Highway 175 Commercial
For Sale
$999,000
15821 E Highway 175, Mabank, TX 75143
Commercial building on Highway 175 with office and warehouse space.
Property Size7,200 SF
Lot Size3.00 Acres
Price / SF$138.75
Days on Market565
Property Features for 15821 E Highway 175
General Information
Standard status
Active
Size
7,200 SF
Lot size
3.00 Acres
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$29,817
Building Details
Year Built
2021
Listing Agency:
Coldwell Banker American Dream
(903) 880-2444
Listed By:
Buck Gentry · License #0416423
(903) 880-2444
Source:
Exitrealty
Added: Feb 5, 2025
Changed: Aug 8
Last Checked: Aug 8 at 2:31PM
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.
Located on Highway 175 between Kemp and Mabank, near Cedar Creek Lake, this commercial property is currently used as an office for Cedar Creek Pools and for Parks Construction equipment and storage. The 60x120 building offers multiple possibilities, featuring six roll-up doors and four walk-through doors. The downstairs area, approximately 1200 square feet, includes a large office area with two smaller offices, two bathrooms, and a kitchenette. Upstairs, approximately 1500 square feet, contains eight offices, a full-size kitchen, and a dining area. The property also includes 6000 square feet of foam-insulated warehouse space.
Key Highlights
- Prime commercial location on Hwy 175 between Kemp and Mabank, near Cedar Creek Lake.
- Large 60x120 building with 6 roll‑up doors and 4 walk‑thru doors.**
- Approximately 6000 sqft of foam‑insulated warehouse space.
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
$75,816
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
7.59%
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%
$1,516,320
$1.5M
Cap Rate 7%
$1,083,086
$1.1M
Cap Rate 9%
$842,400
$842.4K
Market Conditions
NOI Build-Up for 7,200 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
$129.6K $18.00/SF
− Vacancy
−$13.0K −$1.80/SF
EGI
$116.6K $16.20/SF
− OpEx
−$40.8K −$5.67/SF
NOI
$75.8K $10.53/SF
Area
Henderson County, TX
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
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%
$1,516,320
Cap Rate 7%
$1,083,086
Cap Rate 9%
$842,400
Alternative Uses
Best Use
Office B
$1.72M
$1.51M – $2.01M
NOI $120,435 @ 7.0% cap · market cap 12.06%
Second Best
Flex RnD
$1.08M
$947.7K – $1.26M
NOI $75,816 @ 7.0% cap · market cap 7.59%
Theoretical Best
Office A
$2.53M
$2.22M – $2.95M
NOI $177,293 @ 7.0% cap · market cap 17.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75143, TX
15,349
Population
7,088
Households
2.2
Avg Household Size
45
Median Age
18%
College-Educated
86%
High-School Grad
181.9 sq mi
ZIP Area
84
Density / Sq Mi
$68,996
Median Household Income
$41,273
Median Earnings
$1,163
Median Rent
$173,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Commercial building on Highway 175 with office and warehouse space.
Where is this warehouse located?
The property is located at 15821 E Highway 175 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 commercial location on Hwy 175 between Kemp and Mabank, near Cedar Creek Lake.; Large 60x120 building with 6 roll‑up doors and 4 walk‑thru doors.**; Approximately 6000 sqft of foam‑insulated warehouse space.
