Shallow-Bay Flex Warehouse
1886 Mineral Wells Hwy Weatherford, TX 76088
For Sale
$2,700,000
Two-building flex warehouse complex offers shallow-bay space, nine units, and 12 grade-level doors on 2.66 acres.
Property Size22,000 SF
Lot Size2.66 Acres
Price / SF$122.73
Days on Market113
Property Features for 1886 Mineral Wells Hwy
General Information
- Standard status
- Active
- Size
- 22,000 SF
- Lot size
- 2.66 Acres
- Property subtype
- Warehouse
Building Details
- Year Built
- 2009
Listing Agency:
Dallas Office
(972) 755-5230
Listed By:
Davis Cagle · License #TX: 722097
(972) 755-5230
Source:
Marcusmillichap
Added: Apr 3
Changed: Jul 21
Last Checked: Jul 22 at 2:11AM
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 Dallas Office
Investment Insights
Based on property information with market context.
This two-building flex warehouse complex totals approximately 22,000 square feet of shallow-bay space and is set on 2.66 acres. The property was developed in 2009 and includes nine units with a 14’ clear height. Metal construction and metal roofing support a layout designed around 12 grade-level doors, and the site provides excess parking.
The property has frontage along Mineral Wells Highway (U.S. Route 180), which feeds directly into Interstate 20 and connects the Fort Worth and Dallas metros. It is described as being anchored by Epic Fights & Fitness Academy and is reported to be 95.5% occupied under modified gross leases.
For buyers seeking to optimize income, the offering notes a value-add opportunity to convert leases into triple-net terms.
The property has frontage along Mineral Wells Highway (U.S. Route 180), which feeds directly into Interstate 20 and connects the Fort Worth and Dallas metros. It is described as being anchored by Epic Fights & Fitness Academy and is reported to be 95.5% occupied under modified gross leases.
For buyers seeking to optimize income, the offering notes a value-add opportunity to convert leases into triple-net terms.
Key Highlights
- Two‑building flex/warehouse complex built in 2009 totaling approximately 22,000 SF
- Nine‑unit property on 2.66 acres with metal construction and roofing
- Shallow‑bay flex space with 14’ clear height and 12 grade‑level doors
Financial Insights For Flex RnD
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 | $264.0k | $12.00 |
| − Vacancy | −$15.8k | −$0.72 |
| EGI | $248.2k | $11.28 |
| − OpEx | −$86.9k | −$3.95 |
| NOI | $161.3k | $7.33 |
22,000 SF · lease $12.00/SF/yr · vacancy 6.00% · expense 35.00%
Alternative Uses
Best Use
Industrial
$21.86M
$19.13M – $25.50M
NOI $1,530,238 @ 7.0% cap · market cap 56.68%
Second Best
Flex RnD
$2.30M
$2.02M – $2.69M
NOI $161,304 @ 7.0% cap · market cap 5.97%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
CrossFit Convictus
Gym & Fitness Center
Epic Fight & Fitness ...
Training Center
Debbie’s Place
Hair Salon
Quick Connect Electrical ...
Electrical Service
U-Haul Neighborhood Dealer
Car Rental Facility
FAQs
What type of property is this?
Flex space - Two-building flex warehouse complex offers shallow-bay space, nine units, and 12 grade-level doors on 2.66 acres.
Where is this flex space located?
The property is located at 1886 Mineral Wells Hwy Weatherford, TX.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Two‑building flex/warehouse complex built in 2009 totaling approximately 22,000 SF; Nine‑unit property on 2.66 acres with metal construction and roofing; Shallow‑bay flex space with 14’ clear height and 12 grade‑level doors
