Historic Two-Story Mixed-Use
For Sale
$1,450,000
101 College Avenue, Weatherford, TX 76086
CommercialSale, Weatherford, TX
Property Size8,802 SF
Lot Size0.06 Acres
Price / SF$164.74
Days on Market50
Property Features for 101 College Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Alley, Off Street, On Street
Subdivision
Weatherford Original Town
Lot features
Corner Lot
Directions
Fort Worth Hwy - Town Square parking
Standard status
Active
APN
30286
Size
8,802 SF
Lot size
0.06 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric
Water source
Public
Building Details
Year built
1883
Floors in Building
3
Number of units
1
Flooring type
Hardwood
Building materials
Frame, Rock, Stone
Roof type
Flat
Listing Agency:
Edge Real Estate, LLC
(817) 886-4305
Listed By:
Keith Davis · License #0838442
(940) 325-0014
Added: Jul 11
Changed: Aug 22
Last Checked: Aug 29 at 7:06PM
MLS# 21035839
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Constructed in 1883, this two-story mixed-use property contains 8,802 square feet on a 0.06-acre site at 101 College Avenue in Weatherford. The building combines historic character with adaptable floor plates, offering a second level suited to retail, office, studio, gallery, or mixed-use applications. Frame, rock, and stone construction, hardwood flooring, electric heating and cooling, and a flat roof define the existing improvements.
The property is positioned on Weatherford’s Downtown Square, with access to destination dining, boutiques, and community events. Parking options include alley, off-street, and on-street spaces. Public water and public sewer serve the property. The configuration may suit an owner-user or investor seeking a commercial building with multiple potential occupancy concepts.
The property is positioned on Weatherford’s Downtown Square, with access to destination dining, boutiques, and community events. Parking options include alley, off-street, and on-street spaces. Public water and public sewer serve the property. The configuration may suit an owner-user or investor seeking a commercial building with multiple potential occupancy concepts.
Key Highlights
- 8,802‑square‑foot mixed‑use building on 0.06 acres
- Two‑story property constructed in 1883
- Second level supports retail, office, studio, gallery, or mixed‑use applications
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$121,468
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.38%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,429,360
$2.4M
Cap Rate 7%
$1,735,257
$1.7M
Cap Rate 9%
$1,349,644
$1.3M
Market Conditions
NOI Build-Up for 8,802 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$211.2K $24.00/SF
− Vacancy
−$16.9K −$1.92/SF
EGI
$194.3K $22.08/SF
− OpEx
−$72.9K −$8.28/SF
NOI
$121.5K $13.80/SF
Area
Parker County, TX
Vacancy
8.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,429,360
Cap Rate 7%
$1,735,257
Cap Rate 9%
$1,349,644
Alternative Uses
Best Use
Retail
$2.02M
$1.77M – $2.36M
NOI $141,628 @ 7.0% cap · market cap 9.77%
Second Best
Mixed Use
$1.74M
$1.52M – $2.02M
NOI $121,468 @ 7.0% cap · market cap 8.38%
Theoretical Best
Industrial
$8.75M
$7.65M – $10.20M
NOI $612,234 @ 7.0% cap · market cap 42.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,272
Businesses Nearby
Explore this area
Business Placement
Demographics for 76086, TX
21,429
Population
9,689
Households
2.2
Avg Household Size
37
Median Age
22%
College-Educated
88%
High-School Grad
13.8 sq mi
ZIP Area
1,553
Density / Sq Mi
$61,415
Median Household Income
$38,347
Median Earnings
$1,389
Median Rent
$235,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible upper-level space supports retail, office, studio, gallery, or mixed-use configurations.
Where is this mixed-use property located?
The property is located at 101 College Avenue Weatherford, TX.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 8,802‑square‑foot mixed‑use building on 0.06 acres; Two‑story property constructed in 1883; Second level supports retail, office, studio, gallery, or mixed‑use applications
