Historic Two-Story Weatherford
For Sale
$1,450,000
101 College Avenue, Weatherford, TX 76086
Historic two-story property in a visible downtown location.
Property Size8,802 SF
Price / SF$164.74
Days on Market76
Property Features for 101 College Avenue
General Information
Standard status
Active
Size
8,802 SF
Property subtype
Commercial
Building Details
Year Built
1883
Listing Agency:
Edge Real Estate, LLC
(817) 597-9611
Listed By:
Keith Davis · License #0838442
(817) 597-9611
Source:
Signaturere
Added: May 18
Changed: Jul 10
Last Checked: Jul 31 at 2:55PM
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 Edge Real Estate, LLC
Investment Insights
Based on property information with market context.
This historic two-story property, constructed in 1883, is located at 101 College Street in Weatherford. Situated in a highly visible and strategic location on the Downtown Square, the property benefits from the area's investment and momentum. The second level offers expanded options for retail, office, studio, gallery, or potential mixed-use. The flexible floor plates invite creative reconfiguration or restoration. The property offers visibility, walkability, and proximity to destination dining, boutiques, and community events. With a total property size of 8802 square feet, this property is suitable for owner-users or investors.
Key Highlights
- Prime location on the Downtown Square with high visibility and walkability.
- Rare two‑story building offering flexible floor plans for retail, office, studio, gallery, or mixed‑use.
- Historic property built in 1883, offering a unique legacy.
Financial Insights For Mixed Use
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 | $211.2k | $24.00 |
| − Vacancy | −$16.9k | −$1.92 |
| EGI | $194.3k | $22.08 |
| − OpEx | −$72.9k | −$8.28 |
| NOI | $121.5k | $13.80 |
8,802 SF · lease $24.00/SF/yr · vacancy 8.00% · expense 37.50%
Alternative Uses
Best Use
Retail
$2.02M
$1.77M – $2.36M
NOI $141,628 @ 7.0% cap · market cap 9.77%
Second Best
Mixed Use
$1.74M
$1.52M – $2.02M
NOI $121,468 @ 7.0% cap · market cap 8.38%
Theoretical Best
Industrial
$8.75M
$7.65M – $10.20M
NOI $612,234 @ 7.0% cap · market cap 42.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,272
Businesses Nearby
94k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 43%
Shops & Services 32%
Home Improvements & Furnishings 21%
Dining 5%
Albertsons
Groceries
40,668 visits/mo
0.1 miles
Gibsons
Home Improvements & Furnishings
17,525 visits/mo
0.4 miles
O'Reilly Auto Parts
Shops & Services
8,153 visits/mo
0.5 miles
Dollar General
Shops & Services
7,054 visits/mo
0.3 miles
Chevron
Shops & Services
5,292 visits/mo
0.5 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Historic two-story property in a visible downtown location.
Where is this mixed-use property located?
The property is located at 101 College Avenue Weatherford, TX.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Prime location on the Downtown Square with high visibility and walkability.; Rare two‑story building offering flexible floor plans for retail, office, studio, gallery, or mixed‑use.; Historic property built in 1883, offering a unique legacy.
