Premium Office Building on
For Sale
$1,100,000
15821 Highway 175, Mabank, TX 75143
Professional office building near Cedar Creek Lake, leased to businesses.
Property Size4,920 SF
Price / SF$223.58
Days on Market106
Property Features for 15821 Highway 175
General Information
Standard status
Active
Size
4,920 SF
Property subtype
Commercial
Building Details
Year Built
2021
Listing Agency:
Coldwell Banker American Dream
(903) 880-2444
Listed By:
Buck Gentry · License #0416423
(903) 880-2444
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Aug 5 at 2:38PM
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 professional office building is located on Highway 175 west of Mabank, near Cedar Creek Lake. Constructed in 2021, the 4920 square-foot building is currently leased to two large businesses. The west side of the building features five offices, two suites, a kitchen, a separate reception area, a work room, an IT room, and storage. The main building includes a large reception area with divided waiting areas, a large main meeting room, his and her lavatories, a kitchen, a coffee bar area, and a copy area. The east side contains six large office suites, two of which are currently used as meeting rooms. The property has a concrete parking area with 35 spaces, including two handicapped spaces. The location on Highway 175 with heavy traffic makes this building suitable for a variety of businesses.
Key Highlights
- Premium professional office building built in 2021
- Currently leased to two large businesses
- Located on Hwy 175, close to Cedar Creek Lake, with heavy traffic count
Financial Insights For Office B
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 | $151.1k | $30.72 |
| − Vacancy | −$41.4k | −$8.42 |
| EGI | $109.7k | $22.30 |
| − OpEx | −$27.4k | −$5.58 |
| NOI | $82.3k | $16.73 |
4,920 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.18M
$1.03M – $1.37M
NOI $82,297 @ 7.0% cap · market cap 7.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.73M
$1.51M – $2.02M
NOI $121,150 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
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?
Office building - Professional office building near Cedar Creek Lake, leased to businesses.
Where is this office building located?
The property is located at 15821 Highway 175 Mabank, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Premium professional office building built in 2021; Currently leased to two large businesses; Located on Hwy 175, close to Cedar Creek Lake, with heavy traffic count
