Mabank Commercial Property with Versatile
For Sale
$999,000
920 W Mason St, Mabank, TX 75147
1.65-acre property with five buildings and roll-up doors.
Property Size17,446 SF
Lot Size1.65 Acres
Price / SF$57.26
Days on Market579
Property Features for 920 W Mason St
General Information
Standard status
Active
Size
17,446 SF
Lot size
1.65 Acres
Taxes and HOA fees
Annual Taxes
$12,047
Listing Agency:
Coldwell Banker American Dream
(903) 887-7055
Listed By:
Robert Blaase · License #0393397
(903) 887-7055
Source:
Exprealty
Added: Jan 10, 2025
Changed: Aug 8
Last Checked: Aug 8 at 5:50AM
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 Coldwell Banker American Dream
Investment Insights
Based on property information with market context.
This 1.65-acre commercial property is located in Mabank, Texas, offering convenient access to Hwy 175. The property includes five buildings, totaling 17,446 square feet. Each building is equipped with roll-up doors, providing versatile options to suit various business needs. Building 1 features two spaces with roll-up doors, Building 2 contains six spaces with roll-up doors, Building 3 offers four spaces with roll-up doors, and Buildings 4 and 5 each have one space with a roll-up door. This property presents an opportunity to secure a business location with flexible spaces.
Key Highlights
- Prime location in the heart of Mabank.
- Convenient access to Hwy 175.
- 1.65‑acre property with 5 versatile buildings.
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
$90,583
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
9.07%
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%
$1,811,660
$1.8M
Cap Rate 7%
$1,294,043
$1.3M
Cap Rate 9%
$1,006,478
$1.0M
Market Conditions
NOI Build-Up for 17,446 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
$142.4K $8.16/SF
− Vacancy
−$13.0K −$0.74/SF
EGI
$129.4K $7.42/SF
− OpEx
−$38.8K −$2.23/SF
NOI
$90.6K $5.19/SF
Area
Henderson County, TX
Vacancy
9.10%
Lease Rate
$8.16 /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%
$1,811,660
Cap Rate 7%
$1,294,043
Cap Rate 9%
$1,006,478
Alternative Uses
Best Use
Flex RnD
$2.62M
$2.30M – $3.06M
NOI $183,706 @ 7.0% cap · market cap 18.39%
Second Best
Warehouse
$1.55M
$1.36M – $1.81M
NOI $108,663 @ 7.0% cap · market cap 10.88%
Theoretical Best
Office A
$6.14M
$5.37M – $7.16M
NOI $429,590 @ 7.0% cap · market cap 43.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75147, TX
7,781
Population
3,302
Households
2.4
Avg Household Size
40
Median Age
19%
College-Educated
86%
High-School Grad
86.2 sq mi
ZIP Area
90
Density / Sq Mi
$60,520
Median Household Income
$34,572
Median Earnings
$899
Median Rent
$238,700
Median Home Value
Market
Vacancy Rate% for Industrial 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?
Flex space - 1.65-acre property with five buildings and roll-up doors.
Where is this flex space located?
The property is located at 920 W Mason St Mabank, TX.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Prime location in the heart of Mabank.; Convenient access to Hwy 175.; 1.65‑acre property with 5 versatile buildings.
