Flex Industrial Warehouse with
New
For Sale
$899,999
121 Pistol Road, Weatherford, TX 76085
Fenced outdoor storage, office areas, and utility service support contractor and service-business operations.
Property Size7,800 SF
Lot Size2.04 Acres
Price / SF$92.17
Days on Market2
Property Features for 121 Pistol Road
General Information
Standard status
Active
Size
7,800 SF
Lot size
2.04 Acres
Property subtype
Commercial
Zoning
Unincorporated. No Zoning
Site & Location
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Land
Land Use
industrial, warehouse, outdoor storage, contractor yard
Entitled
No
Additional Details
Warehouse Space
7,800 SF
Amenities
offices and restrooms
overhead doors
concrete slabs
electric and water
horse stalls
Building Details
Building Size
7,800 SF
Year Built
2023
Buildings
1
Stories
1
Units
1
Listing Agency:
The Michael Group Real Estate
(469) 363-0209
Listed By:
Charles Horton · License #0546099
(469) 363-0209
Source:
Fullhouserealtytx
Added: Aug 7
Changed: Aug 8
Last Checked: Aug 8 at 3:07AM
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 The Michael Group Real Estate
Investment Insights
Based on property information with market context.
This 2023 flex property includes an enclosed warehouse, two offices, restrooms, overhead doors, concrete slabs, and a secured outdoor storage yard. Electric and water service are in place, and four horse stalls add an agricultural or hybrid-use component. The property is identified as Lot B-2R4 and covers approximately 2.040 acres.
Located at 121 Pistol Road in Weatherford, the property sits in unincorporated Parker County near Veal Station Road. It carries an unincorporated, no-zoning designation and is described as having no city zoning restrictions. The site is part of a 9.95-acre commercial development offered in individual lots, with use concepts identified for contractor yards, industrial outdoor storage, flex industrial, automotive, and service-oriented operations.
Located at 121 Pistol Road in Weatherford, the property sits in unincorporated Parker County near Veal Station Road. It carries an unincorporated, no-zoning designation and is described as having no city zoning restrictions. The site is part of a 9.95-acre commercial development offered in individual lots, with use concepts identified for contractor yards, industrial outdoor storage, flex industrial, automotive, and service-oriented operations.
Key Highlights
- Approximately 2.040‑acre Lot B‑2R4
- 2023‑built flex industrial property with enclosed warehouse
- Two offices and restrooms
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
$71,597
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
7.96%
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%
$1,431,940
$1.4M
Cap Rate 7%
$1,022,814
$1.0M
Cap Rate 9%
$795,522
$795.5K
Market Conditions
NOI Build-Up for 9,765 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
$117.2K $12.00/SF
− Vacancy
−$7.0K −$0.72/SF
EGI
$110.1K $11.28/SF
− OpEx
−$38.6K −$3.95/SF
NOI
$71.6K $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%
$1,431,940
Cap Rate 7%
$1,022,814
Cap Rate 9%
$795,522
Alternative Uses
Best Use
Industrial
$9.70M
$8.49M – $11.32M
NOI $679,217 @ 7.0% cap · market cap 75.47%
Second Best
Office B
$1.77M
$1.55M – $2.06M
NOI $123,839 @ 7.0% cap · market cap 13.76%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76085, TX
12,249
Population
4,027
Households
3
Avg Household Size
41
Median Age
20%
College-Educated
84%
High-School Grad
65.3 sq mi
ZIP Area
188
Density / Sq Mi
$102,014
Median Household Income
$41,911
Median Earnings
$1,699
Median Rent
$357,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Fenced outdoor storage, office areas, and utility service support contractor and service-business operations.
Where is this flex space located?
The property is located at 121 Pistol Road Weatherford, TX.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: Approximately 2.040‑acre Lot B‑2R4; 2023‑built flex industrial property with enclosed warehouse; Two offices and restrooms
