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Harrison Lilly

| Harrison Lilly Realty Dallas | Harrison Lilly Realty | PLACE

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4815 State Highway 121 , The Colony, TX 75056
$732,072
Est. Payment: $4,052.18/mo
1947 Sqft
0.04 Acres
Status: active | Days on site: 170
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YPDL01 - 0397828
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House Description

A premier single-tenant income property fronting SH 121 in The Colony, offering a high performing, low maintenance asset in one of the fastest growing corridors in North Texas. A 5-year NNN lease with annual rent escalations provides stable passive income. Lease term is Oct 1st 2026 - Sep 30th, 2028. Gross rent $74,160 and cap rate starting from 7.50% in Year 1. This investment offers an attractive combination of immediate cash flow, limited management responsibilities, and long-term value appreciation potential. High quality interior finishes in 2024, 7 rooms, 2 restrooms, 2 showers and 1 break room. Plumbing in all 7 rooms, washer and dryer hookups and showers - ideal for professional or medical users. Prominent pylon signage along SH 121 with high visibility and strong branding exposure. Zoned PD 11 allows a wide range of uses, including medical, dental, general offices, personal services, tutor centers and etc. Located in dense commercial environment in an affluent area with $150k average household income and more than 12% population growth since 2020. Managed by 121 Office Plaza Condominium Association.

Highlights

Listed by Jennifer Permenter , Younger Partners Dallas, LLC , North Texas Real Estate Information Systems

Property Type

Commercial Sale

Lot/Acreage
0.04

Year Built

2015

County

Denton

Neighborhood

121 Office Plaza Condo

Listing ID

21249192

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Interior Features

Air Cond:Central Air,Electric
Fireplaces:
Floor:Engineered Wood

Exterior Features

Lot:Less Than .5 Acre (not Zero)
Zoning:Planned Development (PD)
Roof:Composition
Others:
  • ▪ Additional:Preowned
Parking Features:Common
Principal Interest
$4,052
Taxes
$467

Home Price

$732,072

Loan Details

30 yrs
7.393%

Down Payment

20%
$146,414
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$4,052.18

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,052.18 $466.70 $0.00 $4,518.87
Yearly $48,626.14 $5,600.35 $0.00 $54,226.49
Total $1,458,784.30 $168,010.52 $0.00 $1,626,794.82

Today's Rates

30 Year

7.39%

20 Year

7.2%

15 Year

6.63%

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Market insight data is pulled from the same city as the listing being viewed (The Colony, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by North Texas Real Estate Information Systems Multiple Listing Service, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-10-10T18:05:49.117Z

© 2026 North Texas Real Estate Information Systems