Freestanding Storefront
For Sale
$589,000
1217 FM 157, Mansfield, TX 76063
COMMERCIAL - Mansfield, TX
Property Size2,600 SF
Lot Size0.44 Acres
Price / SF$226.54
Days on Market41
Property Features for 1217 FM 157
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
C-2
Subdivision
CALLENDER, SIDNEY S SURVEY
Directions
Head south on FM 157 from US-287 approximately 1.2 miles. Property is on FM 157 at Business 287
Standard status
Active
APN
80275583
Lot size
0.44 Acres
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
1984
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
MetalSiding
Roof type
Metal
Listing Agency:
Donna Kemp-Long
(210) 535-1012
Listed By:
Donna Kemp-Long · License #0543010
(210) 535-1012
Added: Jul 21
Changed: Aug 19
Last Checked: Aug 30 at 11:06AM
MLS# 21337239
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.
Investment Insights
Based on property information with market context.
This freestanding 2,600-square-foot commercial building was built in 1984 and features concrete flooring, metal siding, a metal roof, central air, public water, and public sewer. The property includes 19 parking spots and a 0.44-acre lot, providing a practical setting for neighborhood-oriented commercial operations.
Located at 1217 FM 157 in Mansfield, the site has access from both FM 157 and Business 287 and records 28,042 Vehicles Per Day. C-2 zoning supports a broad range of commercial uses. Coin-operated laundry is not permitted, and the prior legal nonconforming status cannot be restored after more than 180 days of vacancy; a retail cleaning or laundry facility such as a dry cleaner remains allowed, along with other permitted C-2 uses.
Located at 1217 FM 157 in Mansfield, the site has access from both FM 157 and Business 287 and records 28,042 Vehicles Per Day. C-2 zoning supports a broad range of commercial uses. Coin-operated laundry is not permitted, and the prior legal nonconforming status cannot be restored after more than 180 days of vacancy; a retail cleaning or laundry facility such as a dry cleaner remains allowed, along with other permitted C-2 uses.
Key Highlights
- 2,600 SF freestanding commercial building on a 0.44‑acre lot
- C‑2 zoning supports a broad range of commercial uses
- Two access points: FM 157 and Business 287
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,156
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$863,120
$863.1K
Cap Rate 7%
$616,514
$616.5K
Cap Rate 9%
$479,511
$479.5K
Market Conditions
NOI Build-Up for 2,600 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$64.9K $24.96/SF
− Vacancy
−$3.2K −$1.25/SF
EGI
$61.7K $23.71/SF
− OpEx
−$18.5K −$7.11/SF
NOI
$43.2K $16.60/SF
Area
Tarrant County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$863,120
Cap Rate 7%
$616,514
Cap Rate 9%
$479,511
Alternative Uses
Best Use
Retail
$616.5K
$539.5K – $719.3K
NOI $43,156 @ 7.0% cap · market cap 7.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$914.6K
$800.3K – $1.07M
NOI $64,022 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
28,042 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
334
Businesses Nearby
24k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Whataburger
Dining
23,519 visits/mo
0.1 miles
Demographics for 76063, TX
76,914
Population
28,105
Households
2.7
Avg Household Size
37
Median Age
42%
College-Educated
94%
High-School Grad
50.0 sq mi
ZIP Area
1,538
Density / Sq Mi
$113,177
Median Household Income
$56,480
Median Earnings
$1,762
Median Rent
$378,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - C-2 zoning supports a range of neighborhood commercial uses with convenient customer access.
Where is this storefront property located?
The property is located at 1217 FM 157 Mansfield, TX.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: 2,600 SF freestanding commercial building on a 0.44‑acre lot; C‑2 zoning supports a broad range of commercial uses; Two access points: FM 157 and Business 287
