4815 State Highway 121, The Colony, TX 75056
121 Office Plaza Condo · Denton County
Key Facts
Description
A premier single-tenant office condo fronting SH 121, offering a high performing, low maintenance investment property in one of the fastest growing corridors in North Texas. Passive income through an NNN lease with minimal landlord responsibilities and significant upside potential due to below-market rent. Renewal options provide both immediate cash flow and long term value. It features 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. Stable tenant with a net income of $46,800 annually and a strong likelihood of renewal. Zoned PD 11 allows a wide range of uses, including medical, dental, general offices, personal services, tutor centers and etc. Multiple established medical clinics are within the building, creating strong synergy and consistent foot traffic. Located in dense commercial environment in an affluent area with $150k average household income and more than 12% population growth since 2020. Ideal for investors or owner users. Managed by 121 Office Plaza Condominium Association.
Property Information
Property Type
Commercial Sale
Sub-Type
Office
Year Built
2015
Stories
1
Living Area
1,947 sq ft
Lot Size
0.04 acres
Days on Market
8
MLS® Listing#
21249192
Property Features
Cooling
Heating
Flooring
Parking
Construction
Foundation
Roof
Utilities
Sewer
Water Source
Financial Details
Parcel Number
R655706
Directions
Located at 4815 SH 121 in The Colony, the property sits along the north side of State Highway 121. From Dallas North Tollway, head north and exit toward SH 121, then merge east. Continue on SH 121 for approximately 2 miles—the property will be on your right with direct frontage and easy access.
Affordability Calculator
$144,000
Estimated monthly payment
$3,832/mo
Principal $576,000 · Est. interest $803,571 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in The Colony, TX
- $535,211
- Median Listing Price
- 40
- Median Days on Market
- 2,470
- Median Sq Ft
- $218
- Median Price / Sq Ft
- 752
- Active Listings
- This home’s price is 35% above the area median.
- Its price per sq ft is 70% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in The Colony, TX.
Location
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Points of Interest in The Colony, TX
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Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 2926 Coastal Sage Lane, Iowa Colony, TX | $504,713 | 4 | 3 | 2,728 |
| 51 E Autumn Branch Circle, The Woodlands, TX | $505,000 | 4 | 3 | 2,440 |
| 63 Douvaine, The Woodlands, TX | $505,000 | 3 | 3 | 2,135 |
| 5529 Big River Drive, The Colony, TX | $505,000 | 4 | 3 | 3,516 |
| 53 E Torch Pine Circle, The Woodlands, TX | $507,000 | 4 | 3 | 1,832 |
| 5013 Ridgecrest Drive, The Colony, TX | $510,000 | 4 | 3 | 2,920 |
Moving Cost Estimate
EXIT Agents in The Colony
Listing Courtesy: Younger Partners Dallas, LLC - 214-294-4400
Presented by: Jennifer Permenter
Last Updated: 2026-04-23