Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Move-in-Ready Office Space in Mabank Title is generated by Realmo AI

    1424 S 3rd St, Mabank, TX 75147

    View on Map
    Claim this Listing
    For Sale
    $499,000

    COMMERCIAL - Mabank, TX

    Property size:
    2,520 SF
    Lot size:
    0.26 Acres
    Price / SF:
    $198/SF
    Added:
    Dec 18, 2025
    Days on Market:
    159
    Last Refresh:
    May 26 at 1:06 pm

    Property Features for 1424 S 3rd St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Comm.
    Standard status
    Active
    APN
    0794.0080.0G00.51
    Size
    2,520 SF
    Lot size
    0.26 Acres

    Taxes and HOA fees

    Tax Description
    TR G8, AB 794 G T Walters Sur

    Building Details

    Year built
    1984

    We can help!

    Listing Contact
    Robert Blaase

    Listing agent Robert Blaase License #0393397

    Listing office Coldwell Banker American Dream Realty 600 West Main St., Gun Barrel City, TX

    Listing date Dec 18, 2025

    MLS# 110080

    Copyright © 2026 Henderson County Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Move‑in‑ready 2520 SF office space.
    • Excellent visibility on a busy road.
    • Front and rear parking available.
    • High‑end security system installed.
    • Brand‑new internet and phone wiring.
    • Large covered patio.

    Overview

    This move-in-ready office space, encompassing 2520 square feet, is situated on a 0.26-acre lot in Mabank, Texas. The property is zoned for commercial use and features front and rear parking, along with a large covered patio. It is equipped with a high-end security system and brand-new internet and phone wiring. The location offers excellent visibility on a busy road, making it suitable for professional or small business use. This space provides an opportunity for businesses seeking a functional and secure office in a growing area.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $468.4K
    NOI $42,152 @ 9.00% cap · cautious / downside scenario
    Moderate
    $602.2K
    NOI $42,152 @ 7.00% cap · market / base-case scenario
    Aggressive
    $843.0K
    NOI $42,152 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Office B

    Component $ $/SF
    Gross rent $77.4k $30.72
    − Vacancy −$21.2k −$8.42
    EGI $56.2k $22.30
    − OpEx −$14.1k −$5.58
    NOI $42.2k $16.73
    2,520 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $602.2K
    $526.9K – $702.5K (±1% cap)
    NOI $42,152 @ 7.0% cap · market cap 8.45%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $886.5K
    $775.7K – $1.03M (±1% cap)
    NOI $62,052 @ 7.0% cap · market cap 12.44%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Restaurant Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mabank
    County
    Henderson
    State
    Texas
    Longitude
    -96.104302
    Latitude
    32.356101

    Nearby Similar for Sale

    • $1,100,000
      4,920 SF

      Premium Office Building on Highway

      Professional office building in Mabank, TX, near Cedar Creek Lake.
      15821 Highway 175, Mabank, TX 75143
      View Details
    • $999,000
      7,200 SF

      Highway 175 Commercial Building

      Versatile commercial building near Cedar Creek Lake on 0.503 acres.
      15821 E Highway 175, Mabank, TX 75143
      View Details
    • $849,000
      2,400 SF

      Off-Grid Acreage Barndominium Property

      Versatile acreage with barndominium designed for sustainable, self-sufficient living.
      15800 County Road 4009, Mabank, TX 75147
      View Details
    • $385,000
      600 SF

      Mabank, TX Metal Garage Unit

      600 SF metal garage unit in high visibility location.
      608 W Mason Street, Mabank, TX 75147
      View Details
    • $385,000
      600 SF

      Mabank Commercial Garage Unit

      600 SF metal garage unit in high-visibility location.
      608 W Mason St, Mabank, TX 75147
      View Details
    • $2,300,000
      4,475 SF

      Mabank Ranch with Updated Home

      118-acre ranch featuring a renovated 4,475 SF home.
      2523 FM 90, Mabank, TX 75147
      View Details
    • $527,000
      1,850 SF

      Mabank Acreage with Modern Residence

      Newly constructed home on two acres with pool and shop.
      35835 FM 47, Mabank, TX 75147
      View Details
    • $975,000
      1,850 SF

      Mabank Barndominium on 57+ Acres

      Barndominium on 57.5 acres near Cedar Creek Lake.
      800 Vz County Road 2807, Mabank, TX 75147
      View Details
    • $375,000
      1,392 SF

      Versatile Barndominium with Commercial Potential

      Live/work property on 2.09 acres near Cedar Creek Lake.
      6494 Clear Creek Rd, Mabank, TX 75156
      View Details
    • $1,695,000
      3,433 SF

      Texas Ranch with Vineyard and Residence

      20+ acre Mabank, TX ranch with vineyard, residence, and amenities.
      1933 VZCR 2721, Mabank, TX 75147
      View Details
    • $1,100,000
      6,300 SF

      Premium Office Building on Highway

      Professional office building near Cedar Creek Lake in Mabank, TX.
      15821 HWY 175, Mabank, TX 75143
      View Details
    • $650,000
      1,792 SF

      Mabank Farm/Ranch with Equestrian Facilities

      Tranquil 12-acre property with equestrian facilities and versatile country living.
      6060 Pinnacle Club Drive, Mabank, TX 75156
      View Details

    FAQs

    What type of property is this?
    Office units - 2520 SF office space with excellent visibility in Mabank, TX.
    Where is this office units located?
    The property is located at 1424 S 3rd St Mabank, TX.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: Move‑in‑ready 2520 SF office space.; Excellent visibility on a busy road.; Front and rear parking available.
    (214) 803-2289
    We can help!
    Listing Contact
    Robert Blaase
    Real Estate License ID: 0393397
    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
    1424 S 3rd St, Mabank, TX 75147
    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!