Office-Warehouse Flex
511 S 5th Ave Mansfield, TX 76063
511 S 5th Ave, Mansfield, TX, 76063
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For Sale
Contact for pricing
Office-warehouse facility offers dock-ramp loading with about 2,400 SF of office space.
Property Size20,625 SF
Price / SF$130
Days on Market146
Property Features for 511 S 5th Ave
General Information
- Standard status
- Active
- Size
- 20,625 SF
- Property subtype
- Office, Industrial
Listing agency
Team & Vasseur
(817) 335-7575
Listed by
Gary Vasseur · License #TX 158025
Source
Crexi
Added: Feb 25 Updated: Jul 20 at 8:19PM Checked: Jul 20 at 8:19PM
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 Team & Vasseur
Investment Insights
Based on property information with market context.
This office-warehouse flex facility totals approximately 20,625 square feet (+/-) and includes dock-ramp loading for convenient receiving and shipping. The property also features approximately 2,400 square feet (+/-) of office space to support onsite operations.
The asset is offered for sale.
With a combined warehouse and office layout, the building is positioned for businesses that need both production or storage space and dedicated administrative space in one facility.
The asset is offered for sale.
With a combined warehouse and office layout, the building is positioned for businesses that need both production or storage space and dedicated administrative space in one facility.
Key Highlights
- 20,625 SF (+/-) office‑warehouse facility
- Dock‑ramp loading
- About 2,400 SF (+/-) of office space
Local Financial Insights For Flex RnD
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 | $396.0k | $19.20 |
| − Vacancy | −$47.5k | −$2.30 |
| EGI | $348.5k | $16.90 |
| − OpEx | −$122.0k | −$5.91 |
| NOI | $226.5k | $10.98 |
20,625 SF · lease $19.20/SF/yr · vacancy 12.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$3.24M
$2.83M – $3.78M
NOI $226,512 @ 7.0% cap · market cap 8.45%
Second Best
Warehouse
$2.05M
$1.79M – $2.39M
NOI $143,423 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$7.26M
$6.35M – $8.46M
NOI $507,870 @ 7.0% cap · market cap 18.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Office-warehouse facility offers dock-ramp loading with about 2,400 SF of office space.
Where is this flex space located?
The property is located at 511 S 5th Ave Mansfield, TX.
What is the asking price?
The asking price for this property is $2,681,250.
What are key features of this property?
This property features: 20,625 SF (+/-) office‑warehouse facility; Dock‑ramp loading; About 2,400 SF (+/-) of office space
