624 Wisteria St Mansfield, TX 76063-2423
This exceptional commercial property, located at 624 S Wisteria Street in Mansfield, Texas, encompasses nearly two acres of land (1.94 acres to be exact). Currently zoned for light industrial use, this property presents a significant opportunity for investors and businesses seeking a strategic location in a thriving area. The property is priced competitively at $600,000, reflecting its market value as supported by a recently completed appraisal. Prospective buyers are encouraged to independently verify all zoning information with the City of Mansfield to ensure it aligns with their intended use. The expansive lot size offers considerable flexibility for development, making it suitable for a variety of commercial ventures. Given its size and location, this property is an attractive investment opportunity with strong potential for future growth and return. The convenient location within Mansfield offers easy access to major transportation routes, enhancing its appeal for businesses requiring efficient logistics and distribution capabilities. This is a rare opportunity to acquire a substantial commercial land parcel in a desirable Texas market. Act quickly to secure this exceptional property.
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.