Office Building with Ample
For Sale
$1,700,000
Pending
3470 Mineral Wells Highway, Weatherford, TX 76088
Versatile office property along a high-visibility corridor with ample parking and easy access.
Property Size6,000 SF
Days on Market46
Property Features for 3470 Mineral Wells Highway
General Information
Standard status
Pending
Size
6,000 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$12,461
Amenities
Electric
3
Other
Other, US Highway, Clear lot.
Building Details
Year Built
2014
Listing Agency:
United Real Estate DFW
Listed By:
Shawn Buck · License #0640814
(817) 233-1724
Source:
Xome
Added: Jul 25
Changed: Sep 1
Last Checked: Sep 8 at 3:50AM
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 United Real Estate DFW
Investment Insights
Based on property information with market context.
This office building offers a functional layout designed to accommodate a variety of commercial uses, supported by ample parking and easy accessibility. The property is positioned for visibility along a high-visibility corridor with excellent frontage.
Located at 3470 Mineral Wells Highway in Weatherford, TX 76088, the property provides convenient access to Interstate 20 and Downtown Weatherford. It sits among established businesses and ongoing development in the surrounding area.
Located at 3470 Mineral Wells Highway in Weatherford, TX 76088, the property provides convenient access to Interstate 20 and Downtown Weatherford. It sits among established businesses and ongoing development in the surrounding area.
Key Highlights
- Commercial property on Mineral Wells Highway in Weatherford
- Built in 2014 with electric cooling and heating (3)
- Clear lot with US Highway frontage
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
$76,091
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
4.48%
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%
$1,521,820
$1.5M
Cap Rate 7%
$1,087,014
$1.1M
Cap Rate 9%
$845,456
$845.5K
Market Conditions
NOI Build-Up for 6,000 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
$131.8K $21.96/SF
− Vacancy
−$30.3K −$5.05/SF
EGI
$101.5K $16.91/SF
− OpEx
−$25.4K −$4.23/SF
NOI
$76.1K $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%
$1,521,820
Cap Rate 7%
$1,087,014
Cap Rate 9%
$845,456
Alternative Uses
Best Use
Office B
$1.09M
$951.1K – $1.27M
NOI $76,091 @ 7.0% cap · market cap 4.48%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$5.96M
$5.22M – $6.96M
NOI $417,338 @ 7.0% cap · market cap 24.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
33
Businesses Nearby
Explore this area
Business Placement
Demographics for 76088, TX
13,794
Population
5,573
Households
2.5
Avg Household Size
42
Median Age
30%
College-Educated
93%
High-School Grad
161.5 sq mi
ZIP Area
85
Density / Sq Mi
$107,431
Median Household Income
$53,282
Median Earnings
$1,443
Median Rent
$374,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Versatile office property along a high-visibility corridor with ample parking and easy access.
Where is this office building located?
The property is located at 3470 Mineral Wells Highway Weatherford, TX.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Commercial property on Mineral Wells Highway in Weatherford; Built in 2014 with electric cooling and heating (3); Clear lot with US Highway frontage
