Property profile

120 Miller Rd Mansfield, TX 76063

OFF-MARKET
Medical Office Space
Property ID
US83-0647656
9,556 SF 1.12 ac lot Built 2011
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2011
Total area 9,556 SF
Lot 1.12 ac (48,831 SF)
APN 47421M-1-1
UPID US83-0647656

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

120 Miller Rd Mansfield, TX 76063-9102
Mansfield metro Census 111319 DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$575k
CAP Approach CAP
by Request
Comparable Approach Comparable
$709k
Blend (final) Blend
$640k

Owner & transaction history

since 2025
2 recorded transactions
2025
Price N/A
2023
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $1.0M +52.1%
Retail stores $715,000 +8.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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