Fenced Flex Space with
For Sale
$1,200,000
7111 Colleyville Boulevard, Colleyville, TX 76034
CommercialSale, Colleyville, TX
Property Size2,020 SF
Lot Size1.26 Acres
Price / SF$594.06
Days on Market55
Property Features for 7111 Colleyville Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Driveway
Subdivision
Cannatella Bus Plaza
Lot features
Interior Lot, Landscaped, Many Trees
Directions
Going north on Colleyville Blvd, across from John McCain Rd, behind the dry cleaner building in back.
Standard status
Active
APN
04969499
Lot size
1.26 Acres
Taxes and HOA fees
Tax Description
CANNATELLA BUSINESS PLAZA BLOCK 1 LOT 1 & A 2
Tax Annual Amount
12950
Legal Description
CANNATELLA BUSINESS PLAZA BLOCK 1 LOT 1 & A 2
Utilities
Sewer type
Public Sewer
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1985
Floors in Building
1
Number of units
1
Building materials
MetalSiding
Listing Agency:
Randy White Real Estate Svcs
(817) 865-6400
Listed By:
Sheila Cross · License #0551659
(817) 988-2488
Added: Jul 10
Changed: Aug 22
Last Checked: Sep 2 at 9:06AM
MLS# 21200048
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 flex property combines a 2,020-square-foot office and shop building with approximately 1.261 acres of commercial land. The site is fully fenced and gated, with driveway parking and outdoor area for equipment, trailers, fleet vehicles, or operational storage. Central air, electric cooling, public water, and public sewer serve the improvements. Built in 1985, the building has metal siding and can accommodate office, service, and light industrial functions.
The property fronts Colleyville Boulevard with direct access and prominent highway exposure. It is located in Colleyville, Texas, within a business corridor that includes established businesses, retail centers, and major transportation routes. Light commercial manufacturing zoning supports commercial, service, and industrial-flex uses. The property is offered as-is.
The property fronts Colleyville Boulevard with direct access and prominent highway exposure. It is located in Colleyville, Texas, within a business corridor that includes established businesses, retail centers, and major transportation routes. Light commercial manufacturing zoning supports commercial, service, and industrial-flex uses. The property is offered as-is.
Key Highlights
- Approximately 1.261 acres of commercial land
- 2,020‑square‑foot office and shop building
- 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
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Secured commercial yard with an office and shop building supports service, storage, and light industrial 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: Approximately 1.261 acres of commercial land; 2,020‑square‑foot office and shop building; Fully fenced and gated yard
