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    Fully Improved Flex Industrial Yard Title is generated by Realmo AI

    121 Pistol Road, Weatherford, TX 76085

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    Claim this Listing
    For Sale
    $1,325,000

    COMMERCIAL - Weatherford, TX

    Property size:
    17,000 SF
    Lot size:
    2.45 Acres
    Price / SF:
    $77/SF
    Added:
    May 19, 2026
    Days on Market:
    16
    Last Refresh:
    Jun 3 at 2:06 pm

    Property Features for 121 Pistol Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Garage, Open, Oversize
    Standard status
    Active
    APN
    R000106719
    Lot size
    2.45 Acres

    Taxes and HOA fees

    Tax Description
    ACRES: 9.950 LOT: 2 BLK: 1 SUBD: H D GREEN AD
    Tax Annual Amount
    9

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Electric
    Water source
    Well

    Building Details

    Year built
    2023
    Floors in Building
    1
    Number of units
    1
    Building materials
    MetalSiding
    Roof type
    Metal

    We can help!

    Listing Contact
    Charles Horton

    Listing agent Charles Horton License #0546099

    Listing office The Michael Group Real Estate Dallas, TX

    Listing date May 19, 2026

    MLS# 21242703

    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.

    HighLights

    • Lot A‑2R1 at 121 Pistol Rd in Weatherford: +/-2.452 acres within a 9.95‑acre commercial development off Veal Station Rd.
    • Fully improved industrial outdoor storage site with 17,000+ SF of improvements for automotive, contractor, or hybrid industrial use.
    • Includes +/-5,425 SF climate‑controlled showroom‑office‑restrooms and covered outdoor storage/display structures (+/-9,600 SF and +/-2,100 SF).
    • Covered storage features overhead doors; improvements include spray foam insulation and concrete slabs.
    • Fenced and gated yard for secure vehicle/equipment storage.
    • Year built 2023 with metal siding, electric heating and electric cooling; parking includes garage, open and oversize.

    Overview

    This offering features Lot A-2R1 as a fully improved flex industrial outdoor storage site designed for immediate use. The property includes approximately 17,000 square feet of improvements: a +/-5,425-square-foot climate-controlled showroom-office-restrooms area and multiple covered outdoor storage/display structures totaling +/-9,600 square feet and +/-2,100 square feet. The yard is supported by concrete slabs, overhead doors, spray foam insulation, and secure perimeter fencing and gates, providing a practical setup for vehicles, equipment, and service-related inventory.

    Located in unincorporated Parker County off Veal Station Rd, the site is presented with no zoning, no city entitlements, and minimal development restrictions. The result is operational flexibility for buyers seeking light industrial and service-oriented uses that can benefit from the area’s ongoing demand for small-bay industrial and yard space.

    The property is a strong fit for owner-users who want an IOS-ready yard with scalable covered storage and dedicated showroom-office functionality. It also presents an investor opportunity within the low-supply, high-demand light industrial and automotive/contractor storage segment. With build-to-suit capability available to tailor office, warehouse, service, or hybrid applications, this site can support both current functionality and future customization.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Weatherford
    County
    Parker
    State
    Texas
    Longitude
    -97.696
    Latitude
    32.8532

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    FAQs

    What type of property is this?
    Flex space - Fenced and gated outdoor storage plus climate-controlled showroom-office space for automotive, contractor, or service-focused operations.
    Where is this flex space located?
    The property is located at 121 Pistol Road Weatherford, TX.
    What is the asking price?
    The asking price for this property is $1,325,000.
    What are key features of this property?
    This property features: Lot A‑2R1 at 121 Pistol Rd in Weatherford: +/-2.452 acres within a 9.95‑acre commercial development off Veal Station Rd.; Fully improved industrial outdoor storage site with 17,000+ SF of improvements for automotive, contractor, or hybrid industrial use.; Includes +/-5,425 SF climate‑controlled showroom‑office‑restrooms and covered outdoor storage/display structures (+/-9,600 SF and +/-2,100 SF).
    (214) 692-6400
    We can help!
    Listing Contact
    Charles Horton
    Real Estate License ID: 0546099
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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.

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