Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7157 Colleyville Blvd Colleyville, TX 76034

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Condo office with custom finishes in prime location.

    Type:Office
    Property size:
    1,150 SF
    Price / SF:
    $395/SF
    Added:
    Aug 24, 2024
    Days on Market:
    609
    Last Refresh:
    Mar 17 at 1:26 pm

    Property Features for 7157 Colleyville Blvd

    General Information

    Standard status
    Active
    Size
    1,150 SF
    Property subtype
    Office

    We can help!

    Listing Contact
    Phillip Maxwell

    Listing agent Phillip Maxwell License #TX

    Listing office Davidson & Bogel Real Estate LLC

    Listing date Aug 24, 2024

    Source Crexi

    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 Davidson & Bogel Real Estate LLC

    Overview

    Colleyville Condo Office For Sale

    This property offers an opportunity to acquire a condo office space with custom finishes. The building features a stone and brick construction facade and an exquisite exterior layout. The property has a size of approximately 1,150 square feet. Located in Colleyville, the area features essential retailers, a variety of restaurants, and a mix of services, making it a potentially suitable area to establish business services.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Genius Digital Marketing ... Advertising Agency Sriven Systems Inc (Bike/Boat/Book/etc) Store Financial Accounting Services Accounting Firm

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Colleyville
    County
    Tarrant
    State
    Texas
    Longitude
    -97.1316416
    Latitude
    32.9119578

    Nearby Similar for Sale

    • $1,445,000

      Colleyville Stand-Alone Building For Sale

      Stand-alone building in a vibrant business district, suitable for commercial/office.
      5017 Colleyville Boulevard, Colleyville, TX 76034
      View Details
    • $1,250,000

      Colleyville Office Investment Opportunity

      Partially leased office space with long-term income potential.
      8508 Precinct Line Road, Colleyville, TX 76034
      View Details
    • $379,000

      Colleyville Office Property For Sale

      Commercial property in a prime location, perfect for office use.
      7137 Colleyville Boulevard, Colleyville, TX 76034
      View Details
    • $7,911,000
      27,507 SF

      Colleyville Retail Investment Opportunity

      NN leased auto shop with over 7 years remaining.
      5900 COLLEYVILLE BLVD, Colleyville, TX
      View Details
    • Contact for pricing

      Caliber Collision NNN Lease Property

      NNN leased Caliber Collision with corporate guaranty and fixed rental increases.
      5900 Colleyville Blvd, Colleyville, TX 76034
      View Details
    • $1,475,000
      4,675 SF

      Stand-Alone Office Building For Rent

      4,675 SF office building, ideal for single tenant.
      820 Central Dr, Colleyville, TX
      View Details
    • Contact for pricing
      5,019 SF

      Upscale Professional Office Asset

      Professional office building near TX-121 with flexible occupancy options.
      4109 Gateway Ct, Colleyville, TX 76034
      View Details
    • Contact for pricing
      10,700 SF

      Colleyville Medical Office Investment

      Single-tenant medical office building in a prosperous Colleyville location.
      4301 Brown Trl, Colleyville, TX 76034
      View Details
    • $499,000
      1,119 SF

      Updated Colleyville Property with Potential

      Updated property with R20 zoning in thriving business community.
      5016 Thompson Terrace, Colleyville, TX 76034
      View Details
    • Contact for pricing
      10,700 SF

      10,700 SF Single-tenant Medical Office Building For Sale

      Single-tenant medical office building in Colleyville, Texas, for sale.
      4301 Brown Trl, Colleyville, TX 76034
      View Details
    • $1,244,950
      7,114 SF

      Colleyville Office Space For Sale

      7,114 SF office space in the Village at Colleyville.
      85 Village Ln, Colleyville, TX
      View Details
    • $95,000
      1,520 SF

      Established Tutoring Center Franchise

      Profitable K-12 tutoring franchise in a prime location.
      5605 Colleyville Blvd, Colleyville, TX 76034
      View Details

    FAQs

    What type of property is this?
    Office units - Condo office with custom finishes in prime location.
    Where is this office units located?
    The property is located at 7157 Colleyville Blvd Colleyville, TX.
    What is the asking price?
    The asking price for this property is $454,250.
    What are key features of this property?
    This property features: ± 1,150 SF condo office with custom finishes.; Stone and brick construction facade.; Alternative to leasing.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Phillip Maxwell
    Real Estate License ID: TX
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!