Commercial Buildings on FM
1791 Highway 1187 Mansfield, TX 76063
1791 Highway 1187, Mansfield, TX, 76063
$595,000
For Sale
$595,000
Two commercial buildings on one acre in Mansfield, Texas.
Property Size4,900 SF
Lot Size1.00 Acre
Price / SF$121.43
Days on Market66
Property Features for 1791 Highway 1187
General Information
- Standard status
- Active
- Size
- 4,900 SF
- Lot size
- 1.00 Acre
- Property subtype
- Commercial
Building Details
- Year Built
- 1989
Listing agency
eXp Realty LLC
(225) 206-1071
Listed by
John Crutchfield · License #0508111
(225) 206-1071
Source
Signaturere
Added: May 19 Updated: Jul 10 at 1:31PM Checked: Jul 22 at 5:59AM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
The property features two commercial buildings located at 1791 FM 1187 in Mansfield, Texas. The main warehouse provides 4,000 square feet of space, including an office, two restrooms, and a break room. It has been newly renovated and includes AC units. A separate 900-square-foot building, renovated for office and storage use, is also present on the property. This building is insulated and equipped with AC. The property, encompassing one acre, was previously used as an event venue. The listing includes the buildings and land only.
Key Highlights
- Two buildings: 4,000 sq ft warehouse with office, and a separate 900 sq ft office/storage building.
- Recent renovations including new AC units in the main warehouse and AC/insulation in the smaller building.
- Includes 1 acre of land.
Local Financial Insights For Warehouse
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 | $44.1k | $9.00 |
| − Vacancy | −$4.0k | −$0.82 |
| EGI | $40.1k | $8.18 |
| − OpEx | −$6.0k | −$1.23 |
| NOI | $34.1k | $6.95 |
4,900 SF · lease $9.00/SF/yr · vacancy 9.10% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.21M
$1.06M – $1.41M
NOI $84,672 @ 7.0% cap · market cap 14.23%
Second Best
Warehouse
$486.8K
$425.9K – $567.9K
NOI $34,074 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$1.72M
$1.51M – $2.01M
NOI $120,658 @ 7.0% cap · market cap 20.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
Similar Off Market Nearby
- Extra Space Storage — 1351 FM1187, Mansfield, TX 76063
- A-Affordable RV & Boat Storage — 8040 Rendon Bloodworth Rd, Mansfield, TX 76063
- Premium Storage — 2180 FM1187, Mansfield, TX 76063
FAQs
What type of property is this?
Warehouse - Two commercial buildings on one acre in Mansfield, Texas.
Where is this warehouse located?
The property is located at 1791 Highway 1187 Mansfield, TX.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Two buildings: **4,000 sq ft warehouse with office, and a separate 900 sq ft office/storage building**.; Recent renovations including **new AC units in the main warehouse and AC/insulation in the smaller building**.; Includes 1 acre of land.
