Two-Story Mixed-Use
For Sale
$1,375,000
101 College Avenue, Weatherford, TX 76086
Historic downtown building with upper-level space suited to a range of commercial configurations.
Property Size8,802 SF
Price / SF$156.21
Days on Market47
Property Features for 101 College Avenue
General Information
Standard status
Active
Size
8,802 SF
Building Details
Year Built
1883
Buildings
1
Stories
2
Listing Agency:
Edge Real Estate, LLC
(817) 886-4305
Listed By:
Keith Davis · License #0838442
(817) 597-9611
Source:
Prodeorealty
Added: Sep 21
Changed: Nov 1
Last Checked: Nov 4 at 1:27PM
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
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Investment Insights
Based on property information with market context.
Constructed in 1883, this two-story mixed-use property contains approximately 8,802 square feet and combines period character with adaptable commercial space. The upper floor provides additional area that may accommodate retail, office, studio, gallery, or mixed-use concepts, subject to verification of permitted uses. The interior layout offers flexible floor plates for reconfiguration or restoration while retaining original architectural character.
Positioned on the Downtown Square, the property benefits from a walkable setting near destination dining, boutiques, and community events. Its prominent downtown placement supports visibility and access to an active civic and commercial district. The property may suit an owner-user or investor seeking a building with multiple levels and a long-standing presence in the community.
Positioned on the Downtown Square, the property benefits from a walkable setting near destination dining, boutiques, and community events. Its prominent downtown placement supports visibility and access to an active civic and commercial district. The property may suit an owner-user or investor seeking a building with multiple levels and a long-standing presence in the community.
Key Highlights
- 8,802‑square‑foot mixed‑use property
- Two‑story commercial building constructed in 1883
- Upper level supports retail, office, studio, gallery, or mixed‑use concepts, subject to permitted‑use verification
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$121,468
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
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
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 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 10.30%
Second Best
Mixed Use
$1.74M
$1.52M – $2.02M
NOI $121,468 @ 7.0% cap · market cap 8.83%
Theoretical Best
Industrial
$8.75M
$7.65M – $10.20M
NOI $612,234 @ 7.0% cap · market cap 44.53%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,272
Businesses Nearby
94k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 43%
Shops & Services 32%
Home Improvements & Furnishings 21%
Dining 5%
Albertsons
Groceries
40,668 visits/mo
0.1 miles
Gibsons
Home Improvements & Furnishings
17,525 visits/mo
0.4 miles
O'Reilly Auto Parts
Shops & Services
8,153 visits/mo
0.5 miles
Dollar General
Shops & Services
7,054 visits/mo
0.3 miles
Chevron
Shops & Services
5,292 visits/mo
0.5 miles
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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Historic downtown building with upper-level space suited to a range of commercial 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 $1,375,000.
What are key features of this property?
This property features: 8,802‑square‑foot mixed‑use property; Two‑story commercial building constructed in 1883; Upper level supports retail, office, studio, gallery, or mixed‑use concepts, subject to permitted‑use verification
