# 4815 State Highway 121, The Colony, TX 75056 > **TL;DR:** commercial, $732,072 ($382/sqft), built 2015, 1,918 sqft. > A/C. Est. $3,916/mo. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $732,072 | | Price/sqft | $382 | | Square Feet | 1,918 | | Year Built | 2015 | | Lot Size | 1,947 sqft (0.04 acres) | | Stories | 1 | | Property Type | Commercial (Office) | | Status | Active | | Days on Market | 0 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $3,702 | | Estimated Insurance | $214 | | **Total** | **$3,916** | ## Key Amenities - A/C ## Property Highlights - Built in 2015 - 0.04 acre lot ## Description ### Agent 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. ## Location - **Address:** 4815 State Highway 121, The Colony, TX 75056 - **County:** Denton - **Neighborhood:** 121 Office Plaza Condo - **Coordinates:** 33.068418, -96.88554 - **Google Maps:** https://www.google.com/maps?q=33.068418,-96.88554 ## Virtual Tour & Media - **Video Tour:** https://www.propertypanorama.com/instaview/ntreis/21249192 ## Listing Agent - **Name:** Jennifer Permenter - **Brokerage:** Younger Partners Dallas, LLC - **Broker Phone:** (214) 238-8000 ## Photos ![4815 State Highway 121 - Photo 1](http://lh.rdcpix.com/7945ddf24446c955067b55f7c974c971l-f1777447758r.jpg) ![4815 State Highway 121 - Photo 2](http://lh.rdcpix.com/7945ddf24446c955067b55f7c974c971l-f1521521857r.jpg) ![4815 State Highway 121 - Photo 3](http://lh.rdcpix.com/7945ddf24446c955067b55f7c974c971l-f1266983715r.jpg) ![4815 State Highway 121 - Photo 4](http://lh.rdcpix.com/7945ddf24446c955067b55f7c974c971l-f13137336r.jpg) ![4815 State Highway 121 - Photo 5](http://lh.rdcpix.com/7945ddf24446c955067b55f7c974c971l-f933993853r.jpg) ![4815 State Highway 121 - Photo 6](http://lh.rdcpix.com/7945ddf24446c955067b55f7c974c971l-f1877739353r.jpg) ![4815 State Highway 121 - Photo 7](http://lh.rdcpix.com/7945ddf24446c955067b55f7c974c971l-f760709514r.jpg) ![4815 State Highway 121 - Photo 8](http://lh.rdcpix.com/7945ddf24446c955067b55f7c974c971l-f3747884697r.jpg) ![4815 State Highway 121 - Photo 9](http://lh.rdcpix.com/7945ddf24446c955067b55f7c974c971l-f212093827r.jpg) ![4815 State Highway 121 - Photo 10](http://lh.rdcpix.com/7945ddf24446c955067b55f7c974c971l-f1259899594r.jpg) ![4815 State Highway 121 - Photo 11](http://lh.rdcpix.com/7945ddf24446c955067b55f7c974c971l-f675717090r.jpg) ![4815 State Highway 121 - Photo 12](http://lh.rdcpix.com/7945ddf24446c955067b55f7c974c971l-f4066967399r.jpg) ![4815 State Highway 121 - Photo 13](http://lh.rdcpix.com/7945ddf24446c955067b55f7c974c971l-f915950552r.jpg) ![4815 State Highway 121 - Photo 14](http://lh.rdcpix.com/7945ddf24446c955067b55f7c974c971l-f3201976011r.jpg) ![4815 State Highway 121 - Photo 15](http://lh.rdcpix.com/7945ddf24446c955067b55f7c974c971l-f3046626959r.jpg) ![4815 State Highway 121 - Photo 16](http://lh.rdcpix.com/7945ddf24446c955067b55f7c974c971l-f145935919r.jpg) --- **MLS#:** 21249192 | **Updated:** 2026-10-27 **Source:** listhub *Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/4815-state-highway-121-the-colony-tx-75056-8e1b3b506e594ee2a0cad7905f41be23) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/4815-state-highway-121-the-colony-tx-75056-8e1b3b506e594ee2a0cad7905f41be23#listing", "url": "https://www.propertysimple.ai/listing/4815-state-highway-121-the-colony-tx-75056-8e1b3b506e594ee2a0cad7905f41be23", "name": "4815 State Highway 121, The Colony, TX 75056", "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. 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