Office Building Investment
For Sale
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1839 Cannon Drive, Mansfield, TX 76063
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 Market143
Property Features for 1839 Cannon Drive
General Information
Standard status
Active
Size
3,200 SF
Class
A
Property subtype
Office
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$92,800
Additional Details
Cap Rate
6.5%
Building Details
Year Built
2021
Buildings
1
Tenancy
Multi
Listing Agency:
Summit RE
Listed By:
Jason Vitorino · License #TX 512565
(469) 844-8884
Source:
Crexi
Added: Jun 3
Changed: Oct 16
Last Checked: Oct 23 at 6:47AM
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 RE
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Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$55,296
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,105,920
$1.1M
Cap Rate 7%
$789,943
$789.9K
Cap Rate 9%
$614,400
$614.4K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$98.3K $30.72/SF
− Vacancy
−$24.6K −$7.68/SF
EGI
$73.7K $23.04/SF
− OpEx
−$18.4K −$5.76/SF
NOI
$55.3K $17.28/SF
Area
Tarrant County, TX
Vacancy
25.00%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,105,920
Cap Rate 7%
$789,943
Cap Rate 9%
$614,400
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 authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
564
Businesses Nearby
Explore this area
Business Placement
Demographics for 76063, TX
76,914
Population
28,105
Households
2.7
Avg Household Size
37
Median Age
42%
College-Educated
94%
High-School Grad
50.0 sq mi
ZIP Area
1,538
Density / Sq Mi
$113,177
Median Household Income
$56,480
Median Earnings
$1,762
Median Rent
$378,600
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
Frequently Asked Questions
What type of property is this?
Office unit - A for-sale office property totaling 3,200 square feet, offered with a stated 6.50% cap rate.
Where is this office unit 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
