615 Wisteria St Mansfield, TX 76063-2432
This exceptional Mansfield, Texas industrial property presents a compelling investment opportunity for owner-occupants or investors. The property encompasses 19,000 square feet of warehouse space, strategically divided between two buildings. A 15,000 square foot building constructed in 2001 complements a newer 4,000 square foot addition completed in 2023, showcasing a blend of established infrastructure and modern updates. Recent renovations in 2023 further enhance the property's appeal. Situated on a generous 2.75-acre lot in the desirable Heritage Parkway industrial park, just off Highway 287, this location offers excellent accessibility and visibility. The property boasts six grade-level doors and three dock-high doors, facilitating efficient loading and unloading. A 21-foot ceiling height provides ample vertical space for storage and operations. The property also includes a fenced truck yard, enhancing security and operational efficiency. A new fire suppression system is currently being installed, adding another layer of safety and protection. While a 300 square foot accessory building and a separate storage building are present, they are not included in the stated 19,000 square foot leasable area. This presents a unique opportunity for expansion or the development of additional income-generating space. The asking price is $3,275,000, translating to $172.37 per square foot. This property offers significant potential for growth and return on investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.