120 Miller Rd Mansfield, TX 76063-9102
Property profile & analytics
120 Miller Rd Mansfield, TX 76063-9102
- Medical Office Space
- 9,556 SF
- 1.12 lot acres
Property ID
US83-0647656
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Medical Office Space
Property Details for 120 Miller Rd
- Year built
- 2011
- Lot size
- 1.12 lot acres
- Property size
- 9,556 SF
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 47421M-1-1
- APU
- 47421M11
Description
This exceptional 9,854 square foot medical office building in Mansfield, Texas, presents a compelling investment opportunity. Built in 2011, the property boasts a 100% occupancy rate with medical tenants serving the local and regional markets. Situated on a 1.12-acre lot, the building enjoys excellent accessibility to major roadways including Heritage Parkway, Highway 287, and Texas 360 Toll. Its strategic location near Mansfield Methodist Hospital (with $1.286B in total patient revenue) further enhances its value. The property is zoned Planned Development and offers a stabilized income stream, making it ideal for both investors and owner-occupants. A 4,723 square foot space will become available in 2026, presenting an owner-user with the potential to utilize existing income to cover debt service and benefit from tax savings through depreciation. The surrounding area exhibits strong demographics, with a median home value of $347,536 and an average household income of $147,134. This property offers a rare combination of prime location, strong tenant occupancy, and significant future potential. The asking price is $3,999,000, translating to $405.83 per square foot.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $575,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $708,000
Market price range: $482k - $826k -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $660,000 Current use
- RESTAURANT
- $1,005,000 Change: +52% Conversion: Difficult
- RETAIL STORES
- $715,000 Change: +8% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $655,000 Change: -1% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Mansfield
- County
- Tarrant
- State
- Texas
- Longitude
- -97.0892
- Latitude
- 32.564
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$46,263
$170,908
$2,284,984
$2,455,892
-
$170,908
$2,284,984
$2,455,892
