Flex Space with Roll-Up
For Sale
$999,000
920 W Mason Street, Mabank, TX 75147
CommercialSale, Mabank, TX
Property Size17,446 SF
Lot Size1.65 Acres
Price / SF$57.26
Days on Market125
Property Features for 920 W Mason Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Open
Subdivision
Mabank
Directions
From downtown Mabank go west On Mason St (Business Hwy 198), property is down on the right.
Standard status
Active
APN
2354
Lot size
1.65 Acres
Taxes and HOA fees
Tax Description
W W BELL, TRACT 340.00; 1.65 ACRES
Tax Annual Amount
12047
Legal Description
W W BELL, TRACT 340.00; 1.65 ACRES
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Floors in Building
1
Number of units
5
Flooring type
Concrete
Building materials
MetalSiding
Roof type
Metal
Listing Agency:
Coldwell Banker American Dream · Coldwell Banker Real Estate
(903) 887-7055
Listed By:
Robert Blaase · License #0393397
(214) 803-2289
Added: Jun 7
Changed: Sep 12
Last Checked: Oct 9 at 7:06AM
MLS# 20774280
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 flex-space property comprises five metal-sided buildings totaling 17,446 square feet on 1.65 acres. The improvements feature concrete floors, metal roofs, central electric heating, central air, public water, and public sewer. The layout includes a building currently leased to WB Steakhouse, plus additional spaces configured for service, storage, or light industrial occupancy. Roll-up doors serve six spaces in Building 2, four spaces in Building 3, and one space each in Buildings 4 and 5. Open parking is provided, and the seller is willing to lease individual spaces.
The property is located in Mabank near Hwy 175, providing access to the regional roadway network. Its combination of multiple buildings, overhead-door access, and flexible suite configurations supports a range of commercial operations within a single site.
The property is located in Mabank near Hwy 175, providing access to the regional roadway network. Its combination of multiple buildings, overhead-door access, and flexible suite configurations supports a range of commercial operations within a single site.
Key Highlights
- Five buildings with a combined 17,446 square feet
- 1.65‑acre site in Mabank near Hwy 175
- Building 2 contains 6 spaces with roll‑up doors
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
NOI $310,260 @ 7.0% cap · market cap 31.06%
Second Best
Flex RnD
$2.62M
$2.30M – $3.06M
NOI $183,706 @ 7.0% cap · market cap 18.39%
Theoretical Best
Office A
$6.14M
$5.37M – $7.16M
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
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Five-building commercial property with concrete floors, open parking, and multiple configurable spaces for business use.
Where is this flex space located?
The property is located at 920 W Mason Street 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: Five buildings with a combined 17,446 square feet; 1.65‑acre site in Mabank near Hwy 175; Building 2 contains 6 spaces with roll‑up doors
