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

    State Highway 121 Lewisville, TX 75056

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    High-traffic retail space, Denton County.

    Lot size:
    33,416 SF

    Property Features for 0 State Highway 121

    General Information

    Property type
    Retail properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    33,416 SF

    Spaces For Lease

    at 0 State Highway 121, Lewisville, TX 75056 Contact us

    We can help!

    Listing Contact
    Coy Quine
    Coy Quine

    Listing Agency: Quine & Associates Listing Agent: Coy Quine

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    The Colony Plaza offers exceptional retail opportunities in Denton County, boasting high visibility on the major thoroughfares of SH 121 and Main Street (FM 423). This multi-tenant property comprises a total of 33,416 square feet, divided into 14 suites. Currently, there are 5,431 square feet of vacant space available, offering flexible options for businesses seeking prime retail locations. Individual spaces range from a minimum of 1,580 square feet to a maximum contiguous space of 2,154 square feet, providing versatility for various retail concepts. The property's strategic location ensures significant foot traffic and excellent brand exposure. This is an ideal opportunity for businesses seeking a well-established retail presence in a thriving Denton County market. The property's prominent positioning on major roadways guarantees high visibility and accessibility for customers. With its diverse suite sizes and ample available space, The Colony Plaza presents a compelling investment opportunity for businesses of all scales. The convenient location and high-traffic area make this a prime location for retail success. Contact us today to learn more about leasing opportunities at The Colony Plaza.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lewisville
    County
    Denton
    State
    Texas
    Longitude
    -96.9101806
    Latitude
    33.0787106

    Nearby Similar for Lease

    • New
      $2,800 /Mo
      3,302 SF

      Move-in Ready Retail Space

      Commercial space with high ceilings and great walkability.
      156 W Main St, Lewisville, TX 75057
      View Details
    • $2,800 /Mo
      82,677 SF

      Lewisville Office Suite For Rent

      Well-maintained office suite near Old Town Lewisville and I-35.
      118 Lynn Ave, Lewisville, TX 75057
      View Details
    • $1,000 /Mo
      100,624 SF

      Coworking Office Space For Lease

      Small office in coworking space with shared amenities and utilities.
      2681 Macarthur Blvd, Lewisville, TX 75067
      View Details
    • $735 /Mo
      7,100 SF

      Office Space in Lewisville, TX

      Office space with natural light, open parking, and break room.
      725 W Purnell Rd, Lewisville, TX 75067
      View Details
    • $980 /Mo
      7,100 SF

      Office Space in Lewisville, TX

      Office space with natural light, open parking, and break room.
      725 W Purnell Rd, Lewisville, TX 75067
      View Details
    • $485 /Mo
      7,100 SF

      Office Space in Lewisville, TX

      Office space with natural light, open parking, and break room.
      725 W Purnell Rd, Lewisville, TX 75067
      View Details
    • $1,000 /Mo
      100,624 SF

      Coworking Office Space For Rent

      Small office in coworking space with shared amenities and utilities.
      2681 Macarthur Blvd, Lewisville, TX 75067
      View Details
    • $1,600 /Mo
      44 SF

      Luxury Office in Lewisville, TX

      Luxury office space ideal for medical or professional use.
      870 Hebron Pkwy, Lewisville, TX 75057
      View Details
    • $7,500 /Mo
      71,830 SF

      Lewisville Retail Space Available

      Restaurant/bar space with patio, high exposure, and ample parking.
      301 W Round Grove Rd, Lewisville, TX 75067
      View Details
    • $19 SF/Yr
      333,757 SF

      Finished Flex Space in Lewisville

      Modern flex space with upscale amenities in a high-traffic location.
      2601 E State Highway 121, Lewisville, TX 75056
      View Details
    • $500 /Mo
      100,624 SF

      Coworking Office Space For Rent

      Small office in coworking space, high visibility location.
      2681 Macarthur Blvd, Lewisville, TX 75067
      View Details
    • $750 /Mo
      100,624 SF

      Coworking Office Space Available

      Small office in coworking space with upgraded finishes and utilities.
      2681 Macarthur Blvd, Lewisville, TX 75067
      View Details

    FAQs

    What type of property is this?
    Retail property - High-traffic retail space, Denton County.
    Where is this retail property located?
    The property is located at State Highway 121 Lewisville, TX.
    What are key features of this property?
    This property features: Retail property totaling 33,416 square feet.; Multiple tenant spaces available, ranging from 1,580 to 2,154 contiguous square feet.; 14 total suites; 5,431 square feet currently vacant.
    Request Owner's contact information
    State Highway 121 Lewisville, TX 75056
    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.
    State Highway 121
    Lewisville, TX 75056
    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
    State Highway 121 Lewisville, TX 75056
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Coy Quine
    Coy Quine
    Real Estate License ID: 199900
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!