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 Market1021
Property Features for 2614 E Bankhead Hwy
General Information
Standard status
Active
Size
8,750 SF
Lot size
0.95 Acres
Property subtype
OFFICE
Lease Type
Modified Gross
Properties For Sale
at 2614 E Bankhead Hwy Contact us2614 E Bankhead Hwy AVAILABLE, Now
Floor
1
Size
2,790 SF
Type
OFFICE
Lease Type
MODIFIED_GROSS
Sublease
No
Recently Remodeled
Great Location
Access to I-20
Good Parking
Contact us 2614 E Bankhead Hwy AVAILABLE, Now
Floor
1
Size
3,000 SF
Type
OFFICE
Lease Type
MODIFIED_GROSS
Sublease
No
Recently Remodeled
Great Location
Access to I-20
Good Parking
Contact us
Listing Agency:
RE/MAX - Orr & Associates Real Estate
(817) 295-5291
Listed By:
Michael Langford · License #0574473
(817) 681-7764
Source:
Moodyscre
Added: Jan 17, 2024
Changed: Oct 25
Last Checked: Nov 1 at 9:19AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$121,672
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,433,440
$2.4M
Cap Rate 7%
$1,738,171
$1.7M
Cap Rate 9%
$1,351,911
$1.4M
Market Conditions
NOI Build-Up for 8,750 SF
Gross rent
$227.9K $26.04/SF
− Vacancy
−$25.1K −$2.86/SF
EGI
$202.8K $23.18/SF
− OpEx
−$81.1K −$9.27/SF
NOI
$121.7K $13.91/SF
Area
Parker County, TX
Vacancy
11.00%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,433,440
Cap Rate 7%
$1,738,171
Cap Rate 9%
$1,351,911
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.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
80
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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.
