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Property profile & analytics
OFF-MARKET
Investment properties

15421 State Highway 198 Mabank, TX 75147

3,600 SF 3.54 ac lot Built 2010
Property ID
US82-2092459
Property summary
AI-generated overview

This exceptional 3,600 square foot warehouse, situated on a 3.54-acre lot in Mabank, Texas, presents a compelling investment or owner-user opportunity. The property boasts prime highway frontage on State Highway 198, enjoying high visibility and traffic flow due to its adjacency to a busy gas station. The warehouse itself sits on approximately 1.04 acres of commercially zoned land, offering ample space for operations or expansion. An additional 2.5 acres of residentially zoned land directly behind the property provides further development potential. The current lease on the warehouse expires in November 2024, opening up various options for the new owner. While there is currently no sewer connection, the property has the potential for connection to city sewer at the buyer's expense. It's important to note that future uses are restricted and cannot include grocery retail. This property's strategic location and versatile zoning make it an attractive proposition for a wide range of businesses seeking high visibility and convenient access to major transportation routes. The combination of warehouse space and additional land presents a unique opportunity for both immediate use and future development. Priced at $495,000, this property offers significant potential for return on investment.

Property profile
Verified
Property type Investment properties
Year built 2010
Total area 3,600 SF
Lot 3.54 ac (154,202 SF)
UPID US82-2092459
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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