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    3700 Standridge Dr The Colony, TX 75056
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    3700 Standridge Dr, The Colony, TX 75056

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    • Office Units
    For Lease
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    Professional Office Suites Available For Lease
    Contact for pricing

    Professional Office Suites Available

    Office suites for rent near State Highway 121.

    3700 Standridge Dr, The Colony, TX 75056
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    Property ID
    US83-1864816
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Units

    Property Details for 3700 Standridge Dr

    Property type
    Office Units
    Property subtype
    Commercial real estate

    Description

    Three Professional Office Suites Available in this desirable location off of State Highway 121 and just minutes from restaurants, retail, and DFW Airport! This property has newly renovated common areas and ample parking. Cubicles and some furniture are available if desired. The rate is full-service and offers business professionals an easy turn-key office solution. Call Broker today to discuss your business needs!

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    The Colony
    County
    Denton
    State
    Texas
    Longitude
    -96.900998
    Latitude
    33.062194

    Comparable in this City

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      20,738 SF

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      3700 Standridge Dr, The Colony, TX 75056
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      2,500 SF

      Modern Office Space in Colony

      Exceptional office space with modern finishes and convenient location.
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      Office Space in Castle Hills

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      Retail and Office/Medical Spaces

      Retail and office/medical spaces available for lease.
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      1,200 SF

      Prime Retail/Office Space on Main

      High-visibility location with build-to-suit opportunity in growing area.
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      333,757 SF

      Prime Frontage Flex Showroom Space

      Modern flex space in high-growth area near major highways.
      2601 State Highway 121, Lewisville, TX 75056
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    Similar Nearby for Sale

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      2,118 SF

      Lewisville Flex Space For Sale

      High-end flex space in premium location, built in 2022.
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    • $720,000
      0.04 Acres

      Single-Tenant Office Condo on SH 121

      High-visibility office condo with stable tenant and renewal potential.
      4815 State Highway 121, The Colony, TX 75056
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      2,478 SF

      Finished Office Space For Rent

      Move-in ready office space with highway frontage in The Colony.
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    • $1,990,000
      1.74 Acres

      Lewisville Commercial Property For Sale

      Versatile commercial property with retail, office, and service use potential.
      2345 State Highway 121, Lewisville, TX 75056
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      Versatile Commercial Property For Sale

      Commercial property with retail, office, and service use potential.
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      Prime Land in The Colony

      0.62 AC site with build-to-suit opportunity.
      3712 Standridge Dr, The Colony, TX 75056
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      20,738 SF

      Professional Office Suites For Rent

      Office suites available in a desirable location with ample parking.
      3700 Standridge Dr, The Colony, TX 75056
      View Details
    • Contact for pricing
      2,500 SF

      Modern Office Space in Colony

      Exceptional office space with modern finishes and convenient location.
      4181 Main St, The Colony, TX 75056
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      3,181 SF

      Office Space in Castle Hills

      Office space for rent in master-planned Castle Hills community.
      2520 King Arthur Blvd, Lewisville, TX 75056
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      4,000 SF

      Retail and Office/Medical Spaces

      Retail and office/medical spaces available for lease.
      5017 Main St, The Colony, TX 75056
      View Details
    • Contact for pricing
      1,200 SF

      Prime Retail/Office Space on Main

      High-visibility location with build-to-suit opportunity in growing area.
      7120 Main St, The Colony, TX 75056
      View Details
    • $19 SF/Yr
      333,757 SF

      Prime Frontage Flex Showroom Space

      Modern flex space in high-growth area near major highways.
      2601 State Highway 121, Lewisville, TX 75056
      View Details
    View Listing
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    The Colony, TX 75056
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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.

    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.

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