New Class A Office
For Sale
Contact for pricing
717-733 Hwy 287 N Suite 601, Mansfield, TX
Class A office building built in 2020 with highway frontage.
Property Size16,380 SF
Lot Size3.20 Acres
Price / SF$279.30
Days on Market556
Property Features for 717-733 Hwy 287 N Suite 601
General Information
Standard status
Active
Size
16,380 SF
Lot size
3.20 Acres
Property subtype
OFFICE
Listing Agency:
STRIVE
(469) 844-8883
Listed By:
Jason Vitorino · License #793517
(469) 844-8887
Source:
Moodyscre
Added: Jan 20, 2025
Changed: Jul 10
Last Checked: Jul 21 at 6:35AM
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 STRIVE
Investment Insights
Based on property information with market context.
This Class A office building, constructed in 2020, offers potential for converting gross leases to NNN leases. The property is located directly off Highway 287, benefiting from high visibility with over 60,000 vehicles per day. The surrounding area has a strong economic base, with a household income of $124,913 within a 3-mile radius. The area has experienced steady population growth of 2% annually from 2010 to 2023 within a 3-mile radius. The property provides convenient access and is near numerous major national retailers, including Chick-fil-A, Walmart, Tom Thumb, McDonald’s, Target, and The Home Depot. The tenant mix is diverse, ranging from medical to general and professional uses. The property contains 16,380 square feet.
Key Highlights
- Located directly off HWY 287 with superior frontage, seeing over 60,000 vehicles per day.
- New Class “A” office construction built in 2020.
- High household income ($124,913 in 3‑mile radius) and steady population growth (2% annually from 2010‑2023).
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $503.2k | $30.72 |
| − Vacancy | −$125.8k | −$7.68 |
| EGI | $377.4k | $23.04 |
| − OpEx | −$94.3k | −$5.76 |
| NOI | $283.0k | $17.28 |
16,380 SF · lease $30.72/SF/yr · vacancy 25.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.04M
$3.54M – $4.72M
NOI $283,046 @ 7.0% cap · market cap 6.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.76M
$5.04M – $6.72M
NOI $403,341 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
663
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Class A office building built in 2020 with highway frontage.
Where is this office building located?
The property is located at 717-733 Hwy 287 N Suite 601 Mansfield, TX.
What is the asking price?
The asking price for this property is $4,575,000.
What are key features of this property?
This property features: Located directly off HWY 287 with superior frontage, seeing over 60,000 vehicles per day.; New Class “A” office construction built in 2020.; High household income ($124,913 in 3‑mile radius) and steady population growth (2% annually from 2010‑2023).
