Fenced Flex Property with
For Sale
$1,200,000
7111 Colleyville Boulevard, Colleyville, TX 76034
Fenced and gated grounds provide secure outdoor space for equipment, trailers, and vehicle operations.
Property Size2,020 SF
Lot Size1.25 Acres
Price / SF$594.06
Days on Market15
Property Features for 7111 Colleyville Boulevard
General Information
Standard status
Active
Size
2,020 SF
Lot size
1.25 Acres
Zoning
Light Commercial Manufacturing
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Building Details
Year Built
1985
Buildings
1
Building Size
2,020 SF
Listing Agency:
Randy White Real Estate Svcs
(817) 865-6400
Listed By:
Sheila Cross · License #0551659
Source:
Heritance
Added: Aug 15
Changed: Aug 29
Last Checked: Aug 25 at 4:50AM
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 Randy White Real Estate Svcs
Investment Insights
Based on property information with market context.
This flex property includes a 2,020 square foot office and shop building on approximately one and one quarter acres. The site is fully fenced and gated, with outdoor area for equipment, trailers, fleet or truck parking, and other operational needs. On-site parking and vehicle maneuvering space add practical functionality for businesses requiring both workspace and yard area.
The property fronts Colleyville Boulevard at 7111 Colleyville Boulevard in Colleyville, Texas, with direct access to the boulevard. It is zoned for light commercial manufacturing and is positioned within the Colleyville, Grapevine, and Southlake business corridor. Established businesses, retail centers, and major transportation routes are identified in the surrounding context. The building dates to 1985 and is being sold as-is.
The property fronts Colleyville Boulevard at 7111 Colleyville Boulevard in Colleyville, Texas, with direct access to the boulevard. It is zoned for light commercial manufacturing and is positioned within the Colleyville, Grapevine, and Southlake business corridor. Established businesses, retail centers, and major transportation routes are identified in the surrounding context. The building dates to 1985 and is being sold as-is.
Key Highlights
- 2,020 square foot office and shop building
- Approximately one and one quarter acres of commercial land
- Fully fenced and gated yard
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
$34,906
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
2.91%
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%
$698,120
$698.1K
Cap Rate 7%
$498,657
$498.7K
Cap Rate 9%
$387,844
$387.8K
Market Conditions
NOI Build-Up for 2,020 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
$62.1K $30.72/SF
− Vacancy
−$15.5K −$7.68/SF
EGI
$46.5K $23.04/SF
− OpEx
−$11.6K −$5.76/SF
NOI
$34.9K $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%
$698,120
Cap Rate 7%
$498,657
Cap Rate 9%
$387,844
Alternative Uses
Best Use
Office B
$498.7K
$436.3K – $581.8K
NOI $34,906 @ 7.0% cap · market cap 2.91%
Second Best
Flex RnD
$316.9K
$277.3K – $369.7K
NOI $22,184 @ 7.0% cap · market cap 1.85%
Theoretical Best
Office A
$710.6K
$621.8K – $829.0K
NOI $49,740 @ 7.0% cap · market cap 4.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
426
Businesses Nearby
Under-served
Demand for This Use
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?
Flex space - Fenced and gated grounds provide secure outdoor space for equipment, trailers, and vehicle operations.
Where is this flex space located?
The property is located at 7111 Colleyville Boulevard Colleyville, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 2,020 square foot office and shop building; Approximately one and one quarter acres of commercial land; Fully fenced and gated yard
