Interior Lot Office
516 Pinson Road Forney, TX 75126
New
For Sale
$289,900
Existing office building offers reception, individual offices, a kitchen-breakroom, and a bathroom on an interior lot.
Property Size1,331 SF
Price / SF$217.81
Days on Market4
Property Features for 516 Pinson Road
General Information
Standard status
Active
Size
1,331 SF
Property subtype
Retail
Building Details
Year Built
1970
Listing Agency:
Riter Group
(972) 564-3332
Listed By:
Rene Jensen · License #0319907
(214) 532-6823
Source:
Lonestarluxuryrealty
Added: Jul 26
Changed: Jul 27
Last Checked: Jul 28 at 5:09AM
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 Riter Group
Investment Insights
Based on property information with market context.
This for-sale office property includes an existing building situated on an interior lot. The current configuration supports a waiting room-reception area, individual offices, a kitchen-breakroom, and a bathroom, with the option to remodel into a tailored workspace. The property also allows for the construction of a brand new building to fit specific needs.
Located on a heavily traveled thoroughfare, the site benefits from visibility among established businesses. It is also conveniently close to Hwy 80 and Forney’s historical downtown area.
For buyers seeking an office footprint that can be adapted—or redeveloped—this property provides a straightforward set of interior spaces centered around reception, multiple offices, and essential support rooms.
Located on a heavily traveled thoroughfare, the site benefits from visibility among established businesses. It is also conveniently close to Hwy 80 and Forney’s historical downtown area.
For buyers seeking an office footprint that can be adapted—or redeveloped—this property provides a straightforward set of interior spaces centered around reception, multiple offices, and essential support rooms.
Key Highlights
- Existing office building (1970) with reception/waiting room, individual offices, kitchen‑breakroom, and a bathroom
- Located on an interior lot in Forney
- Commercial property on a heavily traveled thoroughfare, with proximity to Hwy 80 and Forney historical downtown
Financial Insights For Office B
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 | $40.9k | $30.72 |
| − Vacancy | −$10.3k | −$7.77 |
| EGI | $30.5k | $22.95 |
| − OpEx | −$7.6k | −$5.74 |
| NOI | $22.9k | $17.21 |
1,331 SF · lease $30.72/SF/yr · vacancy 25.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$327.3K
$286.4K – $381.8K
NOI $22,908 @ 7.0% cap · market cap 7.90%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$16.75M
$14.66M – $19.54M
NOI $1,172,586 @ 7.0% cap · market cap 404.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Existing office building offers reception, individual offices, a kitchen-breakroom, and a bathroom on an interior lot.
Where is this office units located?
The property is located at 516 Pinson Road Forney, TX.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Existing office building (1970) with reception/waiting room, individual offices, kitchen‑breakroom, and a bathroom; Located on an interior lot in Forney; Commercial property on a heavily traveled thoroughfare, with proximity to Hwy 80 and Forney historical downtown
