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 Market611
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) 887-7055
Listed By:
Buck Gentry · License #0416423
(903) 880-2444
Source:
Exitrealty
Added: Feb 5, 2025
Changed: Aug 8
Last Checked: Aug 25 at 9:45AM
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 / Yr
$50,068
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,001,360
$1.0M
Cap Rate 7%
$715,257
$715.3K
Cap Rate 9%
$556,311
$556.3K
Market Conditions
NOI Build-Up for 7,200 SF
Gross rent
$64.8K $9.00/SF
− Vacancy
−$5.9K −$0.82/SF
EGI
$58.9K $8.18/SF
− OpEx
−$8.8K −$1.23/SF
NOI
$50.1K $6.95/SF
Area
Kaufman County, TX
Vacancy
9.10%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,001,360
Cap Rate 7%
$715,257
Cap Rate 9%
$556,311
Alternative Uses
Best Use
Office B
$1.77M
$1.55M – $2.07M
NOI $123,918 @ 7.0% cap · market cap 12.40%
Second Best
Warehouse
$715.3K
$625.9K – $834.5K
NOI $50,068 @ 7.0% cap · market cap 5.01%
Theoretical Best
Multifamily LT 5
$90.62M
$79.29M – $105.72M
NOI $6,343,067 @ 7.0% cap · market cap 634.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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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.
