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    Property profile & analytics

    130 N Main St Mansfield, TX 76051

    • Office buildings
    • 3,250 SF
    • 0.06 lot acres
    For Sale
    View listing
    $795,000
    Last Sale
    Jun 03, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4645800
    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.

    Current Use by Public Records

    • Office buildings

    Property Details for 130 N Main St

    Year built
    1900
    Lot size
    0.06 lot acres
    Property size
    3,250 SF
    Property type
    Office buildings
    APN
    24750-1-2R2
    APU
    2475012R2

    Description

    This exceptional 3,250 square foot, two-story commercial property located at 130 N Main Street in Mansfield, Texas presents a rare investment opportunity. Situated on a 0.06-acre lot in the heart of Historic Downtown Mansfield, this building benefits from its position in a high-traffic corridor with over ten thousand vehicles passing daily. Its prime location ensures exceptional street visibility and walkability, making it ideal for a variety of businesses. Currently configured for commercial use on the first floor, the space will be vacant upon sale, offering a blank canvas for the new owner to customize to their specific needs. The second floor provides additional flexibility, suitable for office space, meeting areas, or expansion of the ground floor business. A flat roof area in the rear offers further potential for various uses. The building features a metal facade, but retains the original second-story brick and window frames, presenting a unique opportunity for historic preservation or restoration. The property is priced at $1,300,000. Prospective buyers are responsible for verifying zoning, utilities, and all applicable city requirements. This is a truly unique chance to acquire a piece of Mansfield's history in a thriving commercial district.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $300,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $316,000
      Market price range: $200k - $654k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mansfield
    County
    Tarrant
    State
    Texas
    Longitude
    -97.1416
    Latitude
    32.5645
    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
    $6,526
    $7,500
    $443,438
    $450,938
    -
    $7,500
    $443,438
    $450,938

    Comparable in this City

    • Value Estimation
      $825,000
      29,958 SF

      2384 Hwy 287th N

      OFFICE BUILDING • 29,958 SF
      2384 Hwy 287th N, Mansfield, TX 76063-9209
      View Details
    • Value Estimation
      $410,000
      7,632 SF

      1748 Broad St

      OFFICE BUILDING • 7,632 SF
      1748 Broad St, Mansfield, TX 76063-9169
      View Details
    • Value Estimation
      $405,000
      6,210 SF

      1045 Matlock Rd

      OFFICE BUILDING • 6,210 SF
      1045 Matlock Rd, Mansfield, TX 76063-6878
      View Details
    • Value Estimation
      $450,000
      7,970 SF

      1600 Hwy 287th N

      OFFICE BUILDING • 7,970 SF
      1600 Hwy 287th N, Mansfield, TX 76063-8853
      View Details
    • Value Estimation
      $240,000
      0.53 Acres

      120 Mitchell Rd

      OFFICE BUILDING • 0.53 Acres
      120 Mitchell Rd, Mansfield, TX 76063-5407
      View Details
    • Value Estimation
      $295,000
      0.93 Acres

      220 Mitchell Rd

      OFFICE BUILDING • 0.93 Acres
      220 Mitchell Rd, Mansfield, TX 76063-3450
      View Details

    Similar Nearby for Sale

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      Mansfield Office/Medical Building on Highway

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      Downtown Mansfield Office Building For Sale

      High-quality commercial space in a sought-after Mansfield location.
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    • $575,000
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      Creekside Plaza Land Opportunity

      Land in Mansfield Hospital District, suitable for medical or professional office.
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      Mansfield Office Building - Prime Location

      Downtown Mansfield Office, Two Units, 5332 sq ft
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      View Details
    • $3,500,000
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      Downtown Mansfield Office Complex

      Prime 1.72-acre development opportunity
      306 Main St, Mansfield, TX 76063
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    Similar Nearby for Lease

    • $1.00 SF/Yr
      2,000 SF

      Mansfield Shopping Center Space Available

      2,000 sq ft Retail/Office Space in Mansfield, TX
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    • $26 SF/Yr
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      Mansfield Retail Center Investment

      Prime Retail Space, High Traffic Area
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      View Details
    • Contact for pricing
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      Holland Plaza: Mansfield Office Space

      Prime Mansfield Office, Retail & Restaurant
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      Modern Office Space in Mansfield

      New office building near upcoming Mansfield City Hall development.
      120 N Mitchell Rd, Mansfield, TX 76063
      View Details
    • Contact for pricing
      4,378 SF

      Professional Office Space For Rent

      Well-maintained office space with easy highway access in Mansfield, TX.
      2400 Highway 287, Mansfield, TX 76063
      View Details
    • $18 SF/Yr
      2,800 SF

      Finished Office Space For Lease

      Office space in Enclave Office Park, easy Highway 287 access.
      201-217 E Debbie Ln, Mansfield, TX 76063
      View Details
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    130 N Main St
    Mansfield, TX 76051
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    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
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