Historic Two-Story Mixed-Use
New
For Sale
$1,450,000
101 College Avenue, Weatherford, TX 76086
Commercially zoned property with flexible upper-level space near downtown dining, boutiques, and community events.
Property Size8,802 SF
Price / SF$164.74
Days on Market5
Property Features for 101 College Avenue
General Information
Standard status
Active
Size
8,802 SF
Property subtype
Commercial
Zoning
Commercial
Building Details
Building Size
8,802 SF
Year Built
1883
Buildings
1
Stories
3
Units
1
Listing Agency:
Edge Real Estate, LLC
(817) 597-9611
Listed By:
Keith Davis · License #0838442
(817) 597-9611
Source:
Cuddrealtyinc
Added: Aug 25
Changed: Aug 28
Last Checked: Aug 28 at 7:15PM
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 Edge Real Estate, LLC
Investment Insights
Based on property information with market context.
Built in 1883, this two-story mixed-use property contains 8,802 square feet and is zoned Commercial. The building retains historic character while offering floor plates that can be reconfigured or restored. The second level adds flexibility for retail, office, studio, gallery, or potential mixed-use applications, subject to verification of permitted uses.
Located on the Downtown Square in Weatherford, the property is positioned near destination dining, boutiques, and community events. Its setting provides walkable access to the surrounding downtown environment and places the building within an area identified for ongoing investment. The property may suit an owner-user or investor seeking a commercial building with upper-level space and historic appeal.
Located on the Downtown Square in Weatherford, the property is positioned near destination dining, boutiques, and community events. Its setting provides walkable access to the surrounding downtown environment and places the building within an area identified for ongoing investment. The property may suit an owner-user or investor seeking a commercial building with upper-level space and historic appeal.
Key Highlights
- 8,802‑square‑foot mixed‑use property built in 1883
- Two‑story building with flexible upper‑level space
- Commercial zoning
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercially zoned property with flexible upper-level space near downtown dining, boutiques, and community events.
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 property built in 1883; Two‑story building with flexible upper‑level space; Commercial zoning
