Retail Building with
For Sale
Contact for pricing
500 S Main Street, Mansfield, TX 76063
Flexible zoning supports retail, professional office, and medical uses in an established commercial setting.
Property Size1,668 SF
Price / SF$1.95
Days on Market48
Property Features for 500 S Main Street
General Information
Standard status
Active
Size
1,668 SF
Property subtype
Retail
Building Details
Year Built
1951
Listing Agency:
Dynamic Real Estate Group
(817) 223-9452
Listed By:
Justin Lackey · License #0735314
(817) 821-6279
Source:
Lonestarluxuryrealty
Added: Sep 6
Changed: Oct 3
Last Checked: Oct 23 at 9:05AM
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 Dynamic Real Estate Group
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Investment Insights
Based on property information with market context.
This 1,668-square-foot retail property, built in 1951, offers a flexible commercial layout suitable for retail, professional office, or medical use. The site includes eight designated parking spaces along with handicap-accessible parking, while mature trees and established landscaping add a polished setting for customers, clients, and staff.
Positioned at 500 S Main Street in Mansfield, the property is located within Historic Downtown Mansfield and near downtown shops, restaurants, businesses, and other ongoing activity. Its central setting, on-site parking, and adaptable zoning support a range of owner-user business concepts seeking a recognizable commercial address.
Positioned at 500 S Main Street in Mansfield, the property is located within Historic Downtown Mansfield and near downtown shops, restaurants, businesses, and other ongoing activity. Its central setting, on-site parking, and adaptable zoning support a range of owner-user business concepts seeking a recognizable commercial address.
Key Highlights
- 1,668‑square‑foot retail property built in 1951
- Eight designated parking spaces plus handicap‑accessible parking
- Flexible zoning supports retail, professional office, and medical uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,686
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,720
$553.7K
Cap Rate 7%
$395,514
$395.5K
Cap Rate 9%
$307,622
$307.6K
Market Conditions
NOI Build-Up for 1,668 SF
Gross rent
$41.6K $24.96/SF
− Vacancy
−$2.1K −$1.25/SF
EGI
$39.6K $23.71/SF
− OpEx
−$11.9K −$7.11/SF
NOI
$27.7K $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 Rate 5%
$553,720
Cap Rate 7%
$395,514
Cap Rate 9%
$307,622
Alternative Uses
Best Use
Retail
$395.5K
$346.1K – $461.4K
NOI $27,686 @ 7.0% cap · market cap 851.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$586.8K
$513.4K – $684.6K
NOI $41,073 @ 7.0% cap · market cap 1,263.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
674
Businesses Nearby
4k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Shops & Services 44%
Twisted Root Burger Co.
Dining
2,303 visits/mo
0.2 miles
Conoco
Shops & Services
1,780 visits/mo
0.3 miles
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 Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Flexible zoning supports retail, professional office, and medical uses in an established commercial setting.
Where is this retail space located?
The property is located at 500 S Main Street Mansfield, TX.
What are key features of this property?
This property features: 1,668‑square‑foot retail property built in 1951; Eight designated parking spaces plus handicap‑accessible parking; Flexible zoning supports retail, professional office, and medical uses
