Freestanding Retail Building with C-2
1217 FM 157 Mansfield, TX 76063
New
1217 FM 157, Mansfield, TX, 76063
$589,000
For Sale
$589,000
SINGLE_FAMILY - Mansfield, TX
Property Size2,600 SF
Lot Size0.44 Acres
Price / SF$226.54
Days on Market2
Property Features for 1217 FM 157
General Information
- Property type
- Residential
- Property subtype
- Retail
- Standard status
- Active
- APN
- 80275583
- Lot size
- 0.44 Acres
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1984
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Concrete
- Building materials
- MetalSiding
- Roof type
- Metal
Listing agency
Donna Kemp-Long
(210) 535-1012
Listed by
Donna Kemp-Long · License #0543010
(210) 535-1012
Added: Jul 21 Checked: Jul 22 at 3:06PM
MLS# 21337239
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Freestanding commercial building built in 1984, offering 2,600 SF of retail space on a 0.44-acre lot. The property includes two points of access from FM 157 and Business 287, along with 19 parking spots. The building’s layout and C-2 zoning support a range of neighborhood commercial uses.
The site is positioned along FM 157 in Mansfield and is described as having steady commuter traffic, with TxDOT-provided data of 28,042 vehicles per day. The listing notes that coin-operated laundry is no longer a permitted use due to the property losing legal nonconforming status after being vacant for more than 180 days; the city indicated that a retail cleaning and laundry facility such as a dry cleaner would still be allowed, along with other permitted C-2 uses.
The property presents as a straightforward owner-user or service-oriented retail option requiring visibility and convenient ingress/egress from both roads.
The site is positioned along FM 157 in Mansfield and is described as having steady commuter traffic, with TxDOT-provided data of 28,042 vehicles per day. The listing notes that coin-operated laundry is no longer a permitted use due to the property losing legal nonconforming status after being vacant for more than 180 days; the city indicated that a retail cleaning and laundry facility such as a dry cleaner would still be allowed, along with other permitted C-2 uses.
The property presents as a straightforward owner-user or service-oriented retail option requiring visibility and convenient ingress/egress from both roads.
Key Highlights
- Freestanding 2,600 SF commercial building built in 1984 with metal siding and a metal roof
- 0.44‑acre lot on FM 157 with two points of access from FM 157 and Business 287
- Zoned C‑2 for a wide range of commercial uses
Local Financial Insights For Retail
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 | $64.9k | $24.96 |
| − Vacancy | −$3.2k | −$1.25 |
| EGI | $61.7k | $23.71 |
| − OpEx | −$18.5k | −$7.11 |
| NOI | $43.2k | $16.60 |
2,600 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$616.5K
$539.5K – $719.3K
NOI $43,156 @ 7.0% cap · market cap 7.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$914.6K
$800.3K – $1.07M
NOI $64,022 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Freestanding retail building on FM 157 with dual access and 19 parking spaces, zoned C-2 for neighborhood commercial uses.
Where is this storefront property located?
The property is located at 1217 FM 157 Mansfield, TX.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: Freestanding 2,600 SF commercial building built in 1984 with metal siding and a metal roof; 0.44‑acre lot on FM 157 with two points of access from FM 157 and Business 287; Zoned C‑2 for a wide range of commercial uses
