,209
Median Rent
$137,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial building with grade-level loading, clear-span space, concrete floors, and paved surface parking.
Where is this flex space located?
The property is located at 4120 Colonial Avenue Dallas, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1,539 SF freestanding industrial building; Two 10x10‑foot grade‑level roll‑up doors; Clear‑span interior with concrete flooring and flat roof
