Medical/Office Space Near
For Sale
Contact for pricing
2614 E Bankhead Hwy, Weatherford, TX
8,750 SF medical/office space with income potential and easy access.
Property Size8,750 SF
Lot Size0.95 Acres
Price / SF$231.43
Days on Market927
Property Features for 2614 E Bankhead Hwy
General Information
Standard status
Active
Size
8,750 SF
Lot size
0.95 Acres
Property subtype
OFFICE
Listing Agency:
RE/MAX - Orr & Associates Real Estate
(817) 681-7764
Listed By:
Michael Langford · License #0574473
(817) 681-7764
Source:
Moodyscre
Added: Jan 17, 2024
Changed: Jul 6
Last Checked: Jul 21 at 6:03AM
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 RE/MAX - Orr & Associates Real Estate
Investment Insights
Based on property information with market context.
Located off I-20 W, this 8,750 square foot property offers easy access and flexibility of space. A portion of the property is currently leased, providing income potential. The vacant space has been recently renovated. The property is set up as medical office space but can be easily converted to traditional office use. The property is suitable for an owner-user and features great parking.
Key Highlights
- Income potential from existing leased portion.
- Newly renovated vacant space** ready for immediate occupancy.
- Easy access to I‑20.
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $227.9k | $26.04 |
| − Vacancy | −$25.1k | −$2.86 |
| EGI | $202.8k | $23.18 |
| − OpEx | −$81.1k | −$9.27 |
| NOI | $121.7k | $13.91 |
8,750 SF · lease $26.04/SF/yr · vacancy 11.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.74M
$1.52M – $2.03M
NOI $121,672 @ 7.0% cap · market cap 6.01%
Second Best
Office B
$1.59M
$1.39M – $1.85M
NOI $110,967 @ 7.0% cap · market cap 5.48%
Theoretical Best
Industrial
$8.69M
$7.61M – $10.14M
NOI $608,617 @ 7.0% cap · market cap 30.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
80
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - 8,750 SF medical/office space with income potential and easy access.
Where is this medical office space located?
The property is located at 2614 E Bankhead Hwy Weatherford, TX.
What is the asking price?
The asking price for this property is $2,025,000.
What are key features of this property?
This property features: Income potential from existing leased portion.; Newly renovated vacant space** ready for immediate occupancy.; Easy access to I‑20.
