Warehouse with Finished Office
1920 S 3rd Street, Mabank, TX 75147
New
SINGLE_FAMILY - Mabank, TX
Type:Retail
Property size:
5,000 SFLot size:
2.93 AcresPrice / SF:
$279/SF- Added:
- Jun 23, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 23 at 3:06 pm
Property Features for 1920 S 3rd Street
General Information
- Property type
- Residential
- Property subtype
- Retail
- Parking features
- Garage, Carport, Parking Lot
- Security features
- Security
- Standard status
- Active
- APN
- 079404100A0051
- Lot size
- 2.93 Acres
Taxes and HOA fees
- Tax Description
- AB 794 G T WALTERS SUR, TR 41A
- Tax Annual Amount
- 15792
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1999
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Concrete, Vinyl
- Building materials
- MetalSiding, Rock, Stone
- Roof type
- Metal
Listing agent Courtney Dickens Johnson (214) 532-8327
Listing office TX Lake & Land Real Estate Gun Barrel City, TX (903) 802-7080
Listing date Jun 23, 2026
MLS# 21309451
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 2.93‑acre Hwy 198 commercial property with ~5,000 SF building space and covered RV/boat/trailer storage secured by perimeter high fencing
- Office area totals ~2,500 SF with 14 private offices, conference room, kitchen break area, 2 bathrooms, and copier workroom
- Office space currently produces close to $80,000 in annual rental income (buyer would inherit the existing storage business)
- Warehouse/extra storage totals ~2,500 SF and includes two high bay overhead doors plus extra storage above the office area
- Covered parking totals ~3,750 SF with 16 total office parking spaces: 12 covered and 4 uncovered
- Additional revenue includes four billboards on the property frontage, plus a front sign location with electrical
Overview
This flex-style property on 2.93 acres combines approximately 5,000 square feet of building space with dedicated storage and office improvements. The finished office portion totals about 2,500 square feet and includes 14 private offices, a conference room, kitchen break area, two bathrooms, and a copier workroom. Interior and exterior security video cameras are installed, supporting day-to-day operations. The additional 2,500 square feet is warehouse space with two high-bay overhead doors and extra storage above the office area.
The property is located along Hwy 198 in Mabank, in the Cedar Creek Lake area, with strong frontage exposure. Covered parking is available at approximately 3,750 square feet, along with 16 total office parking spaces, including 12 covered and 4 uncovered spaces. The back portion of the site is set up for uncovered RV, boat, and trailer storage, secured by perimeter high fencing.
For tenants or buyers, the layout supports a variety of office-and-operations uses, with a ready-to-run office suite and warehouse access through overhead doors. Current office space generates close to $80,000 in annual rental income, and the property also includes an existing storage business the buyer would inherit. Additional revenue is supported by four billboards along the front of the property, and a front sign location with electrical is in place.
The property is located along Hwy 198 in Mabank, in the Cedar Creek Lake area, with strong frontage exposure. Covered parking is available at approximately 3,750 square feet, along with 16 total office parking spaces, including 12 covered and 4 uncovered spaces. The back portion of the site is set up for uncovered RV, boat, and trailer storage, secured by perimeter high fencing.
For tenants or buyers, the layout supports a variety of office-and-operations uses, with a ready-to-run office suite and warehouse access through overhead doors. Current office space generates close to $80,000 in annual rental income, and the property also includes an existing storage business the buyer would inherit. Additional revenue is supported by four billboards along the front of the property, and a front sign location with electrical is in place.
Local 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 | $153.6k | $30.72 |
| − Vacancy | −$42.1k | −$8.42 |
| EGI | $111.5k | $22.30 |
| − OpEx | −$27.9k | −$5.58 |
| NOI | $83.6k | $16.73 |
5,000 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.19M
$1.05M – $1.39M
NOI $83,635 @ 7.0% cap · market cap 5.97%
Second Best
Flex RnD
$752.1K
$658.1K – $877.5K
NOI $52,650 @ 7.0% cap · market cap 3.76%
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 local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Location Insight
- Map
- Local Demand
- City
- Mabank
- County
- Henderson
- State
- Texas
- Longitude
- -96.10957519
- Latitude
- 32.34174374
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Multi-use warehouse and office setup with covered parking, overhead doors, fenced vehicle storage, and roadside billboard income.
Where is this flex space 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 Hwy 198 commercial property with ~5,000 SF building space and covered RV/boat/trailer storage secured by perimeter high fencing; Office area totals ~2,500 SF with 14 private offices, conference room, kitchen break area, 2 bathrooms, and copier workroom; Office space currently produces close to $80,000 in annual rental income (buyer would inherit the existing storage business)
