Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3161 Broad St Mansfield, TX 76063-5688
    Back to Search
    Property profile & analytics

    3161 Broad St, Mansfield, TX 76063-5688

    View on Map
    • Drive through restaurants
    • 5,300 SF
    • 1.07 lot acres
    Off-Market
    Last Sale Jan 21, 2022
    Property ID
    US83-0971978
    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.
    Value Estimations
    $505,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Drive through restaurants

    Property Details for 3161 Broad St

    Year built
    2018
    Lot size
    1.07 lot acres
    Property type
    Drive through restaurants
    APN
    3619-1-5R
    APU
    361915R

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 21, 2022 — William Bill Dwight Newton Apitx 39 LLC Special Warranty Deed —

    Description

    This exceptional 2,686 square foot retail space presents a unique drive-thru opportunity in a high-traffic area of Mansfield, Texas. Situated at 3161 E Broad St, 76063, this single-tenant property boasts an enviable location, less than a quarter-mile from Mansfield High School (2,400 students), a growing hospital, and the Vernon Newsom Stadium (11,000+ seating capacity), ensuring consistent foot and vehicle traffic throughout the year. The property benefits from its proximity to a Kroger Marketplace and is an outparcel to Market Street, providing excellent visibility and accessibility. Strong demographics support this opportunity, with an average household income exceeding $143,222 within a 3-mile radius. This location is surrounded by established businesses, including Costa Vida, Raising Cane's, Chick-fil-A, and Bank of America, creating a vibrant and desirable commercial environment. The entire 2,686 square feet is currently vacant, offering a blank canvas for a discerning tenant to establish their business. This property is located in Tarrant County. This is a rare opportunity to secure a prime retail space with exceptional visibility and strong surrounding demographics.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $430,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $580,000
      Market price range: $288k - $747k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $560,000
      Current use
      OFFICE BUILDING
      $735,000
      Change: +32% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $725,000
      Change: +29% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Mansfield
    County
    Tarrant
    State
    Texas
    Longitude
    -97.0869
    Latitude
    32.5748
    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
    $43,884
    $743,344
    $1,156,656
    $1,900,000
    -
    $743,344
    $1,156,656
    $1,900,000

    Comparable in this City

    • Value Estimation by Request
      2,959 SF

      3600 Broad St

      DRIVE-THRU RESTAURANT, FAST FOOD
      3600 Broad St, Mansfield, TX 76063-5601
      View Details
    • Value Estimation by Request
      2,440 SF

      3040 Broad St

      DRIVE-THRU RESTAURANT, FAST FOOD
      3040 Broad St, Mansfield, TX 76063-6694
      View Details
    • Value Estimation by Request
      2,205 SF

      1014 Broad St

      DRIVE-THRU RESTAURANT, FAST FOOD
      1014 Broad St, Mansfield, TX 76063-1741
      View Details
    • Value Estimation by Request
      2,100 SF

      1225 Hwy 157th N

      DRIVE-THRU RESTAURANT, FAST FOOD
      1225 Hwy 157th N, Mansfield, TX 76063-1537
      View Details
    • Value Estimation by Request
      2,313 SF

      801 Hwy 287th N

      DRIVE-THRU RESTAURANT, FAST FOOD
      801 Hwy 287th N, Mansfield, TX 76063-2634
      View Details
    • Value Estimation by Request
      2,777 SF

      2002 Hwy 287th N

      DRIVE-THRU RESTAURANT, FAST FOOD
      2002 Hwy 287th N, Mansfield, TX 76063-4820
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,240 SF

      Golden Chick NNN Investment Opportunity

      NNN Golden Chick with new 20-year lease in Mansfield, TX.
      1400 Turner Warnell Rd, Mansfield, TX 76063
      View Details
    • Contact for pricing

      Prime Corner Lot for Development

      Corner lot suitable for retail, restaurant, or office development.
      801 Lillian Rd, Mansfield, TX 76063
      View Details
    • $747,000
      0.34 Acres

      Downtown Retail-Ready Office Space

      Versatile downtown office layout with abundant concrete parking, well-suited for customer-facing concepts with quick occupancy.
      400 E Broad St, Mansfield, TX 76063
      View Details
    • Contact for pricing
      1,104 SF

      Downtown Mansfield Commercial Space

      Versatile commercial space in a vibrant, walkable downtown district.
      400 E Broad St, Mansfield, TX 76063
      View Details
    • Contact for pricing

      Historic Downtown Retail/Office Opportunity

      Retail or office space in historic downtown Mansfield on Main.
      130 N Main St, Mansfield, TX 76063
      View Details
    • Contact for pricing

      Downtown Mansfield Commercial Opportunity

      Prime commercial property in historic downtown Mansfield, Texas.
      223 Depot St, Mansfield, TX 76063
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,080 SF

      Retail Space in Growing Area

      Class A retail space in a rapidly growing area.
      1551 Highway 287 N, Mansfield, TX 76063
      View Details
    • Contact for pricing

      Premier Retail Destination Opportunity

      Retail spaces available in upcoming Water Mill Square development.
      100 S Main St, Mansfield, TX 76063
      View Details
    • Contact for pricing

      Mansfield Retail Center Spaces Available

      Retail and service spaces available in a dynamic Mansfield center.
      717 N Holland Rd, Mansfield, TX 76063
      View Details
    • Contact for pricing
      137,863 SF

      Retail Space Available For Rent

      Retail space available for lease in Mansfield, Texas.
      3300 E Broad St, Mansfield, TX 76063
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in Mansfield, TX

      Versatile retail space with ample parking and excellent visibility.
      1831 E Broad St, Mansfield, TX 76063
      View Details
    • Contact for pricing

      Super Target Anchored Retail Center

      Retail space for lease in Super Target anchored shopping center.
      Swq Us 287 & Debbie Ln, Mansfield, TX 76063
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3161 Broad St
    Mansfield, TX 76063-5688
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3161 Broad St, Mansfield, TX, 76063
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!