Freestanding Industrial
4120 Colonial Avenue Dallas, TX 75215
4120 Colonial Avenue, Dallas, TX, 75215
$375,000
For Sale
$375,000
COMMERCIAL - Dallas, TX
Property Size1,539 SF
Lot Size0.14 Acres
Price / SF$243.66
Days on Market207
Property Features for 4120 Colonial Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot, Covered
- Standard status
- Active
- APN
- 00000162280000000
- Lot size
- 0.14 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- 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
(469) 471-6413
TX
Listed by
Karan Aulakh
(469) 471-6413
Added: Dec 26, 2025 Updated: Jul 12 at 8:37 pm Checked: Jul 21 at 12:06 am
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.
Investment Insights
Based on property information with market context.
This 1,539 SF freestanding industrial building is positioned on a 0.136-acre lot and includes grade-level roll-up door access for efficient loading. The interior features a clear span layout and concrete flooring, supported by a flat roof. The building has two 10x10-foot grade-level doors, making it well suited to warehouse, flex, or light industrial use.
The property is located in South Dallas on Colonial Avenue, with paved surface parking on site. City utilities are available, and the location provides convenient access to I-45 and Highway 175 for connectivity to Downtown Dallas and nearby industrial corridors.
For investors or owner-users, the combination of dock-friendly roll-up access and clear span configuration supports a range of warehouse and light industrial operating needs within a compact, freestanding facility.
The property is located in South Dallas on Colonial Avenue, with paved surface parking on site. City utilities are available, and the location provides convenient access to I-45 and Highway 175 for connectivity to Downtown Dallas and nearby industrial corridors.
For investors or owner-users, the combination of dock-friendly roll-up access and clear span configuration supports a range of warehouse and light industrial operating needs within a compact, freestanding facility.
Key Highlights
- 1,539 SF freestanding industrial building in South Dallas on Colonial Avenue
- Grade‑level roll‑up door access with two 10x10‑ft doors
- Concrete flooring with clear span interior for flexible warehouse/flex layouts
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Catering by Chef Richard — 5214 Botham Jean Blvd, Dallas, TX 75215
FAQs
What type of property is this?
Flex space - Freestanding industrial building with clear span interior, concrete floors, and two grade-level roll-up doors.
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 in South Dallas on Colonial Avenue; Grade‑level roll‑up door access with two 10x10‑ft doors; Concrete flooring with clear span interior for flexible warehouse/flex layouts
