Office Building with
New
For Sale
$439,000
101 Misty Ridge Lane, Weatherford, TX 76085
A furnished office configuration includes a meeting room and a separate shop outside city limits.
Property Size2,380 SF
Price / SF$184.45
Days on Market5
Property Features for 101 Misty Ridge Lane
General Information
Standard status
Active
Size
2,380 SF
Property subtype
Commercial
Zoning
commercial/residential
Additional Details
Furnished
Yes
Amenities
game room
Building Details
Building Size
2,380 SF
Year Built
2000
Stories
2
Units
1
Listing Agency:
BOURQUIN REALTY
Listed By:
David Bourquin · License #0596715
(940) 329-5070
Source:
Bourquinrealty
Added: Oct 19
Changed: Oct 22
Last Checked: Oct 22 at 2:43PM
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 BOURQUIN REALTY
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Investment Insights
Based on property information with market context.
This 2,380-square-foot office property was built in 2000 and is offered with furnishings, including desks, file cabinets, and tables for the kitchen and meeting room. A refrigerator and televisions are also included, along with a game room featuring a recently added foosball table. The property has a shop and commercial/residential zoning.
Located outside city limits, the office is on 51 in Weatherford, Texas.
Located outside city limits, the office is on 51 in Weatherford, Texas.
Key Highlights
- 2,380 square feet; built in 2000
- Office property includes a shop and is outside city limits
- Furnishings include desks, file cabinets, kitchen and meeting room tables, a refrigerator, televisions, and a new foosball table
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,183
Cap Rate
6.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$603,660
$603.7K
Cap Rate 7%
$431,186
$431.2K
Cap Rate 9%
$335,367
$335.4K
Market Conditions
NOI Build-Up for 2,380 SF
Gross rent
$52.3K $21.96/SF
− Vacancy
−$12.0K −$5.05/SF
EGI
$40.2K $16.91/SF
− OpEx
−$10.1K −$4.23/SF
NOI
$30.2K $12.68/SF
Area
Parker County, TX
Vacancy
23.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$603,660
Cap Rate 7%
$431,186
Cap Rate 9%
$335,367
Alternative Uses
Best Use
Office B
$431.2K
$377.3K – $503.1K
NOI $30,183 @ 7.0% cap · market cap 6.88%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$2.36M
$2.07M – $2.76M
NOI $165,544 @ 7.0% cap · market cap 37.71%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A furnished office configuration includes a meeting room and a separate shop outside city limits.
Where is this office building located?
The property is located at 101 Misty Ridge Lane Weatherford, TX.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: 2,380 square feet; built in 2000; Office property includes a shop and is outside city limits; Furnishings include desks, file cabinets, kitchen and meeting room tables, a refrigerator, televisions, and a new foosball table
