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    4132 State Highway 121 Carrollton, TX 75010

    • Neighborhood centers
    • 13,950 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-1864251
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Amrutha vilas - Carrollton, TX / Indian Restaurant
    • MAHADEV SOLUTIONS IN TEXAS Psychic near me | Astrologer | Palm Reader | Love Psychic Expert | Negative Energy Therapy / Psychic / Reiki Therapist
    • GlowIndia Threading Salon & Spa / Beauty Salon / Eyebrow Bar
    • Vibez Smoke Shop / Vaporizer Store / Discount Store
    • Farm2cook Fresh meat store / Butcher Shop

    Property Details for 4132 State Highway 121

    Year built
    2019
    Property size
    13,950 SF
    Property type
    Neighborhood centers

    Description

    Hebron Plaza, a Class B retail strip center, presents a prime opportunity in Carrollton, Texas. This 13,950 square foot property, built in 2019, sits on a 1.49-acre lot at 4132 State Hwy. 121, zip code 75010. The center features a single building with multiple tenancies, offering a versatile space for businesses. Currently, there is one available unit totaling 1,596 square feet, representing the minimum and maximum contiguous space available. This space is ideal for a variety of retail uses. The property's location in Dallas County, within the thriving Carrollton community, ensures high visibility and accessibility for customers. The year 2019 construction ensures modern amenities and efficient layouts. This is an excellent opportunity for businesses seeking a well-maintained, conveniently located retail space in a bustling Texas market. The property's strategic location along State Highway 121 provides exceptional exposure to a high volume of traffic. Interested parties should inquire about lease terms and availability. This is a rare opportunity to secure a space in a desirable Carrollton retail center.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Carrollton
    County
    Dallas
    State
    Texas
    Longitude
    -96.9324237
    Latitude
    33.0235026

    Comparable in this City

    • $18 SF/Yr
      4,100 SF

      Hebron Heights Retail Center

      Dallas Retail Space: 980-1190 SF Available
      1012 Hebron Pkwy, Carrollton, TX 75010
      View Details
    • Contact for pricing
      20,700 SF

      Retail Space Near RL Turner

      Retail spaces available near major highways and high school.
      14510 Josey Ln, Carrollton, TX 75010
      View Details
    • Contact for pricing
      1,509 SF

      Retail Space on Hebron Parkway

      Retail space available in Carrollton, Texas, at Hebron Parkway.
      1008 W Hebron Pkwy, Carrollton, TX 75010
      View Details
    • $25 SF/Yr

      Carrollton Retail/Office Shell Space

      Shell space with highway frontage, ideal for retail or office.
      4116 100, Carrollton, TX 75010
      View Details
    • $25 SF/Yr
      1,670 SF

      Carrollton Retail/Office Shell Space

      Shell space in high-traffic area, ideal for retail or office.
      4116 Sh 121, Carrollton, TX 75010
      View Details
    • Contact for pricing
      3,263 SF

      Restaurant Opportunity in International Business

      Second generation restaurant space in a high-traffic Plano location.
      3450 E Hebron Pkwy, Carrollton, TX 75010
      View Details

    Similar Nearby for Sale

    • $3,631,578
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      New NNN Lease Restaurant

      New restaurant with a long-term NNN lease in Carrollton.
      4825 N Josey Ln, Carrollton, TX 75010
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    • $649,000

      Commercial Shell Space in Carrollton

      Prime commercial space with highway frontage, ideal for various businesses.
      4116 State Highway 121, Carrollton, TX 75010
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    • New
      $721,000

      Commercial Prep Kitchen with Studio

      Commercial prep kitchen with studio space suitable for various businesses.
      4116 State Highway 121, Carrollton, TX 75010
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    • $2,499,000
      2.83 Acres

      Carrollton Commercial Land Investment

      2.83 Acres, High-Growth Area, Prime Location
      4242 Marsh Ridge Rd, Carrollton, TX 75010
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      Carrollton Executive Office/Flex

      6,500 SF Office Building, New Construction
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    • $975,000
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      Prime Carrollton Commercial Land

      Half-acre pad site, ideal owner-user.
      2517 Hebron Pkwy, Carrollton, TX 75010
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      4,100 SF

      Hebron Heights Retail Center

      Dallas Retail Space: 980-1190 SF Available
      1012 Hebron Pkwy, Carrollton, TX 75010
      View Details
    • Contact for pricing
      20,700 SF

      Retail Space Near RL Turner

      Retail spaces available near major highways and high school.
      14510 Josey Ln, Carrollton, TX 75010
      View Details
    • Contact for pricing
      1,509 SF

      Retail Space on Hebron Parkway

      Retail space available in Carrollton, Texas, at Hebron Parkway.
      1008 W Hebron Pkwy, Carrollton, TX 75010
      View Details
    • $25 SF/Yr

      Carrollton Retail/Office Shell Space

      Shell space with highway frontage, ideal for retail or office.
      4116 100, Carrollton, TX 75010
      View Details
    • $25 SF/Yr
      1,670 SF

      Carrollton Retail/Office Shell Space

      Shell space in high-traffic area, ideal for retail or office.
      4116 Sh 121, Carrollton, TX 75010
      View Details
    • Contact for pricing
      3,263 SF

      Restaurant Opportunity in International Business

      Second generation restaurant space in a high-traffic Plano location.
      3450 E Hebron Pkwy, Carrollton, TX 75010
      View Details
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    4132 State Highway 121
    Carrollton, TX 75010
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    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.

    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
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