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

    1770 Broad St Mansfield, TX 76063-9146

    • Medical offices
    • 4,489 SF
    • 0.63 lot acres
    OFF-MARKET
    Last Sale
    Dec 19, 2024
    Value Estimations
    $335,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3467528
    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

    • Medical offices

    Property Details for 1770 Broad St

    Year built
    2006
    Lot size
    0.63 lot acres
    Property size
    4,489 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    3624-1-3
    APU
    362413

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $355,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $317,000
      Market price range: $227k - $388k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $310,000
      Current use
      RETAIL STORES
      $335,000
      Change: +8% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $310,000
      Change: -1% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Mansfield
    County
    Tarrant
    State
    Texas
    Longitude
    -97.1112
    Latitude
    32.5697
    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
    $21,249
    $108,928
    $990,877
    $1,099,805
    -
    $108,928
    $990,877
    $1,099,805

    Comparable in this City

    • Value Estimation
      $340,000
      3,952 SF

      1758 Broad Park S Cir

      MEDICAL BUILDING • 3,952 SF
      1758 Broad Park S Cir, Mansfield, TX 76063-7822
      View Details
    • Value Estimation
      $325,000
      4,322 SF

      1821 Cannon Dr

      MEDICAL BUILDING • 4,322 SF
      1821 Cannon Dr, Mansfield, TX 76063-3482
      View Details
    • Value Estimation
      $325,000
      4,530 SF

      100 Carlin Rd

      MEDICAL BUILDING • 4,530 SF
      100 Carlin Rd, Mansfield, TX 76063-3454
      View Details
    • Value Estimation
      $390,000
      6,875 SF

      2310 Hwy 157th N

      MEDICAL BUILDING • 6,875 SF
      2310 Hwy 157th N, Mansfield, TX 76063-8844
      View Details
    • Value Estimation
      $520,000
      10,845 SF

      1788 Hwy 287th N

      MEDICAL BUILDING • 10,845 SF
      1788 Hwy 287th N, Mansfield, TX 76063
      View Details
    • Value Estimation
      $355,000
      5,901 SF

      1220 Hwy 287th N

      MEDICAL BUILDING • 5,901 SF
      1220 Hwy 287th N, Mansfield, TX 76063-4804
      View Details

    Similar Nearby for Sale

    • $1,700,000
      0.50 Acres

      Downtown Mansfield Office Building For Sale

      High-quality commercial space in a sought-after Mansfield location.
      210 S Walnut Creek Dr, Mansfield, TX 76063
      View Details
    • $1,200,000
      0.61 Acres

      Mansfield Office/Medical Building on Highway

      Office/medical building with highway frontage and potential lease opportunity.
      747 Highway 287, Mansfield, TX 76063
      View Details
    • $575,000
      0.61 Acres

      Creekside Plaza Land Opportunity

      Land in Mansfield Hospital District, suitable for medical or professional office.
      1031 Matlock Rd, Mansfield, TX 76063
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    • $4,575,000
      16,380 SF

      New Class A Office Building

      Class A office building built in 2020 with highway frontage.
      717-733 Highway 287 N, Mansfield, TX 76063
      View Details
    • $3,500,000
      1.72 Acres

      Downtown Mansfield Office Complex

      Prime 1.72-acre development opportunity
      306 Main St, Mansfield, TX 76063
      View Details
    • $500,000
      0.37 Acres

      Versatile Property Near Water Mill Square

      Flexible property near downtown Mansfield with multiple potential uses.
      205 W Broad St, Mansfield, TX 76063
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      19,465 SF

      Medical Facility with Highway Frontage

      Equipped medical facility with exam rooms, beds, and hyperbaric chambers.
      1710 Highway 287 N, Mansfield, TX 76063
      View Details
    • $1.00 SF/Yr
      2,000 SF

      Mansfield Shopping Center Space Available

      2,000 sq ft Retail/Office Space in Mansfield, TX
      26 Debbie Ln, Mansfield, TX 76063
      View Details
    • Contact for pricing
      14,265 SF

      Holland Plaza: Mansfield Office Space

      Prime Mansfield Office, Retail & Restaurant
      717 Holland Rd, Mansfield, TX 76063
      View Details
    • Contact for pricing
      11,126 SF

      Mansfield Office Park Investment

      Flex, Medical & Office Space Available
      2401 Callender Rd, Mansfield, TX 76063
      View Details
    • Contact for pricing
      39,694 SF

      Mansfield Office Space For Lease

      Office space available for lease in Mansfield, Texas.
      1802 Highway 157 N, Mansfield, TX 76063
      View Details
    • $20 SF/Yr
      5,180 SF

      Mansfield Medical District Office Space

      5,180 SF office space in Mansfield Medical District.
      201 Regency Pkwy, Mansfield, TX 76063
      View Details
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    Mansfield, TX 76063-9146
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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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