Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space in The Colony Title is generated by Realmo AI

    4711 S Hwy 121, The Colony, TX 75056

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    33,400 SF shopping center shadow-anchored by Ross Dress For Less.

    Type:RETAIL
    Property size:
    1,788 SF
    Lot size:
    9.44 Acres
    Added:
    Jan 31, 2023
    Days on Market:
    1224
    Last Refresh:
    May 20 at 9:15 pm

    Property Features for 4711 S Hwy 121

    General Information

    Standard status
    Active
    Size
    1,788 SF
    Lot size
    9.44 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 4711 S Hwy 121 Contact us

    We can help!

    Listing Contact
    Rosemary Lopez
    Rosemary Lopez

    Listing agent Rosemary Lopez

    Listing office Quine & Associates, Inc.

    Listing date Jan 31, 2023

    Source Moodyscre

    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 Quine & Associates, Inc.

    HighLights

    • Shadow‑anchored by Ross Dress For Less
    • Located on the northeast quadrant of Highway 121 and Main Street
    • 33,400 square foot shopping center
    • Across the highway from Nebraska Furniture and Scheels
    • Includes Sherwin Williams
    • Includes Barney's Cafe

    Overview

    This 33,400 square foot shopping center, The Colony Plaza, is located on the northeast quadrant of Highway 121 and Main Street. It is shadow-anchored by Ross Dress For Less. The home of Nebraska Furniture and Scheels is located across the highway from the shopping center. Other businesses in the shopping center include Sherwin Williams, Barney's Cafe, H&R Block, and Armstrong McCall.
    Property Profile Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Quick-Tag — Walmart Supercenter, 4691 State Hwy 121, The Colony, TX 75056
    • Lewisville Towne Crossing — 4740-4866, State Hwy 121, Lewisville, TX 75056
    • Coinstar Kiosk | Bitcoin ATM — Kroger - Dallas, 4620 State Highway 121, 4620 TX-121, Lewisville, TX 75056
    • Coin Cloud Bitcoin ATM — 3800 Main St, The Colony, TX 75056
    • Coinstar Kiosk | Bitcoin ATM — Kroger - Dallas, 4620 State Hwy 121, Lewisville, TX 75056

    Location Insight

    • Map
    • Local Demand
    City
    The Colony
    County
    Denton
    State
    Texas
    Longitude
    -96.8897
    Latitude
    33.0682

    Nearby Similar for Lease

    • $27 SF/Yr
      1,200 SF

      Main Street Commercial Build-to-Suit Space

      Highly visible commercial space for lease on Main Street.
      7120 Main Street, The Colony, TX 75056
      View Details
    • $25 SF/Yr
      20,738 SF

      Professional Office Suites For Rent

      Office suites available in a desirable location with ample parking.
      3700 Standridge Drive, The Colony, TX 75056
      View Details
    • Contact for pricing
      9,504 SF

      Freestanding Retail Opportunity in The Colony

      Former CVS ideal for retail in a strong trade area.
      6749 MAIN ST, The Colony, TX 75056
      View Details
    • $1.00 SF/Yr
      5,735 SF

      Professional Office Suites For Rent

      Office suites available in a desirable location with ample parking.
      3700 Standridge Drive, The Colony, TX 75056
      View Details
    • $350/Mo

      Office Suites Off State Highway

      For lease office suites set on 5 acres in The Colony, providing a straightforward option for established and growing teams.
      4862 121 State Hwy, The Colony, TX 75056
      View Details
    • $27 SF/Yr
      1,200 SF

      Prime Retail/Office Space on Main

      High-visibility location with build-to-suit opportunity in growing area.
      7120 Main St, The Colony, TX
      View Details
    • Contact for pricing
      18,154 SF

      The Colony Industrial Sublease

      Industrial sublease in The Colony, TX, available through February 2028.
      4101 Live Oak Dr, The Colony, TX 75056
      View Details
    • $11 SF/Yr
      18,154 SF

      The Colony Warehouse Space Available

      18,154 SF warehouse space available for sublease.
      4101 Memorial Dr, The Colony, TX
      View Details
    • $350/Mo

      Office Suite with Highway Frontage

      Office space positioned on a high-visibility corner near a 24-hour fitness, surrounded by established retail and businesses.
      4862 121 state Highway, The Colony, TX 75056
      View Details
    • Contact for pricing
      8,400 SF

      Office Space Near Grandscape

      Office space for lease with highway access and nearby amenities.
      3551 Plano Parkway, The Colony, TX, 75056
      View Details
    • Contact for pricing
      4,000 SF

      Retail and Office/Medical Spaces

      Retail and office/medical spaces available for lease.
      5017 Main St, The Colony, TX
      View Details
    • Contact for pricing
      5,900 SF

      Retail and Office/Medical Space

      Retail and office/medical spaces available for lease.
      5101 Main St, The Colony, TX
      View Details

    FAQs

    What type of property is this?
    Shopping center - 33,400 SF shopping center shadow-anchored by Ross Dress For Less.
    Where is this shopping center located?
    The property is located at 4711 S Hwy 121 The Colony, TX.
    What are key features of this property?
    This property features: Shadow‑anchored by Ross Dress For Less; Located on the northeast quadrant of Highway 121 and Main Street; 33,400 square foot shopping center
    (972) 301-6285 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Rosemary Lopez
    Rosemary Lopez
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4711 S Hwy 121, the Colony, TX
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!