For Sale
$3,999,000

120 Miller RdMansfield, TX 76063

Prime Medical Office, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
125
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.

Highlights

  • Owner-occupant opportunity: 4,723 SF vacant space available in 2026 allows for in-place income to offset debt service.
  • Tax advantages available to owner-users through depreciation.
  • Excellent medical location near Mansfield Methodist Hospital, Clear Rehabilitation Hospital, and Texas Health Recovery & Wellness Center.
  • Strong demographics: Median home value $347,536, average household income $147,134.

Property Details for 120 Miller Rd

Property type
Office properties, Medical offices
Square Feet
9,854 SF
Year Built
2011
Lot Size (sq. ft)
48,787 SF

Location Insight

City
Mansfield
County
Tarrant
State
Texas
Latitude
32.563563602345
Longitude
-97.089676621893
120 Miller Rd, Mansfield, Texas

FAQs

What type of property is this?
Office property - Prime Medical Office, 100% Occupied
Where is the office property located?
The property is located at 120 Miller Rd Mansfield, TX.
What is the asking price?
The asking price for this property is $3,999,000.
What are key features of this property?
This property features: Owner-occupant opportunity: 4,723 SF vacant space available in 2026 allows for in-place income to offset debt service.; Tax advantages available to owner-users through depreciation.; Excellent medical location near Mansfield Methodist Hospital, Clear Rehabilitation Hospital, and Texas Health Recovery & Wellness Center.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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120 Miller Rd
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