Medical Office Building with Full
For Sale
$2,700,000
1701 Fountainview Drive Mansfield, Mansfield, TX 76063
Nearly new medical office building is fully leased to medical tenants, generating income from day one.
Property Size5,814 SF
Days on Market38
Property Features for 1701 Fountainview Drive Mansfield
General Information
Standard status
Active
Size
5,814 SF
Zoning
General Office
Occupancy
100%
Additional Details
Business Included
Yes
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$13,235
Building Details
Building Size
5,814 SF
Year Built
2025
Stories
1
Tenancy
Multi
Listing Agency:
OPT
(800) 683-5651
Listed By:
Tristen Doe
(800) 683-5651
Source:
Jparhouston
Added: Jul 15
Changed: Aug 18
Last Checked: Aug 21 at 4:02AM
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 OPT
Investment Insights
Based on property information with market context.
This nearly brand-new medical office building is approximately 5,000 square feet and is described as fully leased with medical tenants. The asset is positioned for income from day one, with the remarks noting young lease terms.
The property is located in Mansfield, Texas, about 1.5 miles from the future City Hall. The public remarks also reference a nearby development with a walkable lake water feature and surrounding retail, dining, and entertainment, and indicate the building is about 1 minute from H-E-B and other nearby coffee, shops, eateries, and bars.
Access is described as convenient to Fort Worth and Dallas, with Highways 287 and SH 360 noted as close by.
The property is located in Mansfield, Texas, about 1.5 miles from the future City Hall. The public remarks also reference a nearby development with a walkable lake water feature and surrounding retail, dining, and entertainment, and indicate the building is about 1 minute from H-E-B and other nearby coffee, shops, eateries, and bars.
Access is described as convenient to Fort Worth and Dallas, with Highways 287 and SH 360 noted as close by.
Key Highlights
- Year built 2025 nearly new medical office building
- Over 5,000 SF building is fully leased to medical tenants
- Income generated from day one with current leases in place
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
Turnkey business
Opportunity
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 - Nearly new medical office building is fully leased to medical tenants, generating income from day one.
Where is this medical office space located?
The property is located at 1701 Fountainview Drive Mansfield Mansfield, TX.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Year built 2025 nearly new medical office building; Over 5,000 SF building is fully leased to medical tenants; Income generated from day one with current leases in place
