High-Visibility Retail
For Sale
$495,000
3354 Mansfield Highway, Forest Hill, TX 76119
For sale retail property with frontage along Mansfield Hwy, offering flexible commercial uses subject to zoning and approvals.
Property Size1,935 SF
Price / SF$255.81
Days on Market49
Property Features for 3354 Mansfield Highway
General Information
Standard status
Active
Size
1,935 SF
Property subtype
Retail
Building Details
Year Built
1955
Listing Agency:
Tidwell & Ellis RealEstate Srv
(817) 600-3622
Listed By:
Richard Odom · License #0638228
(972) 596-3769
Source:
Lonestarluxuryrealty
Added: Jul 20
Changed: Sep 5
Last Checked: Sep 5 at 6:32AM
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 Tidwell & Ellis RealEstate Srv
Investment Insights
Based on property information with market context.
For sale retail space at 3354 Mansfield Highway in Forest Hill, TX. The property is positioned for commercial exposure with frontage along Mansfield Hwy and is described as a versatile option for a range of uses.
The asset’s accessibility and visibility are intended to support business locations that benefit from drive-by exposure. The Mansfield Highway corridor is noted as serving the greater Fort Worth market, with convenient access to surrounding residential communities and established businesses.
The property’s flexibility is highlighted for potential retail, service businesses, office users, automotive-related concepts, specialty businesses, or future redevelopment, subject to zoning and applicable approvals. This makes it suitable for both owner-users seeking a recognizable, accessible site and investors exploring repositioning or leasing opportunities.
The asset’s accessibility and visibility are intended to support business locations that benefit from drive-by exposure. The Mansfield Highway corridor is noted as serving the greater Fort Worth market, with convenient access to surrounding residential communities and established businesses.
The property’s flexibility is highlighted for potential retail, service businesses, office users, automotive-related concepts, specialty businesses, or future redevelopment, subject to zoning and applicable approvals. This makes it suitable for both owner-users seeking a recognizable, accessible site and investors exploring repositioning or leasing opportunities.
Key Highlights
- Frontage along Mansfield Hwy on a high‑traffic corridor serving the greater Fort Worth market
- Flexible commercial potential for retail, service businesses, office users, automotive‑related concepts, or specialty businesses (subject to zoning)
- Versatile property suitable for owner‑users, investors, or redevelopment strategies (subject to zoning and approvals)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,118
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$642,360
$642.4K
Cap Rate 7%
$458,829
$458.8K
Cap Rate 9%
$356,867
$356.9K
Market Conditions
NOI Build-Up for 1,935 SF
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.
Gross rent
$48.3K $24.96/SF
− Vacancy
−$2.4K −$1.25/SF
EGI
$45.9K $23.71/SF
− OpEx
−$13.8K −$7.11/SF
NOI
$32.1K $16.60/SF
Area
Tarrant County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$642,360
Cap Rate 7%
$458,829
Cap Rate 9%
$356,867
Alternative Uses
Best Use
Retail
$458.8K
$401.5K – $535.3K
NOI $32,118 @ 7.0% cap · market cap 6.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$680.7K
$595.6K – $794.1K
NOI $47,647 @ 7.0% cap · market cap 9.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
510
Businesses Nearby
Explore this area
Business Placement
Demographics for 76119, TX
50,850
Population
16,697
Households
3
Avg Household Size
32
Median Age
8%
College-Educated
66%
High-School Grad
15.9 sq mi
ZIP Area
3,198
Density / Sq Mi
$46,537
Median Household Income
$29,387
Median Earnings
$1,234
Median Rent
$146,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - For sale retail property with frontage along Mansfield Hwy, offering flexible commercial uses subject to zoning and approvals.
Where is this retail space located?
The property is located at 3354 Mansfield Highway Forest Hill, TX.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Frontage along Mansfield Hwy on a high‑traffic corridor serving the greater Fort Worth market; Flexible commercial potential for retail, service businesses, office users, automotive‑related concepts, or specialty businesses (subject to zoning); Versatile property suitable for owner‑users, investors, or redevelopment strategies (subject to zoning and approvals)
