Office Building with Multiple
For Sale
$699,000
1012 Fort Worth Highway, Weatherford, TX 76086
Updated office building with multiple entrances, private offices, and a large conference room for meetings or training.
Property Size3,204 SF
Price / SF$221.13
Days on Market75
Property Features for 1012 Fort Worth Highway
General Information
Standard status
Active
Size
3,204 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Traffic Count
35,000 vehicles/day
Building Details
Building Size
3,204 SF
Year Built
1970
Stories
1
Units
1
Listing Agency:
eXp Realty, LLC
(817) 613-7020
Listed By:
Becky Hanley · License #TX0361808
(817) 613-7020
Source:
Signaturere
Added: Jun 3
Changed: Aug 7
Last Checked: Aug 15 at 12:40PM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
This office building features multiple entrances (2 to 3) and a flexible interior layout with several private offices plus a large conference room suitable for training or team meetings. The property includes a partial kitchen that can serve as a break room area, and much of the building retains original hardwood flooring alongside updates described in the listing.
The building is positioned within minutes of the Courthouse and Downtown Weatherford, and it benefits from visibility along a major roadway. TXDOT traffic counts for the area are reported between 20,000 and 35,000 cars per day, supporting strong drive-by exposure for office users.
For buyers looking for an owner-occupied or tenant-ready office setup, the combination of private office space and a dedicated conference room supports a range of professional users and team functions. Multiple entrances can help accommodate separate staff access needs, while the partial kitchen/break area provides practical space for daily operations.
The building is positioned within minutes of the Courthouse and Downtown Weatherford, and it benefits from visibility along a major roadway. TXDOT traffic counts for the area are reported between 20,000 and 35,000 cars per day, supporting strong drive-by exposure for office users.
For buyers looking for an owner-occupied or tenant-ready office setup, the combination of private office space and a dedicated conference room supports a range of professional users and team functions. Multiple entrances can help accommodate separate staff access needs, while the partial kitchen/break area provides practical space for daily operations.
Key Highlights
- Office building built in 1970 with updated features
- Multiple entrances (2 to 3) and several private offices
- Large conference room suitable for training or team meetings
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
$40,087
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
5.73%
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%
$801,740
$801.7K
Cap Rate 7%
$572,671
$572.7K
Cap Rate 9%
$445,411
$445.4K
Market Conditions
NOI Build-Up for 3,161 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
$69.4K $21.96/SF
− Vacancy
−$16.0K −$5.05/SF
EGI
$53.4K $16.91/SF
− OpEx
−$13.4K −$4.23/SF
NOI
$40.1K $12.68/SF
Area
Parker County, TX
Vacancy
23.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
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%
$801,740
Cap Rate 7%
$572,671
Cap Rate 9%
$445,411
Alternative Uses
Best Use
Office B
$572.7K
$501.1K – $668.1K
NOI $40,087 @ 7.0% cap · market cap 5.73%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$3.14M
$2.75M – $3.66M
NOI $219,867 @ 7.0% cap · market cap 31.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
35,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,272
Businesses Nearby
Explore this area
Business Placement
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Updated office building with multiple entrances, private offices, and a large conference room for meetings or training.
Where is this office units located?
The property is located at 1012 Fort Worth Highway Weatherford, TX.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Office building built in 1970 with updated features; Multiple entrances (2 to 3) and several private offices; Large conference room suitable for training or team meetings
