Office-Warehouse Flex
For Sale
Contact for pricing
511 S 5th Ave, Mansfield, TX 76063
Office-warehouse facility offers dock-ramp loading with about 2,400 SF of office space.
Property Size20,625 SF
Price / SF$115
Days on Market240
Property Features for 511 S 5th Ave
General Information
Standard status
Active
Size
20,625 SF
Property subtype
Office, Industrial
Zoning
Light Industrial
Listing Agency:
Team & Vasseur
Listed By:
Gary Vasseur · License #TX 158025
(817) 929-4728
Source:
Crexi
Added: Feb 25
Changed: Oct 7
Last Checked: Oct 23 at 5:34AM
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
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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 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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$143,423
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,868,460
$2.9M
Cap Rate 7%
$2,048,900
$2.0M
Cap Rate 9%
$1,593,589
$1.6M
Market Conditions
NOI Build-Up for 20,625 SF
Gross rent
$185.6K $9.00/SF
− Vacancy
−$16.9K −$0.82/SF
EGI
$168.7K $8.18/SF
− OpEx
−$25.3K −$1.23/SF
NOI
$143.4K $6.95/SF
Area
Tarrant County, TX
Vacancy
9.10%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,868,460
Cap Rate 7%
$2,048,900
Cap Rate 9%
$1,593,589
Alternative Uses
Best Use
Flex RnD
$3.24M
$2.83M – $3.78M
NOI $226,512 @ 7.0% cap · market cap 9.55%
Second Best
Warehouse
$2.05M
$1.79M – $2.39M
NOI $143,423 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$7.26M
$6.35M – $8.46M
NOI $507,870 @ 7.0% cap · market cap 21.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
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 $2,371,875.
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
