120 Miller Rd Mansfield, TX 76063-9102
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.