Medical Office Condo For
For Sale
Contact for pricing
1900 Matlock Rd, Mansfield, TX 76063
Upscale medical office condo with great visibility, built in 2018.
Property Size2,506 SF
Price / SF$359.14
Days on Market149
Property Features for 1900 Matlock Rd
General Information
Standard status
Active
Size
2,506 SF
Class
B
Property subtype
Office
Zoning
f1
Investment Type
Owner/User
Building Details
Year Built
2018
Stories
1
Tenancy
Single
Listing Agency:
Lion's Gate Medical
(972) 707-1171
Listed By:
Sanober Syed · License #TX
Source:
Crexi
Added: Mar 17
Changed: Aug 7
Last Checked: Aug 12 at 5:04AM
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
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 = 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
$43,304
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
4.81%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
528
Businesses Nearby
Balanced
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
- 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).
