Remodeled Building Near Allsups
10502 Mineral Wells Hwy, Weatherford, TX 76088
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Remodeled commercial property near high-traffic intersection, suitable for retail.
Type:Mixed Use, Office, Retail
Property size:
1,925 SFPrice / SF:
$224/SF- Added:
- Nov 27, 2018
- Days on Market:
- 2734
- Last Refresh:
- Mar 25 at 8:16 am
Property Features for 10502 Mineral Wells Hwy
General Information
- Standard status
- Active
- Size
- 1,925 SF
- Property subtype
- Mixed Use, Office, Retail
Building Details
- Year Built
- 2017
Listing agent Marty Logan License #TX 0587020
Listing office Source1 Real Estate (940) 325-9144
Listing date Nov 27, 2018
Source Crexi
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 Source1 Real Estate
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).
- Located across from the new Allsups Market place.
- Ideal commercial‑retail location due to increasing residential population and proximity to Weatherford and Mineral Wells.
- Easy access to I‑20 and US 180.
Overview
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.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$344.2K
NOI $30,974 @ 9.00% cap · cautious / downside scenario
Moderate
$442.5K
NOI $30,974 @ 7.00% cap · market / base-case scenario
Aggressive
$619.5K
NOI $30,974 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.4k | $24.12 |
| − Vacancy | −$2.2k | −$1.13 |
| EGI | $44.2k | $22.99 |
| − OpEx | −$13.3k | −$6.90 |
| NOI | $31.0k | $16.09 |
1,925 SF · lease $24.12/SF/yr · vacancy 4.70% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$442.5K
$387.2K – $516.2K
NOI $30,974 @ 7.0% cap · market cap 7.15%
Second Best
Mixed Use
$379.5K
$332.1K – $442.8K
NOI $26,565 @ 7.0% cap · market cap 6.14%
Theoretical Best
Industrial
$1.91M
$1.67M – $2.23M
NOI $133,896 @ 7.0% cap · market cap 30.92%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Source 1 Real ...
Real Estate Agency
Location Insight
- Map
- Local Demand
- City
- Weatherford
- County
- Parker
- State
- Texas
- Longitude
- -98.002824
- Latitude
- 32.800952
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FAQs
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 Hwy Weatherford, TX.
What is the asking price?
The asking price for this property is $433,000.
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).
