Office/Retail Condominium
4819 State Highway 121 The Colony, TX 75056
4819 State Highway 121, The Colony, TX, 75056
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For Sale
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Professionally finished suite with multiple private offices, open workspace, reception, break room, and two restrooms.
Property Size2,179 SF
Price / SF$337.31
Days on Market38
Property Features for 4819 State Highway 121
General Information
- Standard status
- Active
- Size
- 2,179 SF
- Property subtype
- Office, Retail
Building Details
- Year Built
- 2017
Listing agency
KW Commercial
(214) 552-2091
Listed by
Raymond Edler · License #TX TX0581538
Source
Crexi
Added: Jun 16 Updated: Jul 22 at 11:36PM Checked: Jul 22 at 11:36PM
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 KW Commercial
Investment Insights
Based on property information with market context.
Professionally finished office/retail condominium suite located within 121 Office Plaza. The suite is configured with five private offices, an open collaborative workspace, a reception area, a break room, and two restrooms, providing a practical layout for professional services and retail-related uses.
The property offers direct frontage along State Highway 121 (Sam Rayburn Tollway), positioned on one of the area’s prominent commercial corridors. The surrounding area includes national retailers, restaurants, service providers, and healthcare users, with nearby amenities including Nebraska Furniture Mart, Walmart, Kroger Marketplace, and Grandscape.
Designed as a turnkey suite, the interior can support immediate occupancy and also allows for future reconfiguration based on a tenant’s needs.
The property offers direct frontage along State Highway 121 (Sam Rayburn Tollway), positioned on one of the area’s prominent commercial corridors. The surrounding area includes national retailers, restaurants, service providers, and healthcare users, with nearby amenities including Nebraska Furniture Mart, Walmart, Kroger Marketplace, and Grandscape.
Designed as a turnkey suite, the interior can support immediate occupancy and also allows for future reconfiguration based on a tenant’s needs.
Key Highlights
- 2017‑built office/retail condominium suite totaling approximately 2,179 SF
- Suite layout includes five private offices, reception area, open collaborative workspace, break room, and two restrooms
- Professionally finished and configured for immediate owner occupancy with flexibility for future reconfiguration
Local Financial Insights For Retail
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 | $54.4k | $24.96 |
| − Vacancy | −$2.7k | −$1.25 |
| EGI | $51.7k | $23.71 |
| − OpEx | −$15.5k | −$7.11 |
| NOI | $36.2k | $16.60 |
2,179 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$516.7K
$452.1K – $602.8K
NOI $36,168 @ 7.0% cap · market cap 4.92%
Second Best
Office B
$432.8K
$378.7K – $505.0K
NOI $30,299 @ 7.0% cap · market cap 4.12%
Theoretical Best
Multifamily LT 5
$30.47M
$26.66M – $35.55M
NOI $2,133,044 @ 7.0% cap · market cap 290.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Professionally finished suite with multiple private offices, open workspace, reception, break room, and two restrooms.
Where is this office units located?
The property is located at 4819 State Highway 121 The Colony, TX.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: 2017‑built office/retail condominium suite totaling approximately 2,179 SF; Suite layout includes five private offices, reception area, open collaborative workspace, break room, and two restrooms; Professionally finished and configured for immediate owner occupancy with flexibility for future reconfiguration
