Office Building Investment
1839 Cannon Drive Mansfield, TX 76063
For Sale
Contact for pricing
A for-sale office property totaling 3,200 square feet, offered with a stated 6.50% cap rate.
Property Size3,200 SF
Price / SF$446.88
Days on Market52
Property Features for 1839 Cannon Drive
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Property subtype
- Office
Building Details
- Year Built
- 2021
Listing Agency:
Summit Real Estate
(469) 844-8884
Listed By:
Jason Vitorino · License #TX 512565
Source:
Crexi
Added: Jun 3
Changed: Jul 10
Last Checked: Jul 23 at 12:23PM
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 Summit Real Estate
Investment Insights
Based on property information with market context.
This for-sale commercial property is an office building configured as office units, totaling approximately 3,200 square feet. The offering is presented as an income-oriented opportunity, with a stated 6.50% cap rate included in the public remarks.
The property is located at 1839 Cannon Drive in Mansfield, Texas 76063. Beyond the address and overall size, no additional building attributes, unit breakdown, or amenity details are provided in the available information.
For buyers seeking an office investment, the size and the provided cap rate can help frame underwriting and compare against other office opportunities. The asset may also be of interest to owner-operators looking for a manageable footprint in an office configuration. Interested parties should review the full offering materials for specifics on unit mix, current occupancy status, lease terms, and any property-level expenses, as those details are not included here.
The property is located at 1839 Cannon Drive in Mansfield, Texas 76063. Beyond the address and overall size, no additional building attributes, unit breakdown, or amenity details are provided in the available information.
For buyers seeking an office investment, the size and the provided cap rate can help frame underwriting and compare against other office opportunities. The asset may also be of interest to owner-operators looking for a manageable footprint in an office configuration. Interested parties should review the full offering materials for specifics on unit mix, current occupancy status, lease terms, and any property-level expenses, as those details are not included here.
Key Highlights
- For‑sale office property totaling 3,200 square feet
- Stated 6.50% cap rate
- Built in 2021
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 | $98.3k | $30.72 |
| − Vacancy | −$24.6k | −$7.68 |
| EGI | $73.7k | $23.04 |
| − OpEx | −$18.4k | −$5.76 |
| NOI | $55.3k | $17.28 |
3,200 SF · lease $30.72/SF/yr · vacancy 25.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$789.9K
$691.2K – $921.6K
NOI $55,296 @ 7.0% cap · market cap 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.13M
$985.0K – $1.31M
NOI $78,797 @ 7.0% cap · market cap 5.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - A for-sale office property totaling 3,200 square feet, offered with a stated 6.50% cap rate.
Where is this office units located?
The property is located at 1839 Cannon Drive Mansfield, TX.
What is the asking price?
The asking price for this property is $1,430,000.
What are key features of this property?
This property features: For‑sale office property totaling 3,200 square feet; Stated 6.50% cap rate; Built in 2021
