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    The Largest CRE Database in the US with Over 1 Million Listings

    3220 Mineral Wells Hwy Weatherford, TX 76088

    Sponsored
    For Sale
    $1,645,000

    Business - Weatherford, TX

    Type:Business
    Property size:
    6,413 SF
    Lot size:
    15.92 Acres
    Days on Market:
    8
    Last Refresh:
    Feb 7 at 5:06 am

    Property Features for 3220 Mineral Wells Hwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    APN
    R000129727
    Size
    6,413 SF
    Lot size
    15.92 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    2010
    Flooring type
    Concrete
    Building materials
    Concrete, Frame, Stone
    Roof type
    Composition, Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Phillip Sanders

    The Platinum Group Real Estate (817) 629-9457

    Listing agent Phillip Sanders (817) 629-9457 License #0744970

    Listing date Jan 31, 2026

    MLS# 20913348 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Weatherford Event Venue and Land

    Located on US Highway 180, this 15.92-acre property with over 1,100 feet of highway frontage has served Parker County as an event center, conference center, and wedding venue. The property includes three buildings, a historic log cabin, wooded acreage, trails, and garden areas. The two-story main building has 3,264 square feet of space, two restrooms, dressing rooms, and a bar and kitchen area. The upstairs event space accommodates 50 guests within its 600 square feet, while the main floor provides over 2,600 square feet and seating for 120 guests. The second building, a 2,007-square-foot pavilion, is suitable for smaller gatherings, featuring two restrooms, a kitchen, and seating for 125 indoors and 250 outdoors. An office at the property's entrance offers 1,200 square feet of space and a full bath. A historic settler’s log cabin beside the main venue presents potential as a short-term rental with minimal renovation. The property also features mature trees, gardens, scenic trails, a small lake, a private water well, and three septic systems. Behind the main event building is a lighted outdoor entertainment area with a stage, dance floor, and covered seating. The property offers potential for future development, such as an RV park or industrial park, or it can continue as an event center. It is located 4 miles from historic downtown Weatherford, Texas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Black Ranch Events, ... Hotel & Motel

    Suggested Use

    Real Estate Agency Building Supply Auto Repair Shop Hotel & Motel Auto Parts Store Department Store Kitchen & Bath Showroom Food Market HVAC Service Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Weatherford
    County
    Parker
    State
    Texas
    Longitude
    -97.857975
    Latitude
    32.76738

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    FAQs

    What type of property is this?
    Wedding venue - Premier event venue and development opportunity on 15.92 acres.
    Where is this wedding venue located?
    The property is located at 3220 Mineral Wells Hwy Weatherford, TX.
    What is the asking price?
    The asking price for this property is $1,645,000.
    What are key features of this property?
    This property features: - 15.92 acres with over 1,100 feet of frontage on US Highway 180.; - Established event venue featuring a main building (3264 sqf), pavilion (2007 sqf), and office (1200 sqf).; - Development potential for RV park or industrial park.
    (817) 629-9457
    Request Owner's contact information
    3220 Mineral Wells Hwy Weatherford, TX 76088
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    Weatherford, TX 76088
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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.

    More about this property
    3220 Mineral Wells Hwy Weatherford, TX 76088
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    We can help!
    Listing Contact
    Phillip Sanders
    Real Estate License ID: 0744970
    (817) 629-9457
    Learn more
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