4109 Brown Trl Colleyville, TX 76034-3998

Property Details for 4109 Brown Trl

Year built

1986

Lot size

1.53 lot acres

Property size

15,234 SF

Property type

Office buildings

APN

4025-1-1D

APU

402511D

Description

This 15,215-square-foot medical office building, located at 4109 Brown Trail in Colleyville, Texas, presents a compelling investment opportunity. Built in 1986, the property sits on a 1.532-acre lot and is currently 70% occupied with a mix of medical and professional tenants under NNN leases, minimizing landlord responsibilities. The current Net Operating Income (NOI) is $165,003, yielding a 5.95% capitalization rate. However, significant value-add potential exists. A pro-forma NOI of $275,967 projects a 9.94% capitalization rate. This potential is driven by 4,559 square feet of available space, currently priced at $17.36 per square foot NNN. Recent lease renewals, such as the one with Texas Colon & Rectal Specialists, demonstrate strong tenant commitment. The building enjoys a prime location at the southeast corner of Brown Trail and Colleyville Boulevard, a major thoroughfare with 22,187 vehicles passing daily. The area boasts exceptional demographics, with average household incomes exceeding $156,599 within a one-mile radius—more than double the national average. Nearby national retailers include Walmart, Whole Foods, Ace Hardware, Petco, Walgreens, Exxon, and Orangetheory Fitness, further enhancing the property's desirability and accessibility. The asking price for this multi-tenant office building is $2,775,000.

Location Insight

City

Colleyville

County

Tarrant

State

Texas

Longitude

-97.1608

Latitude

32.8733

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments