Fully Occupied Retail Strip
For Sale
Contact for pricing
Pending
1205 E Debbie Ln, Mansfield, TX 76063
Fully occupied retail strip center with long-term tenants.
Property Size11,658 SF
Days on Market184
Property Features for 1205 E Debbie Ln
General Information
Standard status
Pending
Size
11,658 SF
Class
B
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Building Details
Year Built
2008
Units
6
Tenancy
Multi
Listing Agency:
SVN VERUS Commercial
(940) 381-2220
Listed By:
Mason Shanahan · License #840750
Source:
Crexi
Added: Feb 19
Changed: Aug 19
Last Checked: Aug 18 at 10:44PM
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 SVN VERUS Commercial
Investment Insights
Based on property information with market context.
This is a fully occupied six-tenant neighborhood retail strip center featuring a strong tenant mix and a history of consistent occupancy. Three of the six tenants have maintained their presence at this location for over 10 years, and five of the six have executed lease renewals, with four of these renewals occurring within the last year. A new ten-year lease with Blo Blow Dry Bar is set to commence in February 2026. All leases are structured as NNN, which allows for minimal landlord responsibility. The property offers 11658 square feet of retail space. This property represents an opportunity to acquire a stabilized asset within a rapidly growing market, supported by quality credit tenants.
Key Highlights
- 100% Occupied Retail Strip providing immediate cash flow
- Strong Tenant Mix with Excellent Rental History indicates stability
- Long‑Standing Tenants: Three tenants with 10+ years at the location
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$193,504
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,870,080
$3.9M
Cap Rate 7%
$2,764,343
$2.8M
Cap Rate 9%
$2,150,044
$2.2M
Market Conditions
NOI Build-Up for 11,658 SF
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.
Gross rent
$291.0K $24.96/SF
− Vacancy
−$14.5K −$1.25/SF
EGI
$276.4K $23.71/SF
− OpEx
−$82.9K −$7.11/SF
NOI
$193.5K $16.60/SF
Area
Tarrant County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,870,080
Cap Rate 7%
$2,764,343
Cap Rate 9%
$2,150,044
Alternative Uses
Best Use
Retail
$2.76M
$2.42M – $3.23M
NOI $193,504 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.10M
$3.59M – $4.78M
NOI $287,067 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
595
Businesses Nearby
334k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 40%
Dining 33%
Shops & Services 23%
Beauty & Spa 2%
Kroger
Groceries
53,870 visits/mo
0.2 miles
Walmart Neighborhood Market
Groceries
43,126 visits/mo
0.2 miles
Chick-fil-A
Dining
32,756 visits/mo
0.5 miles
Aldi
Groceries
20,679 visits/mo
0.3 miles
Kroger Fuel Center
Shops & Services
17,519 visits/mo
0.3 miles
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Strip mall - Fully occupied retail strip center with long-term tenants.
Where is this strip mall located?
The property is located at 1205 E Debbie Ln Mansfield, TX.
What is the asking price?
The asking price for this property is $4,619,353.
What are key features of this property?
This property features: 100% Occupied Retail Strip providing immediate cash flow; Strong Tenant Mix with Excellent Rental History indicates stability; Long‑Standing Tenants: Three tenants with 10+ years at the location
