Building Details

Tenancy Multi

Listing Agency: CLARK REAL ESTATE GROUP

Listed By: Justin Jones · License #0773694 Show Phone

Source: Exprealty

Added: Oct 23 Changed: Nov 3 Last Checked: Nov 3 at 2:48PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CLARK REAL ESTATE GROUP

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Investment Insights

Based on property information with market context.

The 23,720-square-foot flex property contains seven commercial spaces, including climate-controlled warehouse and office areas. Six spaces are leased under multi-year agreements. Building features include 14-foot overhead doors and three-phase electrical service, with concrete paving across the parking and drive areas. The tenant mix includes automotive, retail, fitness, and service businesses.

The property fronts Ric Williamson Memorial Highway and has access to Interstate 20. Its seven-space configuration combines existing tenancy with one currently unleased space.

Key Highlights

• 23,720‑square‑foot flex property with seven commercial spaces
• Six of seven spaces leased under multi‑year agreements
• Climate‑controlled warehouse and office areas

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$173,915

Cap Rate

3.34%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,478,300 $3.5M

Cap Rate 7%

$2,484,500 $2.5M

Cap Rate 9%

$1,932,389 $1.9M

Is this asking price fair?

Market Conditions

NOI Build-Up for 23,720 SF

Gross rent

$284.6K $12.00/SF

− Vacancy

−$17.1K −$0.72/SF

EGI

$267.6K $11.28/SF

− OpEx

−$93.6K −$3.95/SF

NOI

$173.9K $7.33/SF

Area

Parker County, TX

Vacancy

6.00%

Lease Rate

$12.00 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,478,300

Cap Rate 7%

$2,484,500

Cap Rate 9%

$1,932,389

Alternative Uses

Best Use

Industrial

$23.57M

$20.62M – $27.50M (±1% cap)

NOI $1,649,875 @ 7.0% cap · market cap 31.73%

Second Best

Flex RnD

$2.48M

$2.17M – $2.90M (±1% cap)

NOI $173,915 @ 7.0% cap · market cap 3.34%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply HVAC Service Big Box & Wholesale Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

215

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 76085, TX

12,249

Population

4,027

Households

3

Avg Household Size

41

Median Age

20%

College-Educated

84%

High-School Grad

65.3 sq mi

ZIP Area

188

Density / Sq Mi

$102,014

Median Household Income

$41,911

Median Earnings

$1,699

Median Rent

$357,900

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Seven commercial spaces include climate-controlled warehouse and office areas, with six currently leased.

Where is this flex space located?

The property is located at 1000 Industrial St Weatherford, TX.

What is the asking price?

The asking price for this property is $5,200,000.

What are key features of this property?

This property features: 23,720‑square‑foot flex property with seven commercial spaces; Six of seven spaces leased under multi‑year agreements; Climate‑controlled warehouse and office areas