Two-Building Retail
For Sale
$385,000
10502 Mineral Wells Highway, Weatherford, TX 76088
Highway-fronting commercial site with office amenities and a second building suited for renovation or replacement.
Property Size1,885 SF
Price / SF$204.24
Days on Market30
Property Features for 10502 Mineral Wells Highway
General Information
Standard status
Active
Size
1,885 SF
Property subtype
Commercial
Building Details
Year Built
2016
Listing Agency:
SOURCE 1 REAL ESTATE
Listed By:
Marty Logan (940) 325-9144 · License #0587020
(940) 325-9144
Source:
Findtexashomesforsale
Added: Aug 13
Changed: Sep 10
Last Checked: Sep 10 at 10:01AM
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 SOURCE 1 REAL ESTATE
Investment Insights
Based on property information with market context.
This retail property includes two buildings with separate water taps. The primary brick structure measures 1885 sf and includes a private office, conference room, and break area; it was remodeled in 2016. Co-Op water and septic serve the property. A second building of approximately 1200 sf was formerly configured as a convenience store and may be remodeled or removed for a different commercial use.
The site offers approximately 200 ft. of frontage on US 180 at the intersection of US 180 and FM 113 S, just north of the new Allsup's marketplace. Access to I-20 and US 180 connects the property with Weatherford, Mineral Wells, and the surrounding western Parker County market.
The site offers approximately 200 ft. of frontage on US 180 at the intersection of US 180 and FM 113 S, just north of the new Allsup's marketplace. Access to I-20 and US 180 connects the property with Weatherford, Mineral Wells, and the surrounding western Parker County market.
Key Highlights
- Two‑building retail property with 2 water taps
- Primary brick building measures 1885 sf
- Private office, conference room, and break area
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
$30,331
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
7.88%
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%
$606,620
$606.6K
Cap Rate 7%
$433,300
$433.3K
Cap Rate 9%
$337,011
$337.0K
Market Conditions
NOI Build-Up for 1,885 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
$45.5K $24.12/SF
− Vacancy
−$2.1K −$1.13/SF
EGI
$43.3K $22.99/SF
− OpEx
−$13.0K −$6.90/SF
NOI
$30.3K $16.09/SF
Area
Parker County, TX
Vacancy
4.70%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
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%
$606,620
Cap Rate 7%
$433,300
Cap Rate 9%
$337,011
Alternative Uses
Best Use
Retail
$433.3K
$379.1K – $505.5K
NOI $30,331 @ 7.0% cap · market cap 7.88%
Second Best
Office B
$341.5K
$298.8K – $398.4K
NOI $23,905 @ 7.0% cap · market cap 6.21%
Theoretical Best
Industrial
$1.87M
$1.64M – $2.19M
NOI $131,114 @ 7.0% cap · market cap 34.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Explore this area
Business Placement
Demographics for 76088, TX
13,794
Population
5,573
Households
2.5
Avg Household Size
42
Median Age
30%
College-Educated
93%
High-School Grad
161.5 sq mi
ZIP Area
85
Density / Sq Mi
$107,431
Median Household Income
$53,282
Median Earnings
$1,443
Median Rent
$374,900
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Retail space - Highway-fronting commercial site with office amenities and a second building suited for renovation or replacement.
Where is this retail space located?
The property is located at 10502 Mineral Wells Highway Weatherford, TX.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Two‑building retail property with 2 water taps; Primary brick building measures 1885 sf; Private office, conference room, and break area
