Remodeled Building Near Allsups
For Sale
$399,000
10502 Mineral Wells Highway, Weatherford, TX 76088
Remodeled commercial property near high-traffic intersection, suitable for retail.
Property Size1,885 SF
Price / SF$211.67
Days on Market151
Property Features for 10502 Mineral Wells Highway
General Information
Standard status
Active
Size
1,885 SF
Property subtype
Commercial
Zoning
Comm/Un
Building Details
Building Size
1,885 SF
Year Built
2016
Stories
1
Units
1
Listing Agency:
SOURCE 1 REAL ESTATE
(940) 327-7783
Listed By:
Marty Logan · License #0587020
(940) 327-7783
Source:
Signaturere
Added: Mar 27
Changed: Aug 23
Last Checked: Aug 22 at 3:06PM
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.
Located at the intersection of US 180 and FM 113 S, this property features a 1925+/- square foot brick building that was remodeled in 2017. The building includes a private office, conference room, and break area. It is serviced by co-op water and a septic system. Situated across from the new Allsups Marketplace at a lighted intersection, the location benefits from an estimated traffic count of 13,000+. The property also includes an old convenience store building, with no fuel tanks in the ground. The area is experiencing population growth from the Metroplex and Weatherford. Its topography and accessibility to I-20 and US 180 make it suitable for relocation. The increasing residential population and proximity to Weatherford and Mineral Wells make this an attractive commercial-retail location, potentially suitable for a restaurant or other business. Owner financing is available.
Key Highlights
- High traffic location at a lighted intersection (US 180 & FM 113 S) with 13,000+ estimated traffic count.
- Remodeled in 2017, this +/- 1925 sf brick building features a private office, conference room, and break area.
- Owner financing available (WAP).
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
$26,013
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
6.52%
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%
$520,260
$520.3K
Cap Rate 7%
$371,614
$371.6K
Cap Rate 9%
$289,033
$289.0K
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
$45.2K $24.00/SF
− Vacancy
−$3.6K −$1.92/SF
EGI
$41.6K $22.08/SF
− OpEx
−$15.6K −$8.28/SF
NOI
$26.0K $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%
$520,260
Cap Rate 7%
$371,614
Cap Rate 9%
$289,033
Alternative Uses
Best Use
Mixed Use
$371.6K
$325.2K – $433.6K
NOI $26,013 @ 7.0% cap · market cap 6.52%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$1.87M
$1.64M – $2.19M
NOI $131,114 @ 7.0% cap · market cap 32.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Remodeled commercial property near high-traffic intersection, suitable for retail.
Where is this mixed-use property located?
The property is located at 10502 Mineral Wells Highway Weatherford, TX.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: High traffic location at a lighted intersection (US 180 & FM 113 S) with 13,000+ estimated traffic count.; Remodeled in 2017, this +/- 1925 sf brick building features a private office, conference room, and break area.; Owner financing available (WAP).
