4819 State Highway 121The Colony, TX 75056

Property Details for 4819 State Highway 121

Year built

2015

Lot size

1.95 AC

Property size (Sq ft)

1,975 SF

Property type

Office properties

Property subtype

Other office properties

APN

R693810

APU

R693810

Description

This exceptional Class A office building, located at 4819 State Hwy 121, Suite 10, The Colony, TX 75056, presents a compelling investment opportunity. Boasting 4,212 to 4,450 square feet across one story, this property is ideally situated on the frontage road of the Sam Rayburn Tollway (HWY 121) and Main Street, benefiting from high visibility and a significant traffic count of 109,704 vehicles daily (source: CoStar). The building features eleven luxurious executive suites, each with its own US Postal address, making it suitable for medical or professional office use. Currently generating rental income until February 2025, the new owner can continue leasing individual units or occupy the entire space. The property is part of a two-building complex offering a synergistic professional environment with ample parking and fully maintained landscaping. Its prime location offers easy access to the North Dallas Tollway and is surrounded by numerous retail and restaurant amenities, including major national brands such as TopGolf, Studio Movie Grill, Nebraska Furniture Mart (Grandscape), and Toyota HQ. Building and monument signage is available, ensuring maximum brand exposure. The property offers convenient in-and-out office entrances and easy parking. The asking price is $1,600,000. Broker co-op is available.

• CAP approach

  CAP return

  Valuation

  6%

  $361,384

  6.5%

  $333,585

  7%

  $309,757

• Comparable approach

  Method

  Valuation

  Relative Method

  $238,320

  Geo Method

  $237,632

• Alternative Use

  Use

  Valuation

  Residential

  $413,645

  Hospitality

  $378,897

  Educational

  $315,238

  Medical

  $326,079

  Retail

  $490,370

Location Insight

City

The Colony

County

Denton

State

Texas

Latitude

33.2053

Longitude

-97.117

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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