Office Unit with Flexible
For Sale
$1,100,000
1380 N US Hwy 287, Mansfield, TX 76063
CommercialSale, Mansfield, TX
Property Size2,483 SF
Lot Size1.43 Acres
Price / SF$443.01
Days on Market253
Property Features for 1380 N US Hwy 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
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
(817) 223-9452
Added: Feb 10
Changed: Oct 20
Last Checked: Oct 21 at 8:06AM
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 an office condominium suite within a four-unit project, offering a practical arrangement for professional, medical, or creative operations. The interior includes a reception area, kitchen, multiple enclosed offices, and a substantial common room currently set up with a golf simulator. Combination flooring, central heating, and central air support the existing buildout, while brick, block, and wood siding form the exterior construction.
The property is positioned on the frontage road near US Highway 287 in Mansfield, providing access to the regional roadway network. Site features include a parking lot, a ramped accessible approach, public water, public sewer, and a composition roof. Built in 2004, the office unit is offered for sale and is also available for lease. The current owner requires a leaseback while completing construction of a replacement office.
The property is positioned on the frontage road near US Highway 287 in Mansfield, providing access to the regional roadway network. Site features include a parking lot, a ramped accessible approach, public water, public sewer, and a composition roof. Built in 2004, the office unit is offered for sale and is also available for lease. The current owner requires a leaseback while completing construction of a replacement office.
Key Highlights
- Office unit within a four‑unit condominium project
- Reception area, kitchen, multiple private offices, and large common room
- 1.4257‑acre property with parking lot
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.
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Current Use
Lease Details
4
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A flexible office condominium suite includes reception, kitchen, private offices, and a spacious shared area.
Where is this office unit located?
The property is located at 1380 N US Hwy 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: Office unit within a four‑unit condominium project; Reception area, kitchen, multiple private offices, and large common room; 1.4257‑acre property with parking lot
