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Remodeled Building Near Allsups Market

10502 Mineral Wells Hwy, Weatherford, TX 76088

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For Sale

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Remodeled commercial property near high-traffic intersection, suitable for retail.

Type:Mixed Use, Office, Retail

Property size:

1,925 SF

Price / SF:

$224/SF

HighLights

High traffic location at a lighted intersection (US 180 & FM 113 S) with 13,000+ estimated traffic count.
Remodeled in 2017, this +/- 1925 sf brick building features a private office, conference room, and break area.
Owner financing available (WAP).
Located across from the new Allsups Market place.
Ideal commercial‑retail location due to increasing residential population and proximity to Weatherford and Mineral Wells.
Easy access to I‑20 and US 180.

We can help!

Contact an agent

Marty Logan

Learn more

For Sale

Contact for pricing

Remodeled commercial property near high-traffic intersection, suitable for retail.

Type:Mixed Use, Office, Retail

Property size:

1,925 SF

Price / SF:

$224/SF

Added:: Nov 27, 2018
Days on Market:: 2780
Last Refresh:: Jun 28 at 1:45 pm

Property Features for 10502 Mineral Wells Hwy

General Information

Standard status: Active
Size: 1,925 SF
Property subtype: Mixed Use, Office, Retail

Building Details

Year Built: 2017

We can help!

Contact an agent

Marty Logan

Listing office Source1 Real Estate

Listing date Nov 27, 2018

Source Crexi

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 Source1 Real Estate

HighLights

High traffic location at a lighted intersection (US 180 & FM 113 S) with 13,000+ estimated traffic count.
Remodeled in 2017, this +/- 1925 sf brick building features a private office, conference room, and break area.
Owner financing available (WAP).
Located across from the new Allsups Market place.
Ideal commercial‑retail location due to increasing residential population and proximity to Weatherford and Mineral Wells.
Easy access to I‑20 and US 180.

Overview

Located at the intersection of US 180 and FM 113 S, this property features a 1925+/- square foot brick building that was remodeled in 2017. The building includes a private office, conference room, and break area. It is serviced by co-op water and a septic system. Situated across from the new Allsups Marketplace at a lighted intersection, the location benefits from an estimated traffic count of 13,000+. The property also includes an old convenience store building, with no fuel tanks in the ground. The area is experiencing population growth from the Metroplex and Weatherford. Its topography and accessibility to I-20 and US 180 make it suitable for relocation. The increasing residential population and proximity to Weatherford and Mineral Wells make this an attractive commercial-retail location, potentially suitable for a restaurant or other business. Owner financing is available.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$46.4k	$24.12
− Vacancy	−$2.2k	−$1.13
EGI	$44.2k	$22.99
− OpEx	−$13.3k	−$6.90
NOI	$31.0k	$16.09

1,925 SF · lease $24.12/SF/yr · vacancy 4.70% · expense 30.00%

Alternative Uses

Best Use

Retail

$442.5K

$387.2K – $516.2K (±1% cap)

NOI $30,974 @ 7.0% cap · market cap 7.15%

Second Best

Mixed Use

$379.5K

$332.1K – $442.8K (±1% cap)

NOI $26,565 @ 7.0% cap · market cap 6.14%

Theoretical Best

Industrial

$1.91M

$1.67M – $2.23M (±1% cap)

NOI $133,896 @ 7.0% cap · market cap 30.92%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Source 1 Real ... Real Estate Agency

Suggested Use

Location Insight

Map
Local Demand

City: Weatherford
County: Parker
State: Texas
Longitude: -98.002824
Latitude: 32.800952

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For sale
Mixed-use properties
TX
Weatherford
76088
10502 Mineral Wells Hwy

What type of property is this?

Mixed-use property - Remodeled commercial property near high-traffic intersection, suitable for retail.

Where is this mixed-use property located?

The property is located at 10502 Mineral Wells Hwy Weatherford, TX.

What is the asking price?

The asking price for this property is $433,000.

What are key features of this property?

This property features: High traffic location at a lighted intersection (US 180 & FM 113 S) with 13,000+ estimated traffic count.; Remodeled in 2017, this +/- 1925 sf brick building features a private office, conference room, and break area.; Owner financing available (WAP).