Standalone Brick Office
For Sale
$1,250,000
Pending
4201 Gateway Drive, Colleyville, TX 76034
Flexible layout includes private offices, a training room, and an executive office with fireplace.
Property Size4,008 SF
Days on Market58
Property Features for 4201 Gateway Drive
General Information
Standard status
Pending
Size
4,008 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$15,240
Amenities
security system
Cat5 wiring
fireplace
Building Details
Building Size
4,008 SF
Year Built
2000
Construction
brick
Listing Agency:
NextHome NTX Real Estate
Listed By:
Graham Stiles · License #0482946
(817) 809-6996
Source:
Nilesrealtygroup
Added: Aug 26
Changed: Oct 17
Last Checked: Oct 21 at 5:10AM
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 NextHome NTX Real Estate
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Investment Insights
Based on property information with market context.
Located at 4201 Gateway Drive in Colleyville, this 4,008-square-foot standalone brick office building was constructed in 2000. The interior includes a reception lobby, multiple private offices, a substantial training or conference room, and a break area. An executive office with a fireplace adds a distinctive feature to the workplace configuration.
The building is equipped with a security system and Cat5 wiring, with ample on-site parking. Its adaptable arrangement is identified as suitable for traditional office, medical, dental, corporate training, or executive-suite use. Furniture currently in the building is negotiable, allowing the next occupant to determine whether to retain the existing furnishings.
The building is equipped with a security system and Cat5 wiring, with ample on-site parking. Its adaptable arrangement is identified as suitable for traditional office, medical, dental, corporate training, or executive-suite use. Furniture currently in the building is negotiable, allowing the next occupant to determine whether to retain the existing furnishings.
Key Highlights
- 4,008 SF standalone brick office building
- Constructed in 2000
- Multiple private offices plus lobby, break area, and training or conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,258
Cap Rate
5.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,385,160
$1.4M
Cap Rate 7%
$989,400
$989.4K
Cap Rate 9%
$769,533
$769.5K
Market Conditions
NOI Build-Up for 4,008 SF
Gross rent
$123.1K $30.72/SF
− Vacancy
−$30.8K −$7.68/SF
EGI
$92.3K $23.04/SF
− OpEx
−$23.1K −$5.76/SF
NOI
$69.3K $17.28/SF
Area
Tarrant County, TX
Vacancy
25.00%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,385,160
Cap Rate 7%
$989,400
Cap Rate 9%
$769,533
Alternative Uses
Best Use
Office B
$989.4K
$865.7K – $1.15M
NOI $69,258 @ 7.0% cap · market cap 5.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,693 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,124
Businesses Nearby
Explore this area
Business Placement
Demographics for 76034, TX
25,988
Population
9,600
Households
2.7
Avg Household Size
48
Median Age
70%
College-Educated
99%
High-School Grad
13.1 sq mi
ZIP Area
1,984
Density / Sq Mi
$203,157
Median Household Income
$92,142
Median Earnings
$3,194
Median Rent
$717,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Flexible layout includes private offices, a training room, and an executive office with fireplace.
Where is this office building located?
The property is located at 4201 Gateway Drive Colleyville, TX.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 4,008 SF standalone brick office building; Constructed in 2000; Multiple private offices plus lobby, break area, and training or conference room
