Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    971 Matlock Rd Mansfield, TX

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $24 SF/Yr

    2833 square feet of office space for lease.

    Type:OFFICE
    Property size:
    2,833 SF
    Lot size:
    2.32 Acres
    Added:
    Sep 25, 2025
    Days on Market:
    189
    Last Refresh:
    Mar 29 at 8:37 pm

    Property Features for 971 Matlock Rd

    General Information

    Standard status
    Active
    Size
    2,833 SF
    Lot size
    2.32 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 971 Matlock Rd Contact us

    We can help!

    Listing Contact
    Jordan Foster
    Jordan Foster

    Listing agent Jordan Foster

    Listing office Peyco Southwest Realty

    Listing date Sep 25, 2025

    Source Moodyscre

    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 Peyco Southwest Realty

    Overview

    Office Space in Mansfield, TX

    This property offers 2833 square feet of office space and is located on Matlock Rd in Mansfield, TX.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mansfield
    County
    Tarrant
    State
    Texas
    Longitude
    -97.103
    Latitude
    32.5785

    Nearby Similar for Lease

    • $21/mo

      Medical/Professional Office Suite For Rent

      Move-in ready office suite perfect for medical or professional use.
      1802 Mansfield Webb Road, Mansfield, TX 76063
      View Details
    • Contact for pricing

      Versatile Office Warehouse in Mansfield

      15,000 SF office warehouse with secure gated parking.
      801 S 4th Avenue, Mansfield, TX 76063
      View Details
    • Contact for pricing

      Retail Space Near Downtown Mansfield

      Retail suite in high-traffic area near downtown Mansfield, Texas.
      801 N Main Street, Mansfield, TX 76063
      View Details
    • $19/mo

      Office Space with Highway Frontage

      Office space with excellent visibility on US Highway 287.
      747 Highway 287, Mansfield, TX 76063
      View Details
    • $30/mo

      Modern Office Space in Mansfield

      New office building near upcoming Mansfield City Hall development.
      120 N Mitchell Road, Mansfield, TX 76063
      View Details
    • Contact for pricing

      Functional Office Space in Mansfield

      Versatile 2,483 sq ft office space for rent.
      1380 N US Hwy 287, Mansfield, TX 76063
      View Details
    • $30/mo

      APMitchell Building

      5200 SF office space near HEB and Highway 287.
      120 N Mitchell Rd, Mansfield, TX 76063
      View Details
    • Contact for pricing

      Updated Commercial Property on Corner Lot

      Updated commercial property with office and warehouse space for rent.
      6720 Dick Price Road, Mansfield, TX 76063
      View Details
    • Contact for pricing

      Retail Space Near Downtown Mansfield

      Retail suite in a high-traffic area near downtown Mansfield.
      801 N Main St Ste 109, Mansfield, TX, 76063-4256
      View Details
    • $24/mo

      Retail Space with Modern Amenities

      Retail space featuring modern amenities and a professional environment.
      2840 N Hwy 157, Mansfield, TX
      View Details
    • $10/mo

      Mansfield Warehouse with Office Space

      Warehouse with office space available for lease in Mansfield, TX.
      511 5th Ave, Mansfield, TX
      View Details
    • $10/mo

      Office Space Available for Rent

      Office space available for lease in Mansfield, TX.
      1275 N Main St, Mansfield, TX
      View Details

    FAQs

    What type of property is this?
    Office units - 2833 square feet of office space for lease.
    Where is this office units located?
    The property is located at 971 Matlock Rd Mansfield, TX.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: 2833 square feet of office space
    (409) 658-2416
    We can help!
    Listing Contact
    Jordan Foster
    Jordan Foster
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!