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 Market194
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) 335-7575
Source:
Crexi
Added: Feb 25
Changed: Sep 5
Last Checked: Sep 7 at 1:35PM
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
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
$143,423
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
6.05%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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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
