Standalone Brick Office
New
For Sale
$1,275,000
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 Market7
Property Features for 4201 Gateway Drive
General Information
Standard status
Active
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
(817) 564-2927
Listed By:
Graham Stiles · License #0482946
Source:
Nilesrealtygroup
Added: Aug 26
Changed: Aug 31
Last Checked: Aug 31 at 12:30AM
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
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 = 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
$69,258
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
5.43%
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%
$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
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
$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 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%
$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 5.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,693 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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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 $1,275,000.
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
