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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    17516 Matany Rd Justin, TX 76247

    • Medical offices
    • 6,000 SF
    For Lease
    View listing
    $20 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-2048474
    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

    • Therapedia,LLC - Justin Center / Pediatric Clinic / Occupational Therapist

    Property Details for 17516 Matany Rd

    Year built
    2022
    Property size
    6,000 SF
    Property type
    Medical offices

    Description

    This exceptional 6,000-square-foot Class A office building, constructed in 2022, presents a unique opportunity in the thriving Justin, Texas market. Located at 17516 Matany Rd, 76247, this multi-tenant property offers flexible space options ranging from 1,500 to 6,000 square feet, currently entirely vacant. The building boasts impressive 16-foot ceilings, providing a spacious and modern feel. Its versatile design caters to a variety of office needs, making it ideal for executive suites, medical practices, or traditional office setups. The property's strategic location offers unparalleled convenience, with easy access to major transportation arteries including Highway 156, TX-114, and I-35W. Benefit from proximity to popular destinations such as the Tanger Outlets (less than 3 miles) and the Texas Motor Speedway (approximately 4 miles west). This is a rare chance to secure a brand-new, high-quality office space in a rapidly growing area. The entire building is available for lease, offering significant potential for a single tenant or the opportunity to create a thriving multi-tenant environment. Contact us today to learn more about this exceptional property and schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Justin
    County
    Denton
    State
    Texas
    Longitude
    -97.3079299
    Latitude
    33.0396062

    Comparable in this City

    • $33 SF/Yr
      8,015 SF

      Justin Town Square Office Space

      Prime Denton County Office Suites Available
      0 Fm 156, Ponder, TX 76247
      View Details
    • $25 SF/Yr
      4,900 SF

      Justin Retail Space - New Development

      4,900 SF Retail Shell Space Available
      0 Fm 407, Justin, TX 76247
      View Details
    • $11 SF/Yr
      6,000 SF

      FM 156 Justin Office/Industrial Space

      Modern 6,000 SF Office/Industrial in Denton County
      11180 Fm 156, Justin, TX 76247
      View Details
    • $10 SF/Yr
      1,050 SF

      Industrial Flex Space For Lease

      Industrial flex space with overhead doors, easy highway access.
      15137 S County Line Rd, Justin, TX 76247
      View Details
    • $6,000 /Mo
      101,800 SF

      Cleared Lot For Lease

      Fenced and gated 2.33-acre lot with gravel base available for lease.
      17539 Matany Rd, Justin, TX 76247
      View Details
    • $10 SF/Yr
      1,050 SF

      Industrial Flex Space For Lease

      Industrial flex space for lease with dock access available.
      15133 S County Line Rd, Justin, TX 76247
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9.00 Acres

      Prime Justin Shopping Center Land

      9-acre retail land, high traffic counts.
      156 & Martin Rnch Rd, Justin, TX 76247
      View Details
    • $270,000
      2.90 Acres

      Land Parcel in Dish, Texas

      2.9 acre land parcel in Dish, Texas for sale.
      1 Eakin Cemetery Rd, Justin, TX 76247
      View Details
    • $2,118,000
      11.44 Acres

      Commercial Land in Dish, Texas

      11.44 acres of commercial and industrial land for sale.
      2400 Block Strader Rd, Justin, TX 76247
      View Details
    • $450,000

      Commercial Lot in Alliance Corridor

      Commercial lot in high-growth area with minimal zoning restrictions.
      8780 Fm-156, Justin, TX 76247
      View Details
    • $3,500,000
      7.02 Acres

      7.024 Acres Unimproved Land

      7.024 acres of flat land outside city limits.
      8602 156 Fm, Justin, TX 76247
      View Details
    • $140,000
      1.00 Acre

      Land in Green Prairie Estates

      Unimproved land to build your dream home in Dish, TX.
      9453 Bluestem Ln, Justin, TX 76247
      View Details

    Similar Nearby for Lease

    • $33 SF/Yr
      8,015 SF

      Justin Town Square Office Space

      Prime Denton County Office Suites Available
      0 Fm 156, Ponder, TX 76247
      View Details
    • $25 SF/Yr
      4,900 SF

      Justin Retail Space - New Development

      4,900 SF Retail Shell Space Available
      0 Fm 407, Justin, TX 76247
      View Details
    • $11 SF/Yr
      6,000 SF

      FM 156 Justin Office/Industrial Space

      Modern 6,000 SF Office/Industrial in Denton County
      11180 Fm 156, Justin, TX 76247
      View Details
    • Contact for pricing
      1,004,400 SF

      Class A Distribution Facility

      State-of-the-art distribution facility in Fort Worth.
      13410 Highway 114, Justin, TX 76247
      View Details
    • $6,000 /Mo
      101,800 SF

      Cleared Lot For Lease

      Fenced and gated 2.33-acre lot with gravel base available for lease.
      17539 Matany Rd, Justin, TX 76247
      View Details
    • $10 SF/Yr
      1,050 SF

      Industrial Flex Space For Lease

      Industrial flex space for lease with dock access available.
      15133 S County Line Rd, Justin, TX 76247
      View Details
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    Justin, TX 76247
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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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