Mixed-Use Office and Warehouse
New
For Sale
$1,399,999
Pending
1920 S 3rd Street, Mabank, TX 75147
Office suites, warehouse space, and an existing vehicle-storage operation occupy a commercially zoned site.
Property Size5,000 SF
Lot Size2.93 Acres
Days on Market7
Property Features for 1920 S 3rd Street
General Information
Standard status
Pending
Size
5,000 SF
Total Parking Spaces
16
Lot size
2.93 Acres
Zoning
C1
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Warehouse Space
2,500 SF
Office Build-Out
2,500 SF
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Business Included
Yes
Property Use
Office, Warehouse, Storage
Amenities
security cameras
conference room
kitchen break area
copier workroom
sign location
Concrete,Luxury Vinyl Plank
5000
1
Other
1 to < 3 Acres
Slab
Acreage,Adjacent to Greenbelt,Landscaped,Sprinkler System
No Dock
2.9300
Acres
Public Records
Additional Parking,Attached Carport,Concrete,Garage,Garage Faces Side,Inside Entrance,Kitchen Level,Parking Lot,See Remarks
City Street,Curbs/Gutters,Highway
5000.00
127630.8000
Texture
Building Details
Building Size
5,000 SF
Year Built
1999
Stories
1
Listing Agency:
TX Lake & Land Real Estate
(817) 402-2342
Listed By:
Shannon Bullington
Source:
Focusonhomesrealty
Added: Oct 26
Changed: Oct 31
Last Checked: Oct 31 at 3:00AM
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 TX Lake & Land Real Estate
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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 mixed-use property on 2.93 acres combines approximately 5,000 square feet of building area, divided between 2,500 square feet of finished office space and 2,500 square feet of warehouse space. The office layout has 14 private offices, a conference room, kitchen area, two bathrooms, and a copier workroom. Warehouse features include two high-bay overhead doors and storage above the office. The property was built in 1999 and is zoned C1.
Outside, approximately 3,750 square feet of covered parking complements 16 office parking spaces: 12 covered and four uncovered. The rear area is used for uncovered RV, boat, and trailer storage and is enclosed by high fencing; the existing storage business transfers with the property. Four billboards face Hwy 198, and an electrically serviced sign location is also in place.
Outside, approximately 3,750 square feet of covered parking complements 16 office parking spaces: 12 covered and four uncovered. The rear area is used for uncovered RV, boat, and trailer storage and is enclosed by high fencing; the existing storage business transfers with the property. Four billboards face Hwy 198, and an electrically serviced sign location is also in place.
Key Highlights
- 2.93‑acre site with approximately 5,000 square feet of building area
- Finished 2,500‑square‑foot office component has 14 private offices
- 2,500‑square‑foot warehouse with two high‑bay overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,650
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,053,000
$1.1M
Cap Rate 7%
$752,143
$752.1K
Cap Rate 9%
$585,000
$585.0K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$90.0K $18.00/SF
− Vacancy
−$9.0K −$1.80/SF
EGI
$81.0K $16.20/SF
− OpEx
−$28.4K −$5.67/SF
NOI
$52.7K $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 Rate 5%
$1,053,000
Cap Rate 7%
$752,143
Cap Rate 9%
$585,000
Alternative Uses
Best Use
Flex RnD
$752.1K
$658.1K – $877.5K
NOI $52,650 @ 7.0% cap · market cap 3.76%
Second Best
Warehouse
$444.9K
$389.3K – $519.1K
NOI $31,143 @ 7.0% cap · market cap 2.22%
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $123,120 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
159
Businesses Nearby
Explore this area
Business Placement
Demographics for 75147, TX
7,781
Population
3,302
Households
2.4
Avg Household Size
40
Median Age
19%
College-Educated
86%
High-School Grad
86.2 sq mi
ZIP Area
90
Density / Sq Mi
$60,520
Median Household Income
$34,572
Median Earnings
$899
Median Rent
$238,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Office suites, warehouse space, and an existing vehicle-storage operation occupy a commercially zoned site.
Where is this mixed-use property located?
The property is located at 1920 S 3rd Street Mabank, TX.
What is the asking price?
The asking price for this property is $1,399,999.
What are key features of this property?
This property features: 2.93‑acre site with approximately 5,000 square feet of building area; Finished 2,500‑square‑foot office component has 14 private offices; 2,500‑square‑foot warehouse with two high‑bay overhead doors
