Medical Office Building For
1701 Fountainview Drive Mansfield, TX 76063
For Sale
$2,700,000
Fully leased medical office building near upcoming city development.
Property Size5,422 SF
Price / SF$497.97
Days on Market96
Property Features for 1701 Fountainview Drive
General Information
- Standard status
- Active
- Size
- 5,422 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2025
Listing Agency:
Randall Garrett Real Estate
(817) 475-4644
Listed By:
Randall Garrett · License #0617369
(817) 475-4644
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 25 at 2:47PM
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.
This commercial property features a building of over 5000 square feet that is fully leased with medical tenants under young leases. The property is located approximately 1.5 miles from the future City Hall, which is planned to include a $1 billion walkable lake water feature development with surrounding shops, restaurants, and entertainment venues. The location is approximately one minute from a grocery store, coffee shops, and other retail and dining establishments. Highway 287 and State Highway 360 are in close proximity, providing access to Fort Worth and Dallas. The property is intended for commercial real estate use, specifically as a medical office space or general office space.
Key Highlights
- Fully leased, generating immediate income.
- Located 1.5 miles from a new $1 Billion mixed‑use development with a walkable lake, shops, restaurants, and entertainment near the future City Hall.
- Almost brand new building (built in 2025) with over 5000 sq ft.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $166.6k | $30.72 |
| − Vacancy | −$41.6k | −$7.68 |
| EGI | $124.9k | $23.04 |
| − OpEx | −$31.2k | −$5.76 |
| NOI | $93.7k | $17.28 |
5,422 SF · lease $30.72/SF/yr · vacancy 25.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.34M
$1.17M – $1.56M
NOI $93,692 @ 7.0% cap · market cap 3.47%
Second Best
Healthcare Medical
$1.33M
$1.16M – $1.55M
NOI $92,911 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,511 @ 7.0% cap · market cap 4.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
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
FAQs
What type of property is this?
Medical Office Space - Fully leased medical office building near upcoming city development.
Where is this medical office space located?
The property is located at 1701 Fountainview Drive 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: Fully leased, generating immediate income.; Located 1.5 miles from a new $1 Billion mixed‑use development with a walkable lake, shops, restaurants, and entertainment near the future City Hall.; Almost brand new building (built in 2025) with over 5000 sq ft.
