Two-Story Office
For Sale
$750,000
5013 Colleyville Boulevard, Colleyville, TX 76034
CommercialSale, Colleyville, TX
Property Size2,400 SF
Lot Size0.18 Acres
Price / SF$312.50
Days on Market47
Property Features for 5013 Colleyville Boulevard
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
CC-1
Subdivision
Thompson Terraces Sub
Directions
See GPS
Standard status
Active
APN
03127362
Lot size
0.18 Acres
Taxes and HOA fees
Tax Description
THOMPSON TERRACES SUBDIVISION BLOCK 1 LOT 1A
Tax Annual Amount
7891
Legal Description
THOMPSON TERRACES SUBDIVISION BLOCK 1 LOT 1A
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Amenities
monument sign
Building Details
Year built
1985
Floors in Building
2
Number of units
1
Flooring type
Vinyl, Tile
Building materials
Brick
Roof type
Flat
Listing Agency:
Milani Properties LLC
(214) 228-7936
Listed By:
Lacy Milani-Ingalls · License #0690122
(214) 228-7936
Added: Jul 15
Changed: Aug 21
Last Checked: Aug 30 at 3:06PM
MLS# 21320252
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-story office building provides 2,400 square feet, divided between 1,200 square feet on the lower level and 1,200 square feet upstairs. Brick construction, vinyl and tile flooring, central heating and cooling, a flat roof, and public water and sewer serve the property. The layout supports owner occupancy or tenant use.
The 0.182-acre site includes 15 parking spaces and visibility along Colleyville Boulevard. The property is positioned across from Main Street and Colleyville Town Square, with shopping and dining nearby. Access to 26 and a monument sign along 26 add to the property's street presence.
The 0.182-acre site includes 15 parking spaces and visibility along Colleyville Boulevard. The property is positioned across from Main Street and Colleyville Town Square, with shopping and dining nearby. Access to 26 and a monument sign along 26 add to the property's street presence.
Key Highlights
- 2,400 SF office building with 1,200 SF downstairs and 1,200 SF upstairs
- Two‑story brick construction completed in 1985
- 15 on‑site parking spaces
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
$41,472
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
5.53%
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%
$829,440
$829.4K
Cap Rate 7%
$592,457
$592.5K
Cap Rate 9%
$460,800
$460.8K
Market Conditions
NOI Build-Up for 2,400 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
$73.7K $30.72/SF
− Vacancy
−$18.4K −$7.68/SF
EGI
$55.3K $23.04/SF
− OpEx
−$13.8K −$5.76/SF
NOI
$41.5K $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%
$829,440
Cap Rate 7%
$592,457
Cap Rate 9%
$460,800
Alternative Uses
Best Use
Office B
$592.5K
$518.4K – $691.2K
NOI $41,472 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$844.3K
$738.7K – $985.0K
NOI $59,098 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,132
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 - Brick commercial property with central HVAC, public utilities, and on-site parking.
Where is this office building located?
The property is located at 5013 Colleyville Boulevard Colleyville, TX.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 2,400 SF office building with 1,200 SF downstairs and 1,200 SF upstairs; Two‑story brick construction completed in 1985; 15 on‑site parking spaces
