Sell my commercial building or land in Colleyville, TX

A buyer of a leased building is buying its income, so expect questions about occupancy. Community Impact reported that overall occupancy in Colleyville is 93%. The same report said Colleyville has increased its retail occupancy rate to 96%, according to an economic development update presented Oct. 5. It gave the market median rent rate in Colleyville as $27 per square foot.

Supply is the other side. That Community Impact report counted 82,989 square feet of construction currently underway and another 175,000 square feet planned, according to the city.

If your building is full and your leases run for a while, a buyer can underwrite it today. If a large lease is close to expiring, decide whether to renew it first and sell a stable rent roll, or sell now and price in the risk.

Most of the reported deals sit on SH 26, also called Colleyville Boulevard. In October 2025, Community Impact reported that Council approved the sale of 3.81 acres of city-owned property located at the southeast corner of John McCain Road and Colleyville Boulevard at the Oct. 21 meeting. The purchase-sale agreement is for $2.5 million. The developers, CDC Equities LLC, plan to construct Garages of America. In June 2026, Community Impact reported that City Council approved the second reading for a rezoning request to allow for vehicle storage, retail, office and warehouse uses on two properties by a 6-0 vote during the June 16 meeting. That report said there were 22 responses received against the development.

At the southern gateway, Community Impact reported in November 2025 that Council approved a Letter of Intent with Huntington Properties, a retail developer, for the purchase of 5.7 acres located on Acuff Lane and SH 26. Huntington Properties intends to purchase the property for over $3.1 million. A January 2026 Community Impact report covered Colleyville City Council's approval of a purchase-sale agreement at the Jan. 6 meeting. That report said the buyer intends to purchase a 6-acre property for $3.1 million to construct commercial, retail and restaurant buildings. Closing on the property is subject to the buyer obtaining council-approved zoning changes for the intended property improvements.

At the north end, Community Impact reported in June 2025 that City Council approved the initial agreement with the developer June 4 for the purchase of 22 acres on the corner of SH 26 and John McCain Road. In September 2026, Community Impact reported that Council members unanimously approved transferring a purchase-sale agreement from NuCiti Capital Partners to Lone Star Blackjack Oak LLC during the Sept. 1 meeting. That plan would include a par 3 golf course, a driving range and other commercial uses, such as retail and restaurant spaces. The City's FY23 adopted budget said the City has purchased 41 acres within the Northern Gateway at SH26 and John McCain. Our October 2026 research did not find whether the 3.81-acre and 22-acre tracts overlap.

A council vote, a letter of intent or a purchase-sale agreement is not a closed sale, and a city selling its own land negotiates on terms a private seller may not have. Use these as reference points for your asking price, not as comparable sales for your parcel.

An office buyer will check the zoning table before anything else. In the city's table of permitted principal uses, General Business Offices not elsewhere listed are marked P in the CPO, CN, CC1, CC2 and CC3 districts and S in ML. Real Estate Agency Offices follow the same pattern. A "P" in a cell indicates that the use is allowed by right as the principal use in the applicable zoning district. An "S" in a cell indicates that the use may be allowed with the approval by the City Council of a Special Use Permit.

For CPO Professional Office land, the code describes the district as designed to be compatible adjacent to or near residential areas, with a lot size maximum that "is small to encourage small-scale developments." The district's dimensional table lists a maximum lot size of 1 acre.

Office land still trades. In January 2026, Community Impact reported that Council approved a request for 2.81 acres located at 105 Professional Court and 5301 Colleyville Boulevard to be replatted from two lots to five lots for future office development. The property was undeveloped and zoned for office use.

For medical office, location near care is part of the pitch. Baylor Scott & White says its Colleyville emergency hospital "is conveniently located on the corner of Colleyville Boulevard and Church Street, across from the Market Street shopping center." A November 2015 Fort Worth Business Press report said The Village at Colleyville had been sold, with a 1031 exchange investor purchasing the medical office and multifamily mixed-use building at 5232 Colleyville Blvd. That report said the building featured 15,000 square feet of medical office space and 30 multifamily units. The medical space was leased by Colleyville Family Medicine.

Buyers price a leased building on its income. Have the rent roll, every lease and amendment, and the expense history ready before the first tour, and confirm each tenant's use matches the zoning table.

A buyer rebuilds your expense line from the tax bill. Community Impact's September 2026 report, headlined "Colleyville council approves $98.33M budget, higher tax rate", gives the FY 2026-27 tax rate as $0.352480 per $100 valuation, an increase compared to $0.311931 per $100 valuation for FY 2025-26. The total sales tax rate in the City of Colleyville is 8.25%, which includes the state rate of 6.25% and an additional 2% collected by the City.

The appraised value comes from Tarrant Appraisal District, which set the 2026 protest deadline at May 15, 2026, or 30 days after the date the Notice of Appraised Value was delivered. In the city's fiscal 2025 annual financial report, the Principal Property Tax Payers table puts total assessed valuation at 7,413,295,246 in the current-year column. The listed principal taxpayers in that column total $184,060,288, or 2.48%.

Gather the last few tax bills and the result of any protest. If a protest is pending when you go under contract, tell the buyer, and ask your tax professional how a sale may change the next appraisal.

If the property took a city grant, or could, the buyer will want the terms. The City of Colleyville says it provides comprehensive incentives to retain and attract desired businesses on a case-by-case basis. The criteria for its BEST Grant include improvements with significant frontage on SH26. They also include improvements that redevelop properties along SH26, including projects that assemble multiple parcels into one cohesive development. And they include improvements that bring existing, non-conforming building and signs into compliance with the current Land Development Code.

Two rules on the City's grant pages shape what a buyer can still claim. For the SAFER sprinkler grant, once the system has satisfactorily passed inspection and testing, the City will issue the grant money. For the SIGN grant, no grant will be awarded for work that has already been initiated or completed.

Disclose any grant agreement on the property and its conditions, and ask the city whether its obligations pass to a new owner. If your site could be combined with a neighbor's, that is worth raising with buyers who assemble land.

The City of Colleyville Land Development Code says no building permit shall be issued unless the property has been platted of record. Chapter 3 provides, in the cases that provision covers, that "a site plan shall be submitted for review and approval to the Administrative Official prior to the issuance of a building permit." The City of Colleyville Land Development Code also says no final plat for new development shall be approved within the service area without assessment of impact fees.

For an existing building, a buyer with a different use meets the certificate of occupancy rule: no non-residential building, or portion thereof, or parcel of land shall change in use or occupancy until a certificate of occupancy has been issued by the City. Application for a certificate of occupancy shall be made to the Building Inspection Office.

Land that is already platted is simpler for a buyer to underwrite than raw acreage. Pull the recorded plat, the survey and the current certificate of occupancy before you list, so the buyer's diligence confirms what you already showed them.

A buyer who needs a different use will ask for time to rezone. The Colleyville Land Development Code says all requests for a change in zoning shall be submitted, together with the required fee, to the Administrative Official. The Planning and Zoning Commission shall hold a public hearing and receive comment. No less than fifteen (15) days notice of the time, place and nature of the public hearing shall be published. Written notice of the public hearing shall be sent to all owners of real property lying within five hundred (500) feet of the property and all Home Owner's Associations (HOA's) lying within one thousand (1,000) feet of the property being considered. The sign shall be posted at least ten (10) days prior to the hearing.

The Planning and Zoning Commission shall vote on the proposal and report its recommendation to the City Council. The Colleyville Land Development Code also says failure by the Commission to act on an amendment within sixty (60) days of the first date of public hearing shall be considered a recommendation for denial of the amendment. No amendment shall be made without public hearing before the City Council.

The city's stated goal is to "Support landowners in developing key sites to their highest and best use". The City says one of the comprehensive plan's major initiatives is to enhance Colleyville Boulevard's role as a key commercial corridor and support businesses along the roadway.

A sale that waits on a zoning change carries two hearings and neighbor notice, and it can fail. Agree the contingency, the deadline and who pays for the application before you sign, and price the wait into the deal. The development tracker follows these cases.