717-733 Hwy 287 N Suite 601, Mansfield, TX
Class A office building built in 2020 with highway frontage.
- Added:
- Jan 20, 2025
- Days on Market:
- 505
- Last Refresh:
- May 20 at 8:41 pm
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 agent JP Humphrey, III License #793517
Listing office Advisors Commercial Real Estate - Arlington (817) 226-0000
Listing date Jan 20, 2025
Source Moodyscre
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 Advisors Commercial Real Estate - Arlington
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).
- Potential to convert gross leases to NNN, creating significant upside.
- Convenient ingress & egress to properties.
- In close proximity to numerous major national retailers.
Overview
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Mansfield
- County
- Tarrant
- State
- Texas
- Longitude
- -97.1174
- Latitude
- 32.5637