Date
Details
Price
Change
Source
2/04/2026
Listed
$499,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/31
$499,000 Sale Pending
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1/31
Property Description
Location! Location! Location! Currently zoned R20 for residential use with surrounding properties zoned CC1, CN and R20. Buyer to verify zoning with the City of Colleyville Planning Commission. Buyer will be responsible for rezoning after closing and funding. Buyer to verify any rezoning allowance for any planned use. This Property has been updated. Exterior features include an inviting drive-up appeal with wood frame and siding exterior, covered front porch, huge lot with long driveway and concrete parking pad, maintained grounds with trees, and a backyard deck that faces the creek. Interior features include an open concept with combination living area and dining open to the kitchen. The kitchen and dining are separated by a long breakfast bar. The kitchen includes a dishwasher, sink, microwave, and electric range. There are 2 bedrooms with ensuite bathrooms, and a laundry room with room for a full-size washer and dryer. This property is a MUST SEE full of potential in the heart of a thriving business and high-end home community. The Sellers also have 2 ADDITIONAL LOCATIONS FOR SALE: 5017 Colleyville Blvd zoned CC1-Village Retail w City approved Grant to assist w improvements (MLS 21166944)& 450 W Harwood in Hurst zoned PD (MLS 21138314). Buyer to verify all details & information provided. For more information, see the Transaction Desk.
Full Property Details
Full Property Details for 5016 Thompson Terrace
General
- Price: $499,000
- Taxes: $5,886
- Status: Pending
- Type: Business
- Source: NTREIS
- MLS ID: 21171113
- Updated: 3/16/2026
- Added to Site: 58 day(s) ago
Business
- Business Type: Accounting, Gift Shop, Professional/Office, Other, Pro
Interior
- Flooring: Carpet, Engineered Hardwood, Tile
Parking
- Parking Features: Driveway, Parking Pad
Location
- County: Tarrant
- Subdivision: Thompson Terraces Sub
- Driving Directions: Going northbound from Glade Road on Colleyville Blvd Hwy 26, turn right on Thompson Terrace, property is down the street on the right.
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Electric
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Sewer Available, Water Available
Structural Information
- Detached/Attached: Detached
- Construction: Wood Siding
- Roof: Composition
- Stories/Levels: 1
- Square Feet: 1,119
- Sq. Ft. Source: Appraiser
- Year Built: 1948
Lot Features
- Lot Size (Acres): 0.538
- Lot Size (Sq. Ft.): 23,435.28
- Lot Size Source: Assessor
- Lot Features: Back Yard, Lawn, Few Trees
- Potential Use: Other
- Zoning: Currently R-20 Residential. Slated for commercial use. Zoning to be determined. This is a rezoning case that needs to go before the Planning Commission Council. Surrounding properties zoned CC-1, CN a
Water Features
- Water Front: Yes
- Water Front Desc.: Creek
Financial Considerations
- Tax Amount: $5,886
- Tenant Pays: None
Disclosures and Reports
- Documents Avail.: Aerial
- Legal Description: THOMPSON TERRACES SUBDIVISION BLOCK 1 LOT 12
- Exclusions: Inquire with Listing Broker.
- Inclusions: Land & Improvements
- Property ID: 3127486
- Block: 1
- Lot Number: 12
Listed by Tina Leigh Realty, Tina Leigh
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agent
— 5016 Thompson Terrace —
Tina Leigh
Tina Leigh Realty
972-824-0631
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 5016 Thompson Terrace
School District:Grapevine-Colleyville Independent School District
| Name | Grades | Distance |
|---|---|---|
Bransford Elementary School 601 Glade Road, Colleyville, TX 76034 | PK-5 | 0.4 mi |
Colleyville Middle School 1100 Bogart Drive, Colleyville, TX 76034 | 6-8 | 0.8 mi |
Grapevine High School 3223 Mustang Drive, Grapevine, TX 76051 | 9-12 | 3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5016 Thompson Terrace
Tax History
Tax History for 5016 Thompson Terrace
Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,688
-71%
$319,000
-9%
2023
$5,904
—
$350,000
17%
2022
$5,925
28%
$300,000
40%
2021
$4,624
-22%
$215,000
-21%
2020
$5,940
-11%
$270,486
-10%
2019
$6,699
-4%
$301,472
—
2018
$6,970
33%
$301,472
35%
2017
$5,225
—
$223,397
1%
2016
$5,211
137%
$220,555
133%
2015
$2,197
15%
$94,800
—
2013
$1,905
—
$94,800
15%
2013
$1,905
—
$82,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5016 Thompson Terrace
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5016 Thompson Terrace, Colleyville, TX 76034 (MLS# 21171113) is a Business property. 5016 Thompson Terrace is currently listed for $499,000 and was received on February 04, 2026. Want to learn more about 5016 Thompson Terrace? Do you have questions about finding other Business real estate for sale in Colleyville? You can browse all Colleyville real estate or contact a Coldwell Banker agent to request more information.