Office Condominium
New
For Sale
$1,100,000
1380 N Highway 287 #101 101, Mansfield, TX 76063
A reception area, kitchen, private offices, and an open common area provide a varied workspace layout.
Property Size2,483 SF
Price / SF$443.01
Days on Market3
Property Features for 1380 N Highway 287 #101 101
General Information
Standard status
Active
Size
2,483 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Property Use
Office
Listing Agency:
Dynamic Real Estate Group
(817) 223-9452
Listed By:
Ben Christopherson · License #0726269
(817) 716-2174
Source:
Dallashighrisecondo
Added: Nov 4
Changed: Nov 5
Last Checked: Nov 4 at 3:03PM
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 Dynamic Real Estate Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Unit 101 contains 2,483 square feet within a four-unit office condominium. Its layout includes a front reception area, kitchen, multiple private offices, and a large shared space currently set up with a golf simulator. The unit is available for sale or lease; the current owner requires a leaseback while a new office is under construction.
The property is in Mansfield along the frontage road beside Highway 287.
The property is in Mansfield along the frontage road beside Highway 287.
Key Highlights
- 2,483‑square‑foot office unit in a four‑unit condominium
- Reception area, kitchen, several private offices, and a large common area
- Common area currently configured with a golf simulator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,906
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$858,120
$858.1K
Cap Rate 7%
$612,943
$612.9K
Cap Rate 9%
$476,733
$476.7K
Market Conditions
NOI Build-Up for 2,483 SF
Gross rent
$76.3K $30.72/SF
− Vacancy
−$19.1K −$7.68/SF
EGI
$57.2K $23.04/SF
− OpEx
−$14.3K −$5.76/SF
NOI
$42.9K $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%
$858,120
Cap Rate 7%
$612,943
Cap Rate 9%
$476,733
Alternative Uses
Best Use
Office B
$612.9K
$536.3K – $715.1K
NOI $42,906 @ 7.0% cap · market cap 3.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$873.4K
$764.3K – $1.02M
NOI $61,141 @ 7.0% cap · market cap 5.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
681
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
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A reception area, kitchen, private offices, and an open common area provide a varied workspace layout.
Where is this office unit located?
The property is located at 1380 N Highway 287 #101 101 Mansfield, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 2,483‑square‑foot office unit in a four‑unit condominium; Reception area, kitchen, several private offices, and a large common area; Common area currently configured with a golf simulator
