Historic Professional Office
For Sale
$500,000
107 N Alamo St, Weatherford, TX 76086
Converted historic office with select furnishings near the Parker County Courthouse and downtown Weatherford amenities.
Property Size2,122 SF
Price / SF$235.63
Days on Market31
Property Features for 107 N Alamo St
General Information
Standard status
Active
Size
2,122 SF
Additional Details
Furnished
Yes
Building Details
Year Built
1900
Buildings
1
Listing Agency:
The Atkins Agency
(817) 980-8321
Listed By:
Rees Atkins · License #0443430
Source:
Christenberrygroup
Added: Jul 30
Changed: Aug 28
Last Checked: Aug 29 at 12:03PM
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 The Atkins Agency
Investment Insights
Based on property information with market context.
Built in 1900, this 2,122-square-foot property combines historic character with a professional office configuration. The building has been converted for office use and currently operates as a law practice, with several desks and select furnishings included; additional details are available from the agent.
The property is located at 107 N Alamo St in Weatherford, within walking distance of the Parker County Courthouse and downtown shops, restaurants, and services. Its existing professional setup and central setting support continued office use for legal, accounting, consulting, or other professional services.
The property is located at 107 N Alamo St in Weatherford, within walking distance of the Parker County Courthouse and downtown shops, restaurants, and services. Its existing professional setup and central setting support continued office use for legal, accounting, consulting, or other professional services.
Key Highlights
- 2,122‑square‑foot professional office building
- Built in 1900 with historic character
- Currently operating as a law practice
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
$26,911
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
5.38%
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%
$538,220
$538.2K
Cap Rate 7%
$384,443
$384.4K
Cap Rate 9%
$299,011
$299.0K
Market Conditions
NOI Build-Up for 2,122 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
$46.6K $21.96/SF
− Vacancy
−$10.7K −$5.05/SF
EGI
$35.9K $16.91/SF
− OpEx
−$9.0K −$4.23/SF
NOI
$26.9K $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%
$538,220
Cap Rate 7%
$384,443
Cap Rate 9%
$299,011
Alternative Uses
Best Use
Office B
$384.4K
$336.4K – $448.5K
NOI $26,911 @ 7.0% cap · market cap 5.38%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$2.11M
$1.84M – $2.46M
NOI $147,598 @ 7.0% cap · market cap 29.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,240
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Converted historic office with select furnishings near the Parker County Courthouse and downtown Weatherford amenities.
Where is this office building located?
The property is located at 107 N Alamo St Weatherford, TX.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 2,122‑square‑foot professional office building; Built in 1900 with historic character; Currently operating as a law practice
