Office Condominium with Private
For Sale
$1,100,000
1380 N Highway 287, Mansfield, TX 76063
CommercialSale, Mansfield, TX
Property Size2,483 SF
Lot Size1.43 Acres
Price / SF$443.01
Days on Market148
Property Features for 1380 N Highway 287
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
office, retail, commercial
Parking features
Parking Lot
Accessibility
Accessible Approach with Ramp
Subdivision
Walnut Commons Condominiums
Directions
From 287, exit Walnut Creek, property is located on east side frontage road.
Standard status
Active
APN
43187768
Lot size
1.43 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
front desk reception area
kitchen
private office spaces
common area
golf simulator
Building Details
Year built
2004
Floors in Building
1
Number of units
1
Flooring type
Combination
Building materials
Brick, Block, WoodSiding
Roof type
Composition
Listing Agency:
Dynamic Real Estate Group
Listed By:
Ben Christopherson · License #0726269
(817) 223-9452
Added: Jun 10
Changed: Nov 3
Last Checked: Nov 4 at 9:06AM
MLS# 21163766
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Unit 101 is a 2,483-square-foot office within a four-unit condominium. Its interior includes a reception area, kitchen, several private offices, and a large common area currently set up with a golf simulator. The building was constructed in 2004 and has central heating and air conditioning, combination flooring, and a ramped accessible approach.
The property sits along the frontage road off Highway 287 in Mansfield. Parking is provided in a lot, with public water and public sewer serving the property. The current owner is constructing a new office and will require a leaseback after the sale.
The property sits along the frontage road off Highway 287 in Mansfield. Parking is provided in a lot, with public water and public sewer serving the property. The current owner is constructing a new office and will require a leaseback after the sale.
Key Highlights
- 2,483‑square‑foot Unit 101 in a four‑unit office condominium
- Interior includes reception, kitchen, private offices, and a large common area
- Large 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
Healthcare Medical
$607.8K
$531.9K – $709.2K
NOI $42,549 @ 7.0% cap · market cap 3.87%
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
Who owns this building?
See the owner, sales and loan history
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Current Use
Location Intelligence
Trade Area within ½ mile
791
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 unit - Unit 101 combines a reception area, kitchen, private rooms, and a large shared-use area.
Where is this office unit located?
The property is located at 1380 N Highway 287 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 Unit 101 in a four‑unit office condominium; Interior includes reception, kitchen, private offices, and a large common area; Large common area currently configured with a golf simulator
