Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land in Freeman Ranch, Weatherford Title is generated by Realmo AI

    1044 Salvation Drive, Weatherford, TX 76088

    View on Map
    Claim this Listing
    For Sale
    $141,900

    Improved Land - Weatherford, TX

    Lot size:
    2.00 Acres
    Added:
    Apr 29, 2026
    Days on Market:
    10
    Last Refresh:
    May 8 at 7:06 pm

    Property Features for 1044 Salvation Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R000124300
    Lot size
    2.00 Acres

    Taxes and HOA fees

    Expense value
    300
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Bryan Blagg

    Listing agent Bryan Blagg License #0691560

    Listing office Bryan Blagg Real Estate 505 S Glacier Dr, Sherman, TX

    Listing date Apr 29, 2026

    MLS# 21196407 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.

    HighLights

    • Wide open spaces and spacious lots.
    • Convenient location off Interstate 20.
    • Proximity to downtown Weatherford shops and restaurants.
    • Easy access to Fort Worth entertainment and cultural attractions.
    • Scenic surroundings with nearby parks and lakes.
    • Millsap ISD.

    Overview

    Located in Freeman Ranch off Interstate 20 in Weatherford, this improved land offers wide open spaces. The property is near parks and lakes, providing a tranquil environment. Downtown Weatherford, with its shops and restaurants, is nearby, and Fort Worth is a short drive away, offering additional entertainment and cultural attractions. The property is located within the Millsap Independent School District. Deed restrictions apply. The lot size is 2 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Weatherford
    County
    Parker
    State
    Texas
    Longitude
    -97.868762
    Latitude
    32.783099

    Nearby Similar for Sale

    • $500,000

      Historic Office in Weatherford, TX

      Turnkey office space near Parker County Courthouse and downtown.
      107 N Alamo Street, Weatherford, TX 76086
      View Details
    • $350,000
      870 SF

      Waterfront RV Resort Opportunity

      Turnkey waterfront RV resort with diversified revenue streams.
      133 Chavez Trail, Weatherford, TX 76087
      View Details
    • $550,000

      62+ Acre Golf Course Opportunity

      Golf course and clubhouse on 62+ acres in Weatherford, TX.
      305 Lipan, Weatherford, TX 76087
      View Details
    • $899,000

      Weatherford Retail Opportunity on Highway

      5-acre property with highway frontage, suitable for commercial use.
      6502 Mineral Wells Highway, Weatherford, TX 76088
      View Details
    • $400,000
      1,032 SF

      Weatherford Warehouse and Office Space

      Historic location on 1.5 acres in Weatherford, Texas.
      2301 Mineral Wells Highway, Weatherford, TX 76088
      View Details
    • $349,000

      Weatherford Land Ideal for Development

      3.37 acres of unrestricted land suitable for various commercial uses.
      121 Pistol Road, Weatherford, TX 76085
      View Details
    • $349,000

      Weatherford Land for Flexible Use

      Unrestricted 3.37-acre lot ideal for industrial, storage, or development.
      121 Pistol Road, Weatherford, TX 76085
      View Details
    • $199,000

      Weatherford Commercial Property with Solar

      Commercial property in Weatherford, TX, suitable for office or daycare.
      205 S Line Street, Weatherford, TX 76086
      View Details
    • $879,900

      Victorian Home on 3.1 Acres

      130-year-old Victorian home zoned for light commercial use.
      1105 Palo Pinto Street, Weatherford, TX 76086
      View Details
    • $3,590,000

      Established Stone Fabrication Business For Sale

      Profitable stone fabrication and installation business on 3+ acres.
      2927 Greenlee Park, Weatherford, TX 76088
      View Details
    • $915,000
      3,190 SF

      Weatherford Farmhouse Estate on 10 Acres

      Private country estate with updated farmhouse, barn, and arena.
      601 Patrick Creek Road, Weatherford, TX 76087
      View Details
    • $499,999

      Weatherford Commercial Land For Sale

      One-acre commercial tract ready for development in Weatherford, Texas.
      1835 N Main Street, Weatherford, TX 76085
      View Details

    FAQs

    What type of property is this?
    Land - Spacious lots near parks and lakes, convenient location.
    Where is this land located?
    The property is located at 1044 Salvation Drive Weatherford, TX.
    What is the asking price?
    The asking price for this property is $141,900.
    What are key features of this property?
    This property features: Wide open spaces and spacious lots.; Convenient location off Interstate 20.; Proximity to downtown Weatherford shops and restaurants.
    (817) 939-8488
    We can help!
    Listing Contact
    Bryan Blagg
    Real Estate License ID: 0691560
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1044 Salvation Drive, Weatherford, TX 76088
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!