Gated Office Warehouse with
For Sale
Contact for pricing
103 N 3rd Avenue, Mansfield, TX 76063
Gated commercial space combines office and warehouse functions with a loft, bathroom, covered parking, and an on-site container.
Property Size1,200 SF
Price / SF$1.67
Days on Market108
Property Features for 103 N 3rd Avenue
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Warehouse
Additional Details
Utilities to Site
Yes
Amenities
Gated
Building Details
Year Built
1965
Building Size
1,200 SF
Listing Agency:
Callaway Real Estate
(817) 915-3015
Listed By:
Gavin Callaway · License #0352665
(817) 453-3777
Source:
Lonestarluxuryrealty
Added: Jul 1
Changed: Oct 13
Last Checked: Oct 15 at 12:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Callaway Real Estate
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Investment Insights
Based on property information with market context.
This gated warehouse property includes 1,200 square feet of office and warehouse area, along with an office, bathroom, and loft. The site also provides 2,000 square feet of covered parking and includes a usable container on the lot. Constructed in 1965, the property offers a compact commercial configuration with both enclosed workspace and covered vehicle or storage capacity.
The property is near Downtown Mansfield at 103 N 3rd Avenue in Mansfield, Texas. Current lease terms include a one-year lease, with the tenant responsible for water, electric service, and septic-system maintenance.
The property is near Downtown Mansfield at 103 N 3rd Avenue in Mansfield, Texas. Current lease terms include a one-year lease, with the tenant responsible for water, electric service, and septic-system maintenance.
Key Highlights
- 1,200 SF office warehouse with office, bathroom, and loft
- 2,000 SF of covered parking
- Gated property near Downtown Mansfield
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,766
Suggested Prices Based on Cap Rates
Cap Rate 5%
$135,320
$135.3K
Cap Rate 7%
$96,657
$96.7K
Cap Rate 9%
$75,178
$75.2K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$10.8K $9.00/SF
− Vacancy
−$1.1K −$0.95/SF
EGI
$9.7K $8.06/SF
− OpEx
−$2.9K −$2.42/SF
NOI
$6.8K $5.64/SF
Area
Tarrant County, TX
Vacancy
10.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$135,320
Cap Rate 7%
$96,657
Cap Rate 9%
$75,178
Alternative Uses
Best Use
Flex RnD
$188.3K
$164.7K – $219.7K
NOI $13,179 @ 7.0% cap · market cap 658.95%
Second Best
Warehouse
$119.2K
$104.3K – $139.1K
NOI $8,345 @ 7.0% cap · market cap 417.25%
Theoretical Best
Office A
$422.1K
$369.4K – $492.5K
NOI $29,549 @ 7.0% cap · market cap 1,477.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
611
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- E-Z Self Storage — 405 S Main St, Mansfield, TX 76063
- Preferred Storage Unit — 109 W Broad St, Mansfield, TX 76063
- C & S Storage — 305 smith st, mansfield, tx 76063
- Knapp Sisters Self Storage — 100 Newt Patterson Rd, Mansfield, TX 76063
Frequently Asked Questions
What type of property is this?
Warehouse - Gated commercial space combines office and warehouse functions with a loft, bathroom, covered parking, and an on-site container.
Where is this warehouse located?
The property is located at 103 N 3rd Avenue Mansfield, TX.
What are key features of this property?
This property features: 1,200 SF office warehouse with office, bathroom, and loft; 2,000 SF of covered parking; Gated property near Downtown Mansfield
