Freestanding Industrial Building with Grade-Level
For Sale
$375,000
4120 Colonial Avenue, Dallas, TX 75215
COMMERCIAL - Dallas, TX
Property Size1,539 SF
Lot Size0.14 Acres
Price / SF$243.66
Days on Market229
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
Built-Up, Flat
Listing Agency:
KARE Investment Sales & Leasing
(469) 471-6413
Listed By:
Karan Aulakh
(469) 471-6413
Added: Dec 26, 2025
Changed: Aug 4
Last Checked: Aug 12 at 8:06AM
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.
Freestanding industrial building offering 1,539 SF of space on a 0.136-acre lot. The interior features a clear span layout with concrete flooring, complemented by a flat, built-up roof. Access is provided via two 10x10-foot grade-level roll-up doors, suitable for warehouse, flex, or light industrial uses.
Construction includes brick and concrete, with central heating and central air conditioning. The property is served by public sewer and city utilities. On-site parking is available with a paved surface parking lot and covered parking.
The location in South Dallas on Colonial Avenue provides convenient access to I-45 and Highway 175, supporting efficient connectivity to Downtown Dallas and surrounding industrial corridors. The building can work for an owner-user or an investor looking for warehouse, flex, or light industrial space.
Construction includes brick and concrete, with central heating and central air conditioning. The property is served by public sewer and city utilities. On-site parking is available with a paved surface parking lot and covered parking.
The location in South Dallas on Colonial Avenue provides convenient access to I-45 and Highway 175, supporting efficient connectivity to Downtown Dallas and surrounding industrial corridors. The building can work for an owner-user or an investor looking for warehouse, flex, or light industrial space.
Key Highlights
- 1,539 SF freestanding industrial building on a 0.136‑acre lot
- Two 10x10‑foot grade‑level roll‑up doors for warehouse or light industrial use
- Clear span interior with concrete flooring and brick and concrete construction
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
$13,505
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
3.60%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Yes
Highway 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
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- Catering by Chef Richard — 5214 Botham Jean Blvd, Dallas, TX 75215
Frequently Asked Questions
What type of property is this?
Flex space - Freestanding industrial building with two grade-level roll-up doors, concrete floors, and a flat roof on paved parking lot.
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 on a 0.136‑acre lot; Two 10x10‑foot grade‑level roll‑up doors for warehouse or light industrial use; Clear span interior with concrete flooring and brick and concrete construction
