Office/Retail Condominium
For Sale
$735,000
4819 State Highway 121, The Colony, TX 75056
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 Market128
Property Features for 4819 State Highway 121
General Information
Standard status
Active
Size
2,179 SF
Class
B
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
2,179 SF
Year Built
2017
Stories
1
Listing Agency:
KW Commercial Dallas Preston
Listed By:
Raymond Edler · License #TX0581538
(469) 430-8866
Source:
Commercialcafe
Added: Jun 17
Changed: Oct 17
Last Checked: Oct 20 at 5:34PM
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 Dallas Preston
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,168
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$723,360
$723.4K
Cap Rate 7%
$516,686
$516.7K
Cap Rate 9%
$401,867
$401.9K
Market Conditions
NOI Build-Up for 2,179 SF
Gross rent
$54.4K $24.96/SF
− Vacancy
−$2.7K −$1.25/SF
EGI
$51.7K $23.71/SF
− OpEx
−$15.5K −$7.11/SF
NOI
$36.2K $16.60/SF
Area
Denton County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$723,360
Cap Rate 7%
$516,686
Cap Rate 9%
$401,867
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 authorities.
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
933
Businesses Nearby
Explore this area
Business Placement
Demographics for 75056, TX
67,570
Population
28,102
Households
2.4
Avg Household Size
36
Median Age
54%
College-Educated
95%
High-School Grad
23.6 sq mi
ZIP Area
2,863
Density / Sq Mi
$116,806
Median Household Income
$64,197
Median Earnings
$1,808
Median Rent
$414,600
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 unit - Professionally finished suite with multiple private offices, open workspace, reception, break room, and two restrooms.
Where is this office unit 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
