Historic Two-Story Office
For Sale
Contact for pricing
103 Van Worth Street, Mansfield, TX 76063
Two-story historic office building with three private lockable offices, offering flexible client and workspace options.
Property Size1,050 SF
Price / SF$3.33
Days on Market93
Property Features for 103 Van Worth Street
General Information
Standard status
Active
Size
1,050 SF
Property subtype
Office
Additional Details
Office Units
3
Building Details
Year Built
1940
Stories
2
Listing Agency:
NextHome on Main
(469) 946-6398
Listed By:
Kim Pratt · License #0596338
(817) 473-7661
Source:
Lonestarluxuryrealty
Added: Jul 16
Changed: Oct 8
Last Checked: Oct 15 at 1:04AM
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 NextHome on Main
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Investment Insights
Based on property information with market context.
This historic two-story commercial property at 103 Van Worth Street includes three private, lockable offices within a functional layout. The design supports flexibility between downstairs space that can accommodate client-facing operations and additional office or workspace upstairs. Original historic character details remain in place throughout, adding distinctive character to the business environment.
The building is located in Historic Downtown Mansfield in a high-visibility area among local shops, dining, and community activity. Access to major roads is described as convenient, supporting day-to-day operations and customer visits.
The interior configuration is centered on three private offices, making the space well suited for businesses seeking a smaller, professional footprint with room to separate work areas across two levels.
The building is located in Historic Downtown Mansfield in a high-visibility area among local shops, dining, and community activity. Access to major roads is described as convenient, supporting day-to-day operations and customer visits.
The interior configuration is centered on three private offices, making the space well suited for businesses seeking a smaller, professional footprint with room to separate work areas across two levels.
Key Highlights
- Historic downtown Mansfield two‑story commercial building built in 1940
- Offers three private, lockable offices for tenant use
- Flexible layout with potential for client‑facing space downstairs and additional workspace upstairs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,144
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,880
$362.9K
Cap Rate 7%
$259,200
$259.2K
Cap Rate 9%
$201,600
$201.6K
Market Conditions
NOI Build-Up for 1,050 SF
Gross rent
$32.3K $30.72/SF
− Vacancy
−$8.1K −$7.68/SF
EGI
$24.2K $23.04/SF
− OpEx
−$6.0K −$5.76/SF
NOI
$18.1K $17.28/SF
Area
Tarrant County, TX
Vacancy
25.00%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,880
Cap Rate 7%
$259,200
Cap Rate 9%
$201,600
Alternative Uses
Best Use
Office B
$259.2K
$226.8K – $302.4K
NOI $18,144 @ 7.0% cap · market cap 518.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$369.4K
$323.2K – $430.9K
NOI $25,855 @ 7.0% cap · market cap 738.71%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Office units
Location Intelligence
Trade Area within ½ mile
785
Businesses Nearby
Explore this area
Business Placement
Demographics for 76063, TX
76,914
Population
28,105
Households
2.7
Avg Household Size
37
Median Age
42%
College-Educated
94%
High-School Grad
50.0 sq mi
ZIP Area
1,538
Density / Sq Mi
$113,177
Median Household Income
$56,480
Median Earnings
$1,762
Median Rent
$378,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Two-story historic office building with three private lockable offices, offering flexible client and workspace options.
Where is this office units located?
The property is located at 103 Van Worth Street Mansfield, TX.
What are key features of this property?
This property features: Historic downtown Mansfield two‑story commercial building built in 1940; Offers three private, lockable offices for tenant use; Flexible layout with potential for client‑facing space downstairs and additional workspace upstairs
