Multi-Building Flex
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For Sale
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113 Bennett Hills Drive, Weatherford, TX 76088
Five separate buildings provide a flexible commercial configuration for varied operational needs.
Property Size12,000 SF
Price / SF$183.33
Days on Market4
Property Features for 113 Bennett Hills Drive
General Information
Standard status
Active
Size
12,000 SF
Property subtype
Industrial
Building Details
Buildings
5
Listing Agency:
LanCarte Commercial
Listed By:
Kristen Fegley · License #809492
(817) 409-4040
Source:
Crexi
Added: Sep 16
Changed: Sep 18
Last Checked: Sep 18 at 2:46PM
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 LanCarte Commercial
Investment Insights
Based on property information with market context.
This flex space property comprises five separate buildings, each measuring 2,400 square feet, for a combined 12,000 square feet of improvements. The buildings are positioned on more than 3 acres, creating a multi-structure commercial layout suited to flex and industrial applications.
The property is located at 113 Bennett Hills Drive in Weatherford, Texas, within ZIP code 76088.
The property is located at 113 Bennett Hills Drive in Weatherford, Texas, within ZIP code 76088.
Key Highlights
- 12,000 square feet across five buildings
- Five buildings measuring 2,400 square feet each
- More than 3 acres
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
$87,984
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
4.00%
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%
$1,759,680
$1.8M
Cap Rate 7%
$1,256,914
$1.3M
Cap Rate 9%
$977,600
$977.6K
Market Conditions
NOI Build-Up for 12,000 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
$144.0K $12.00/SF
− Vacancy
−$8.6K −$0.72/SF
EGI
$135.4K $11.28/SF
− OpEx
−$47.4K −$3.95/SF
NOI
$88.0K $7.33/SF
Area
Parker County, TX
Vacancy
6.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
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%
$1,759,680
Cap Rate 7%
$1,256,914
Cap Rate 9%
$977,600
Alternative Uses
Best Use
Industrial
$11.92M
$10.43M – $13.91M
NOI $834,675 @ 7.0% cap · market cap 37.94%
Second Best
Flex RnD
$1.26M
$1.10M – $1.47M
NOI $87,984 @ 7.0% cap · market cap 4.00%
Theoretical Best
—
—
same as Best Use
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
10
Businesses Nearby
Well-served
Demand for This Use
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 Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Five separate buildings provide a flexible commercial configuration for varied operational needs.
Where is this flex space located?
The property is located at 113 Bennett Hills Drive Weatherford, TX.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 12,000 square feet across five buildings; Five buildings measuring 2,400 square feet each; More than 3 acres
