Multi-Tenant Office
For Sale
Contact for pricing
8098 Precinct Line Rd, Colleyville, TX 76034
Four office suites feature separate entrances, monument signage, and on-site parking near established retail amenities.
Property Size5,026 SF
Price / SF$417.83
Days on Market150
Property Features for 8098 Precinct Line Rd
General Information
Standard status
Active
Size
5,026 SF
Property subtype
Office
Occupancy
100%
Investment Type
Net Lease
Net Operating Income
$115,895
Additional Details
Road Access
Yes
Office Units
4
Amenities
building/monument signage
private entrance
Building Details
Year Built
2019
Buildings
1
Stories
1
Units
4
Tenancy
Multi
Listing Agency:
Blu Global Realty LLC
(972) 999-2630
Listed By:
Jayant Malik · License #TX 630246
Source:
Crexi
Added: Apr 5
Changed: Aug 30
Last Checked: Aug 30 at 10:27PM
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 Blu Global Realty LLC
Investment Insights
Based on property information with market context.
This 5,026 SqFt office property, built in 2019, is configured as a multi-tenant center with four suites. Each suite has its own private entrance, while building and monument signage support property identification. On-site parking is also provided.
Located at 8098 Precinct Line Rd in Colleyville, the property sits north of North Tarrant Parkway and directly across from Davis Towne Crossing. Nearby national retailers include Walmart, Target, Kroger, Aldi, and Walgreens. The site also offers access to major thoroughfares serving Grapevine, Southlake, and North Richland Hills.
Located at 8098 Precinct Line Rd in Colleyville, the property sits north of North Tarrant Parkway and directly across from Davis Towne Crossing. Nearby national retailers include Walmart, Target, Kroger, Aldi, and Walgreens. The site also offers access to major thoroughfares serving Grapevine, Southlake, and North Richland Hills.
Key Highlights
- 5,026 SqFt multi‑tenant office property built in 2019
- Four office suites, each with a private entrance
- Building and monument signage included
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
$86,849
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
4.14%
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%
$1,736,980
$1.7M
Cap Rate 7%
$1,240,700
$1.2M
Cap Rate 9%
$964,989
$965.0K
Market Conditions
NOI Build-Up for 5,026 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
$154.4K $30.72/SF
− Vacancy
−$38.6K −$7.68/SF
EGI
$115.8K $23.04/SF
− OpEx
−$28.9K −$5.76/SF
NOI
$86.8K $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%
$1,736,980
Cap Rate 7%
$1,240,700
Cap Rate 9%
$964,989
Alternative Uses
Best Use
Office B
$1.24M
$1.09M – $1.45M
NOI $86,849 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.77M
$1.55M – $2.06M
NOI $123,760 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Office units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
627
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Four office suites feature separate entrances, monument signage, and on-site parking near established retail amenities.
Where is this office building located?
The property is located at 8098 Precinct Line Rd Colleyville, TX.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 5,026 SqFt multi‑tenant office property built in 2019; Four office suites, each with a private entrance; Building and monument signage included
