200 Industrial BlvdMansfield, TX 76063

Property Details for 200 Industrial Blvd

Year built

1985

Lot size

2.00 AC

Property size (Sq ft)

1,152 SF

Property type

Office buildings

APN

34703--R1

APU

34703R1

Description

This 3.1-acre industrial land parcel in Mansfield, Texas, presents a unique investment opportunity. Located at 200 Industrial Blvd, 76063, in Tarrant County, this property boasts a Light Industrial (LI) zoning designation. Currently generating income from month-to-month truck parking tenants, the site features a 1,152 square foot office building, making it an ideal investment for continued rental income. The property includes electric entry and exit gates, security cameras, and ample lighting for enhanced security. The land is improved with a 12-inch crushed rock/gravel flex base, providing a durable surface for truck parking. Utilities are readily available, including city sewer and water. A concrete apron is in place for convenient trailer parking. The property is grandfathered for truck parking, and the city has permitted a 4,900 square foot repair shop, offering potential for expansion or future development. This is the only truck parking site within a three-mile radius, ensuring a strong competitive advantage. The asking price is $2,490,000.

• CAP approach

  CAP return

  Valuation

  6%

  $220,604

  6.5%

  $203,635

  7%

  $189,089

• Comparable approach

  Method

  Valuation

  Relative Method

  $147,416

  Geo Method

  $344,897

• Alternative Use

  Use

  Valuation

  Residential

  $252,507

  Hospitality

  $231,295

  Educational

  $192,435

  Medical

  $199,053

  Retail

  $299,343

Location Insight

City

Mansfield

County

Tarrant

State

Texas

Latitude

32.5553

Longitude

-97.1437

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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