Newly Built Medical Office
For Sale
$2,699,000
1701 Fountainview Dr, Mansfield, TX 76063
Fully leased to medical tenants with convenient access to local retail and regional highways.
Property Size5,814 SF
Price / SF$464.22
Days on Market46
Property Features for 1701 Fountainview Dr
General Information
Standard status
Active
Size
5,814 SF
Occupancy
100%
Additional Details
Highway Access
Yes
Building Details
Year Built
2025
Buildings
1
Tenancy
Multi
Listing Agency:
Randall Garrett Real Estate
Listed By:
Randall Garrett, Ana Garrett · License #0641879
(817) 475-4644
Source:
Minteerteam
Added: Jul 20
Changed: Sep 2
Last Checked: Sep 1 at 9:09PM
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 Randall Garrett Real Estate
Investment Insights
Based on property information with market context.
Completed in 2025, this 5,814-square-foot medical office property is fully leased to medical tenants. The building offers a recently constructed setting for an income-producing medical office asset, with lease terms described as young in the property information.
The property is located at 1701 Fountainview Dr in Mansfield, approximately 1.5 miles from the future City Hall site and its planned walkable lake and retail-oriented development. HEB, coffee shops, restaurants, and bars are one minute away. Regional travel is supported by nearby Hwy 287 and SH 360, providing access toward Fort Worth and Dallas.
The property is located at 1701 Fountainview Dr in Mansfield, approximately 1.5 miles from the future City Hall site and its planned walkable lake and retail-oriented development. HEB, coffee shops, restaurants, and bars are one minute away. Regional travel is supported by nearby Hwy 287 and SH 360, providing access toward Fort Worth and Dallas.
Key Highlights
- 5,814‑square‑foot medical office building completed in 2025
- Fully leased to medical tenants
- Located 1.5 miles from the future City Hall site
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$100,466
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,009,320
$2.0M
Cap Rate 7%
$1,435,229
$1.4M
Cap Rate 9%
$1,116,289
$1.1M
Market Conditions
NOI Build-Up for 5,814 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$178.6K $30.72/SF
− Vacancy
−$44.7K −$7.68/SF
EGI
$134.0K $23.04/SF
− OpEx
−$33.5K −$5.76/SF
NOI
$100.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,009,320
Cap Rate 7%
$1,435,229
Cap Rate 9%
$1,116,289
Alternative Uses
Best Use
Office B
$1.44M
$1.26M – $1.67M
NOI $100,466 @ 7.0% cap · market cap 3.72%
Second Best
Healthcare Medical
$1.42M
$1.25M – $1.66M
NOI $99,629 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$2.05M
$1.79M – $2.39M
NOI $143,164 @ 7.0% cap · market cap 5.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
571
Businesses Nearby
Well-served
Demand for This Use
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
Questions? Ask Rey
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Similar Off Market Nearby
- Thrive Pet Healthcare Specialists Mansfield — 301 U.S. 287 Frontage Rd, Mansfield, TX 76063
- Banfield Pet Hospital — 1701 E Broad St Ste 101, Mansfield, TX 76063
Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully leased to medical tenants with convenient access to local retail and regional highways.
Where is this medical office space located?
The property is located at 1701 Fountainview Dr Mansfield, TX.
What is the asking price?
The asking price for this property is $2,699,000.
What are key features of this property?
This property features: 5,814‑square‑foot medical office building completed in 2025; Fully leased to medical tenants; Located 1.5 miles from the future City Hall site
