Retail Property with Two
10502 Mineral Wells Highway, Weatherford, TX 76088
For Sale
$375,000
CommercialSale, Weatherford, TX
Property Size1,885 SF
Lot Size0.99 Acres
Price / SF$198.94
Days on Market93
Property Features for 10502 Mineral Wells Highway
General Information
Property type
Property subtype
Zoning description
Parking features
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Mixed-Use Components
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
SOURCE 1 REAL ESTATE
Listed By:
Marty Logan · License TX #0587020
(940) 325-9144
Added: Aug 13
Changed: Nov 10
Last Checked: Nov 13 at 8:06PM
MLS# 21358845
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.
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Investment Insights
Based on property information with market context.
This retail property includes two buildings on a 0.99-acre parcel. The 1,885-square-foot brick building was remodeled in 2016 and has a private office, conference room, and break area. A second building, approximately 1,200 square feet, was previously a convenience store and may be remodeled or removed. The property has two water taps, co-op water, and a septic system.
The site has approximately 200 feet of frontage on US 180, at its intersection with FM 113 S. It is just north of an Allsup's marketplace and has access to I-20 and US 180. The property is near Weatherford and Mineral Wells.
The site has approximately 200 feet of frontage on US 180, at its intersection with FM 113 S. It is just north of an Allsup's marketplace and has access to I-20 and US 180. The property is near Weatherford and Mineral Wells.
Key Highlights
- Two buildings on a 0.99‑acre parcel
- 1,885‑square‑foot brick building remodeled in 2016
- Private office, conference room, and break area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,463
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$649,260
$649.3K
Cap Rate 7%
$463,757
$463.8K
Cap Rate 9%
$360,700
$360.7K
Market Conditions
NOI Build-Up for 1,885 SF
Gross rent
$45.5K $24.12/SF
− Vacancy
−$2.2K −$1.16/SF
EGI
$43.3K $22.96/SF
− OpEx
−$10.8K −$5.74/SF
NOI
$32.5K $17.22/SF
Area
Parker County, TX
Vacancy
4.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$649,260
Cap Rate 7%
$463,757
Cap Rate 9%
$360,700
Alternative Uses
Best Use
Specialty Retail
$463.8K
$405.8K – $541.1K
NOI $32,463 @ 7.0% cap · market cap 8.66%
Second Best
Retail
$433.3K
$379.1K – $505.5K
NOI $30,331 @ 7.0% cap · market cap 8.09%
Theoretical Best
Multifamily LT 5
$473.5K
$414.3K – $552.4K
NOI $33,145 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
5k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Allsups
Shops & Services
5,058 visits/mo
0.1 miles
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
$374,900
Median Home Value
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Market
Average Price Trend$/SF for Retail space in Weatherford, TX
Properties on Market for Retail space in Weatherford
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - A remodeled brick building offers office, meeting, and break areas, alongside a second structure 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 $375,000.
What are key features of this property?
This property features: Two buildings on a 0.99‑acre parcel; 1,885‑square‑foot brick building remodeled in 2016; Private office, conference room, and break area
