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    New Class A Office Building Title is generated by Realmo AI

    717-733 Hwy 287 N Suite 601, Mansfield, TX

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    Class A office building built in 2020 with highway frontage.

    Type:OFFICE
    Property size:
    16,380 SF
    Lot size:
    3.20 Acres
    Price / SF:
    $279/SF
    Added:
    Jan 20, 2025
    Days on Market:
    505
    Last Refresh:
    May 20 at 8:41 pm

    Property Features for 717-733 Hwy 287 N Suite 601

    General Information

    Standard status
    Active
    Size
    16,380 SF
    Lot size
    3.20 Acres
    Property subtype
    OFFICE

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    Listing Contact
    JP Humphrey, III

    Listing agent JP Humphrey, III License #793517

    Listing office Advisors Commercial Real Estate - Arlington

    Listing date Jan 20, 2025

    Source Moodyscre

    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 Advisors Commercial Real Estate - Arlington

    HighLights

    • Located directly off HWY 287 with superior frontage, seeing over 60,000 vehicles per day.
    • New Class “A” office construction built in 2020.
    • High household income ($124,913 in 3‑mile radius) and steady population growth (2% annually from 2010‑2023).
    • Potential to convert gross leases to NNN, creating significant upside.
    • Convenient ingress & egress to properties.
    • In close proximity to numerous major national retailers.

    Overview

    This Class A office building, constructed in 2020, offers potential for converting gross leases to NNN leases. The property is located directly off Highway 287, benefiting from high visibility with over 60,000 vehicles per day. The surrounding area has a strong economic base, with a household income of $124,913 within a 3-mile radius. The area has experienced steady population growth of 2% annually from 2010 to 2023 within a 3-mile radius. The property provides convenient access and is near numerous major national retailers, including Chick-fil-A, Walmart, Tom Thumb, McDonald’s, Target, and The Home Depot. The tenant mix is diverse, ranging from medical to general and professional uses. The property contains 16,380 square feet.

    Local 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 $503.2k $30.72
    − Vacancy −$125.8k −$7.68
    EGI $377.4k $23.04
    − OpEx −$94.3k −$5.76
    NOI $283.0k $17.28
    16,380 SF · lease $30.72/SF/yr · vacancy 25.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $4.04M
    $3.54M – $4.72M (±1% cap)
    NOI $283,046 @ 7.0% cap · market cap 6.19%
    Second Best
    no second resolved use
    Theoretical Best
    Office A
    $5.76M
    $5.04M – $6.72M (±1% cap)
    NOI $403,341 @ 7.0% cap · market cap 8.82%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mansfield
    County
    Tarrant
    State
    Texas
    Longitude
    -97.1174
    Latitude
    32.5637

    FAQs

    What type of property is this?
    Office building - Class A office building built in 2020 with highway frontage.
    Where is this office building located?
    The property is located at 717-733 Hwy 287 N Suite 601 Mansfield, TX.
    What is the asking price?
    The asking price for this property is $4,575,000.
    What are key features of this property?
    This property features: Located directly off HWY 287 with superior frontage, seeing over 60,000 vehicles per day.; New Class “A” office construction built in 2020.; High household income ($124,913 in 3‑mile radius) and steady population growth (2% annually from 2010‑2023).
    (817) 226-0000 Call to check price and availability
    More about this property
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