Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    602 S 3Rd St Mabank, TX 75147

    Sponsored
    For Sale
    $150,000

    Commercial, Land Only - Mabank, TX

    Days on Market:
    65
    Last Refresh:
    Jan 25 at 11:06 am

    Property Features for 602 S 3Rd St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    00239000150009009505

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jamye Montgomery
    Jamye Montgomery

    Keller Williams Realty - Cedar Creek Lake Properties (972) 772-7003

    Listing agent Jamye Montgomery (903) 910-3400

    Listing date Nov 22, 2025

    MLS# 110002 Listing URL

    Copyright © 2026 Henderson County Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Commercial Lot in Growing Mabank

    This commercial lot is available for sale in Mabank, Texas. Situated on the corner of S. 3rd Street and Walnut, the property features approximately 125 feet of road frontage on a major state highway with a high traffic volume. This location is suitable for a new business, investment property, or future commercial development. Utilities are available at the road, providing access to water, sewer, and electric services. The land is located inside an Opportunity Zone, potentially offering tax benefits for qualified investors. The site benefits from nearby communities including Gun Barrel City, Kaufman, and Athens. Mabank is known for its pro-business environment, making the development process straightforward for various ventures such as retail, restaurant, fast food, salon, office, or medical facilities. This commercial property is positioned for developers, franchise owners, and investors seeking a high-traffic location with exposure and future growth potential. Its central location provides access to nearby schools, restaurants, established businesses, and major routes. This site offers space, access, and visibility. Buyers should verify zoning and permitted uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mabank
    County
    Henderson
    State
    Texas
    Longitude
    -96.096142
    Latitude
    32.374492

    Nearby Similar for Sale

    • $1,695,000
      3,433 SF

      Texas Ranch with Vineyard and Residence

      20+ acre Mabank, TX ranch with vineyard, residence, and amenities.
      1933 Vzcr 2721, Mabank, TX 75147
      View Details
    • $999,000
      17,446 SF

      Mabank Commercial Property with Versatile Buildings

      1.65-acre property with five buildings and roll-up doors.
      920 W Mason St, Mabank, TX 75147
      View Details
    • New
      $949,900
      Pending

      Barndominium Retreat on 9+ Acres

      Stunning 4-bedroom barndominium on 9.32 acres near Dallas.
      16006 County Road 4008, Mabank, TX 75147
      View Details
    • $2,300,000
      4,475 SF

      Mabank Ranch with Updated Home

      118-acre ranch featuring a renovated 4,475 SF home.
      2523 Fm 90, Mabank, TX 75147
      View Details
    • $650,000
      1,792 SF

      Mabank Farm/Ranch with Equestrian Facilities

      Tranquil 12-acre property with equestrian facilities and versatile country living.
      6060 Pinnacle Club Dr, Mabank, TX 75156
      View Details
    • $1,049,999
      1,850 SF

      Mabank Farm/Ranch with Barndominium

      57.5 acre Mabank property with barndominium, ponds, and development potential.
      800 Vz County Road 2807, Mabank, TX 75147
      View Details
    • $999,000
      1.65 Acres

      Mabank Business Property with Buildings

      1.65-acre property with five buildings and roll-up doors.
      920 W Mason St, Mabank, TX 75147
      View Details
    • $284,900
      2,128 SF

      Mabank Ranch with Workshop

      7.26-acre ranch featuring a workshop and two manufactured homes.
      1119 Vz County Road 2312, Mabank, TX 75147
      View Details
    • $325,000
      0.54 Acres

      Waterfront Land in Gated Community

      Waterfront property in Cedar Creek Landing gated resort community.
      32 Shoreline Dr, Mabank, TX 75143
      View Details
    • $499,000
      0.26 Acres

      Move-in-Ready Office Space in Mabank

      Functional and secure office space in a growing area.
      1424 S 3Rd St, Mabank, TX 75147
      View Details
    • $499,000
      2,520 SF

      Move-in Ready Mabank Office Space

      2520 SF office space with excellent visibility in Mabank, TX.
      1424 S 3Rd St, Mabank, TX 75147
      View Details
    • $314,000
      15.70 Acres

      Mabank Ranch with Acreage

      15.7 acres in Mabank, TX, ideal for homesite or livestock.
      1 Fm 3080, Mabank, TX 75147
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime commercial lot with high visibility and heavy traffic.
    Where is this commercial land located?
    The property is located at 602 S 3Rd St Mabank, TX.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: - High-traffic location with approximately 125 feet of road frontage on a major state highway seeing close to 30,000 vehicles per day.; - Located in an Opportunity Zone, offering potential tax benefits for qualified investors.; - Utilities available at the road (water, sewer, and electric).
    (903) 399-2731
    Request Owner's contact information
    602 S 3Rd St Mabank, TX 75147
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    602 S 3Rd St
    Mabank, TX 75147
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    602 S 3Rd St Mabank, TX 75147
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jamye Montgomery
    Jamye Montgomery
    Real Estate License ID: 0651174
    (903) 399-2731
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.