Medical Office Condo For
1900 Matlock Rd, Mansfield, TX 76063
For Sale
Contact for pricing
Upscale medical office condo with great visibility, built in 2018.
Property Size2,506 SF
Price / SF$359.14
Days on Market242
Property Features for 1900 Matlock Rd
General Information
Standard status
Size
Class
Property subtype
Zoning
Investment Type
Building Details
Year Built
Stories
Tenancy
Listing Agency:
Lion's Gate Medical
Listed By:
Sanober Syed
(972) 707-1171
Source:
Crexi
Added: Mar 17
Changed: Nov 3
Last Checked: Nov 12 at 7:07AM
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 Lion's Gate Medical
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This upscale medical office condo, constructed in 2018, is available for sale. The property offers excellent visibility on Matlock Road. The layout includes multiple exam rooms and offices. Monument and building signage is available. The property is located close to multiple retail centers and homes.
Key Highlights
- Upscale medical office condo with excellent layout.
- Great visibility on Matlock Road.
- Built in 2018 (modern construction).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,304
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$866,080
$866.1K
Cap Rate 7%
$618,629
$618.6K
Cap Rate 9%
$481,156
$481.2K
Market Conditions
NOI Build-Up for 2,506 SF
Gross rent
$77.0K $30.72/SF
− Vacancy
−$19.2K −$7.68/SF
EGI
$57.7K $23.04/SF
− OpEx
−$14.4K −$5.76/SF
NOI
$43.3K $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%
$866,080
Cap Rate 7%
$618,629
Cap Rate 9%
$481,156
Alternative Uses
Best Use
Office B
$618.6K
$541.3K – $721.7K
NOI $43,304 @ 7.0% cap · market cap 4.81%
Second Best
Healthcare Medical
$613.5K
$536.8K – $715.7K
NOI $42,943 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$881.5K
$771.4K – $1.03M
NOI $61,708 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
Under-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
$378,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Medical Office Space in Tarrant County, TX
Properties on Market for Medical Office Space in Tarrant County
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Country Club Pet Hospital — 2250 Matlock Rd, Mansfield, TX 76063
Frequently Asked Questions
What type of property is this?
Medical Office Space - Upscale medical office condo with great visibility, built in 2018.
Where is this medical office space located?
The property is located at 1900 Matlock Rd Mansfield, TX.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Upscale medical office condo with excellent layout.; Great visibility on Matlock Road.; Built in 2018 (modern construction).
