Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Mansfield Land on Highway 287 Title is generated by Realmo AI

    0 SE Heritage Pkwy and Hwy 287, Mansfield, TX

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Prime commercial land in Mansfield, Texas, with Highway 287 frontage.

    Type:LAND
    Lot size:
    44.59 Acres
    Added:
    Jun 2, 2016
    Days on Market:
    3652
    Last Refresh:
    May 20 at 8:34 pm

    Property Features for 0 SE Heritage Pkwy and Hwy 287

    General Information

    Standard status
    Active
    Lot size
    44.59 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Tom Ritter

    Listing agent Tom Ritter

    Listing office Ritter & Associates Commercial Real Estate

    Listing date Jun 2, 2016

    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 Ritter & Associates Commercial Real Estate

    HighLights

    • Prime corner location on Highway 287 frontage road.
    • Located in the City of Mansfield.
    • Zoning allows for industrial, commercial, and office uses.
    • Part of "The Reserve", a 1500‑acre planned development.
    • Highway 287 Sub‑District zoning.
    • Completed Heritage Parkway overpass.

    Overview

    This property features land situated at the southeast intersection of Heritage Parkway and Highway 287 in Mansfield, Texas. The location benefits from the completed Heritage Parkway overpass, creating two prime corners. The zoning is Highway 287 Sub-District of "The Reserve," a 1500-acre planned development. This zoning allows for a variety of uses, including industrial, commercial, and office developments.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Mansfield
    County
    Tarrant
    State
    Texas
    Longitude
    -97.1417
    Latitude
    32.5632

    Nearby Similar for Sale

    • $2,700,000
      5,000 SF

      New Leased Medical Office Building

      Fully leased medical office building near upcoming development.
      1701 Fountainview Drive, Mansfield, TX 76063
      View Details
    • $747,000
      1,100 SF

      Versatile Commercial Space in Mansfield

      1,100 sq. ft. commercial space in Historic Downtown Mansfield.
      400 E Broad Street, Mansfield, TX 76063
      View Details
    • $595,000
      4,000 SF

      Mansfield Warehouse with Office Space

      Two commercial buildings with office and storage on 0.93 acres.
      1791 Highway 1187, Mansfield, TX 76063
      View Details
    • $899,900
      2,500 SF

      7.6 Acres Usable Land in Mansfield

      7.6-acre rectangle of usable land in Mansfield, TX.
      7320 Retta Mansfield Road, Mansfield, TX 76063
      View Details
    • $1,500,000

      5 Acres in Growing Mansfield

      Unimproved land suitable for residential, commercial, or industrial development.
      2507c Howell Drive, Mansfield, TX 76084
      View Details
    • $1,100,000
      2,483 SF

      Functional Office Space on Highway

      Versatile 2,483 sq ft office space on 1.43 acres.
      1380 N US Hwy 287 Highway, Mansfield, TX 76063
      View Details
    • $725,000

      Prime Commercial Land in Mansfield

      High-visibility land ideal for retail and office use.
      280 N Mitchell Road, Mansfield, TX 76063
      View Details
    • $500,000

      Land in Mansfield Historic District

      One-acre property in Mansfield's Historic District with development potential.
      520 W Broad Street, Mansfield, TX 76063
      View Details
    • $880,000

      Vacant Land on Main Street

      2.038 acres of commercial land with high-traffic frontage.
      1295 N Main Street, Mansfield, TX 76063
      View Details
    • $899,900

      Prime Development Land in Mansfield, TX

      7.6 acres of land ideal for residential development.
      7322 Retta Mansfield Road, Mansfield, TX 76063
      View Details
    • $1,065,000

      Land with Development Potential

      3.276 acres in Mansfield near planned developments.
      2511 Mathis Road, Mansfield, TX 76063
      View Details
    • $559,000

      Mansfield Duplex Investment Opportunity

      Well-maintained duplex in Woodland Estates with tenant-occupied units.
      1334 Piedmont Drive, Mansfield, TX 76063
      View Details

    FAQs

    What type of property is this?
    Land - Prime commercial land in Mansfield, Texas, with Highway 287 frontage.
    Where is this land located?
    The property is located at 0 SE Heritage Pkwy and Hwy 287 Mansfield, TX.
    What are key features of this property?
    This property features: Prime corner location on Highway 287 frontage road.; Located in the City of Mansfield.; Zoning allows for industrial, commercial, and office uses.
    (817) 473-9393 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Tom Ritter
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    0 SE Heritage Pkwy and Hwy 287, Mansfield, TX
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!