Medical Office Building with Full
For Sale
$2,699,000
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 Market92
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
Listed By:
Tristen Doe
(800) 683-5651
Source:
Jparhouston
Added: Jul 15
Changed: Oct 3
Last Checked: Oct 7 at 9:57AM
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 Tristen Doe
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 / Yr
$100,466
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
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
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 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.
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Open Analytics
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
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Market
Vacancy Rate% for Office in South region
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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 $2,699,000.
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
