350 Matlock RdMansfield, TX 76063

Property Details for 350 Matlock Rd

Year built

2022

Lot size

1.00 AC

Property size (Sq ft)

14,432 SF

Property type

Medical offices

Property subtype

Medical centers

APN

-3626M---1----1BR210

APU

3626M11BR210

Description

Matlock Crossing, a brand-new retail development in Mansfield, Texas, offers exceptional opportunities for businesses seeking prime commercial space. Completed in the first quarter of 2023, this property features two buildings totaling 18,906 square feet. Currently, 4,020 square feet of retail space is available, divisible into units ranging from 1,985 to 2,035 contiguous square feet. The property boasts a highly desirable location on Matlock Road, providing unparalleled visibility and accessibility. Its strategic placement adjacent to Mansfield Methodist Hospital and less than a mile from the future HEB grocery store ensures high traffic volume and significant customer exposure. The modern architecture and ample parking further enhance the property's appeal. The development is also conveniently located near Mansfield High School and other established national retailers, creating a vibrant and thriving commercial environment. This is an ideal location for businesses seeking a strong presence in a rapidly growing area of Mansfield, Texas. The property's recent construction and modern design offer a turnkey solution for businesses looking to establish or expand their operations in a prime commercial location. The available space is perfect for a variety of retail uses, offering a unique opportunity to capitalize on the high foot traffic and strong demographics of the area. The zip code is 76063.

• CAP approach

  CAP return

  Valuation

  6%

  $2,694,210

  6.5%

  $2,486,963

  7%

  $2,309,322

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,781,285

  Geo Method

  $4,320,796

• Alternative Use

  Use

  Valuation

  Residential

  $3,083,834

  Hospitality

  $2,824,775

  Educational

  $2,350,180

  Medical

  $2,431,006

  Retail

  $3,655,835

Location Insight

City

Mansfield

County

Tarrant

State

Texas

Latitude

32.57

Longitude

-97.0972

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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