Freestanding Flex Space with Grade-Level
For Sale
$375,000
4120 Colonial Avenue, Dallas, TX 75215
CommercialSale, Dallas, TX
Property Size1,539 SF
Lot Size0.14 Acres
Price / SF$243.66
Days on Market297
Property Features for 4120 Colonial Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Parking Lot, Covered
Subdivision
Colonial
Directions
Please use GPS
Standard status
Active
APN
00000162280000000
Lot size
0.14 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Building Details
Year built
1950
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
Brick, Concrete
Roof type
Flat, Built-Up
Listing Agency:
KARE Investment Sales & Leasing
Listed By:
Karan Aulakh
(469) 471-6413
Added: Dec 26, 2025
Changed: Sep 17
Last Checked: Oct 19 at 9:06PM
MLS# 21137925
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.
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Investment Insights
Based on property information with market context.
This freestanding flex property was built in 1950 and offers a clear-span interior with concrete flooring, a flat built-up roof, and two 10-by-10-foot grade-level roll-up doors. Brick and concrete construction, central air, and electric heating support a practical industrial configuration. The site includes paved surface parking, covered parking, and city utilities.
Located on Colonial Avenue in South Dallas, the property provides access to I-45 and Highway 175, with connectivity to Downtown Dallas and surrounding industrial corridors. Its warehouse, flex, and light industrial suitability supports both owner-user and investor applications.
Located on Colonial Avenue in South Dallas, the property provides access to I-45 and Highway 175, with connectivity to Downtown Dallas and surrounding industrial corridors. Its warehouse, flex, and light industrial suitability supports both owner-user and investor applications.
Key Highlights
- 1,539 SF freestanding industrial building
- Two 10x10‑foot grade‑level doors
- 0.136‑acre lot with paved surface parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,505
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,100
$270.1K
Cap Rate 7%
$192,929
$192.9K
Cap Rate 9%
$150,056
$150.1K
Market Conditions
NOI Build-Up for 1,539 SF
Gross rent
$23.1K $15.00/SF
− Vacancy
−$2.3K −$1.50/SF
EGI
$20.8K $13.50/SF
− OpEx
−$7.3K −$4.73/SF
NOI
$13.5K $8.78/SF
Area
Dallas, TX
Vacancy
10.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,100
Cap Rate 7%
$192,929
Cap Rate 9%
$150,056
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.
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Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Catering by Chef Richard — 5214 Botham Jean Blvd, Dallas, TX 75215
Frequently Asked Questions
What type of property is this?
Flex space - Concrete-floor industrial property with clear-span interior, paved parking, and direct connectivity to major Dallas routes.
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 doors; 0.136‑acre lot with paved surface parking
