Listing Agency: Coldwell Banker American Dream Realty Show Phone

Listed By: Robert Blaase · License #0393397 Show Phone

Added: Nov 8, 2024 Changed: Sep 5 Last Checked: Oct 9 at 7:06AM

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MLS# 107919

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.

Investment Insights

Based on property information with market context.

This 1.65-acre commercial property contains five buildings totaling 17,446 square feet. The configuration includes a building leased to WB Steakhouse, along with multiple spaces equipped with roll-up doors. Building 2 contains six spaces, Building 3 offers four spaces, and Buildings 4 and 5 each include one space.

Located in Mabank, the property is minutes from Hwy 175 and is zoned Comm. The seller is open to leasing any of the available spaces, providing flexibility for users seeking commercial or flex space within a multi-building site.

Key Highlights

• 1.65‑acre commercial property in Mabank, TX
• Five buildings totaling 17,446 square feet
• Building 1 is currently leased to WB Steakhouse

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$90,583

Cap Rate

9.07%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,811,660 $1.8M

Cap Rate 7%

$1,294,043 $1.3M

Cap Rate 9%

$1,006,478 $1.0M

Market Conditions

NOI Build-Up for 17,446 SF

Gross rent

$142.4K $8.16/SF

− Vacancy

−$13.0K −$0.74/SF

EGI

$129.4K $7.42/SF

− OpEx

−$38.8K −$2.23/SF

NOI

$90.6K $5.19/SF

Area

Henderson County, TX

Vacancy

9.10%

Lease Rate

$8.16 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,811,660

Cap Rate 7%

$1,294,043

Cap Rate 9%

$1,006,478

Alternative Uses

Best Use

Specialty Retail

$4.43M

$3.88M – $5.17M (±1% cap)

NOI $310,260 @ 7.0% cap · market cap 31.06%

Second Best

Flex RnD

$2.62M

$2.30M – $3.06M (±1% cap)

NOI $183,706 @ 7.0% cap · market cap 18.39%

Theoretical Best

Office A

$6.14M

$5.37M – $7.16M (±1% cap)

NOI $429,590 @ 7.0% cap · market cap 43.00%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Plumbing Service (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Storage Facility Building Supply Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

82

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 75147, TX

7,781

Population

3,302

Households

2.4

Avg Household Size

40

Median Age

19%

College-Educated

86%

High-School Grad

86.2 sq mi

ZIP Area

90

Density / Sq Mi

$60,520

Median Household Income

$34,572

Median Earnings

$899

Median Rent

$238,700

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Five-building commercial campus with roll-up-door suites and convenient access to Hwy 175.

Where is this flex space located?

The property is located at 920 W Mason St Mabank, TX.

What is the asking price?

The asking price for this property is $999,000.

What are key features of this property?

This property features: 1.65‑acre commercial property in Mabank, TX; Five buildings totaling 17,446 square feet; Building 1 is currently leased to WB Steakhouse