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 Market647
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) 844-8880
Listed By:
Parker Tims · License #793517
(469) 844-8883
Source:
Moodyscre
Added: Jan 20, 2025
Changed: Oct 25
Last Checked: Oct 28 at 9:11AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$283,046
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,660,920
$5.7M
Cap Rate 7%
$4,043,514
$4.0M
Cap Rate 9%
$3,144,956
$3.1M
Market Conditions
NOI Build-Up for 16,380 SF
Gross rent
$503.2K $30.72/SF
− Vacancy
−$125.8K −$7.68/SF
EGI
$377.4K $23.04/SF
− OpEx
−$94.3K −$5.76/SF
NOI
$283.0K $17.28/SF
Area
Tarrant County, TX
Vacancy
25.00%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,660,920
Cap Rate 7%
$4,043,514
Cap Rate 9%
$3,144,956
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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
663
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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).
