Freestanding Retail Building with
For Sale
Contact for pricing
1228 Ranger Highway, Weatherford, TX 76086
Freestanding liquor store with drive-thru, built in 2009, zoned C1, and frontage on two highways.
Property Size7,878 SF
Lot Size1.58 Acres
Price / SF$203.10
Days on Market190
Property Features for 1228 Ranger Highway
General Information
Standard status
Active
Size
7,878 SF
Total Parking Spaces
31
Lot size
1.58 Acres
Property subtype
RETAIL
Zoning
C1
Site & Location
Drive-Thru
Yes
Traffic Count
15,893 vehicles/day
Highway Access
Yes
Road Access
Yes
Amenities
monument signage
humidors
Building Details
Year Built
2009
Buildings
1
Construction
brick
Tenancy
Single
Parking Ratio
3.92 per 1,000 SF
Listing Agency:
LanCarte Commercial
(817) 409-4040
Listed By:
Colt Ellison
(817) 565-9718
Source:
Moodyscre
Added: Mar 10
Changed: Sep 2
Last Checked: Sep 14 at 11:58AM
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.
Freestanding retail building currently operating as a liquor store, built in 2009. The property includes a drive-thru with coolers in place and multiple humidors. Total building size is 7,878 SF on 1.58 AC, with an all-brick exterior, steel framing, and two roll-up doors. Loading/roll-up door sizes are 12x12 and 12x14. The site has 31 parking spots and zoning designated as C1 (Commercial District). Inventory is available for similar owner/user, and the property notes expansion opportunities.
The location provides frontage on Mineral Wells Hwy and Ranger Hwy, with ingress/egress on both highways and monument signage on both roads. Traffic count is listed at 15,893 VPD, supporting retail visibility and convenient customer access from multiple directions.
The location provides frontage on Mineral Wells Hwy and Ranger Hwy, with ingress/egress on both highways and monument signage on both roads. Traffic count is listed at 15,893 VPD, supporting retail visibility and convenient customer access from multiple directions.
Key Highlights
- Drive‑thru liquor store with coolers in place and multiple humidors
- 7,878 SF freestanding building on 1.58 AC lot
- Frontage on Mineral Wells Hwy and Ranger Hwy with ingress/egress on both
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
$126,761
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
7.92%
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%
$2,535,220
$2.5M
Cap Rate 7%
$1,810,871
$1.8M
Cap Rate 9%
$1,408,456
$1.4M
Market Conditions
NOI Build-Up for 7,878 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
$190.0K $24.12/SF
− Vacancy
−$8.9K −$1.13/SF
EGI
$181.1K $22.99/SF
− OpEx
−$54.3K −$6.90/SF
NOI
$126.8K $16.09/SF
Area
Parker County, TX
Vacancy
4.70%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
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%
$2,535,220
Cap Rate 7%
$1,810,871
Cap Rate 9%
$1,408,456
Alternative Uses
Best Use
Retail
$1.81M
$1.58M – $2.11M
NOI $126,761 @ 7.0% cap · market cap 7.92%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$7.83M
$6.85M – $9.13M
NOI $547,964 @ 7.0% cap · market cap 34.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
15,893 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
256
Businesses Nearby
6k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
6,370 visits/mo
0.4 miles
Demographics for 76086, TX
21,429
Population
9,689
Households
2.2
Avg Household Size
37
Median Age
22%
College-Educated
88%
High-School Grad
13.8 sq mi
ZIP Area
1,553
Density / Sq Mi
$61,415
Median Household Income
$38,347
Median Earnings
$1,389
Median Rent
$235,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Freestanding liquor store with drive-thru, built in 2009, zoned C1, and frontage on two highways.
Where is this retail space located?
The property is located at 1228 Ranger Highway Weatherford, TX.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Drive‑thru liquor store with coolers in place and multiple humidors; 7,878 SF freestanding building on 1.58 AC lot; Frontage on Mineral Wells Hwy and Ranger Hwy with ingress/egress on both
