Mixed-Use Facility with
For Sale
$1,600,000
3577 N Fm 51, Weatherford, TX 76085
Flexible layout includes private offices, classrooms, meeting rooms, a full kitchen, and substantial storage.
Property Size6,814 SF
Lot Size5.01 Acres
Price / SF$237.04
Days on Market14
Property Features for 3577 N Fm 51
General Information
Standard status
Active
Size
6,814 SF
Lot size
5.01 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Asking Price
$1,600,000
Amenities
auditorium
private offices
classrooms
conference rooms
full kitchen
storage areas
Building Details
Year Built
1999
Buildings
1
Building Size
6,814 SF
Listing Agency:
The Michael Group Real Estate
(214) 692-6400
Listed By:
Jolynn Hutchings · License #0689718
Source:
Heritance
Added: Aug 17
Changed: Aug 29
Last Checked: Aug 25 at 4:50AM
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 The Michael Group Real Estate
Investment Insights
Based on property information with market context.
Built in 1999, this 6,814 SF mixed-use facility occupies 5.01 acres and is arranged for varied commercial operations. Interior improvements include a 2,500 SF auditorium, private offices, classrooms, two conference rooms, a full kitchen, and storage areas. Monument signage is also in place.
The property is located at 3577 N FM 51 in Weatherford, approximately six miles north of I-20, with about 750 feet of frontage along FM 51. It sits outside city limits and uses well and septic systems. Substantial excess land provides room for additional buildings, outdoor storage, or expansion of the existing facility.
The property is located at 3577 N FM 51 in Weatherford, approximately six miles north of I-20, with about 750 feet of frontage along FM 51. It sits outside city limits and uses well and septic systems. Substantial excess land provides room for additional buildings, outdoor storage, or expansion of the existing facility.
Key Highlights
- 6,814 SF facility on 5.01 acres
- 2,500 SF auditorium with private offices and classrooms
- Two conference rooms, full kitchen, and substantial storage areas
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
$93,150
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
5.82%
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%
$1,863,000
$1.9M
Cap Rate 7%
$1,330,714
$1.3M
Cap Rate 9%
$1,035,000
$1.0M
Market Conditions
NOI Build-Up for 6,750 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
$162.0K $24.00/SF
− Vacancy
−$13.0K −$1.92/SF
EGI
$149.0K $22.08/SF
− OpEx
−$55.9K −$8.28/SF
NOI
$93.2K $13.80/SF
Area
Parker County, TX
Vacancy
8.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
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%
$1,863,000
Cap Rate 7%
$1,330,714
Cap Rate 9%
$1,035,000
Alternative Uses
Best Use
Mixed Use
$1.33M
$1.16M – $1.55M
NOI $93,150 @ 7.0% cap · market cap 5.82%
Second Best
Office B
$1.22M
$1.07M – $1.43M
NOI $85,603 @ 7.0% cap · market cap 5.35%
Theoretical Best
Industrial
$6.71M
$5.87M – $7.83M
NOI $469,505 @ 7.0% cap · market cap 29.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
50
Businesses Nearby
Explore this area
Business Placement
Demographics for 76085, TX
12,249
Population
4,027
Households
3
Avg Household Size
41
Median Age
20%
College-Educated
84%
High-School Grad
65.3 sq mi
ZIP Area
188
Density / Sq Mi
$102,014
Median Household Income
$41,911
Median Earnings
$1,699
Median Rent
$357,900
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?
Mixed-use property - Flexible layout includes private offices, classrooms, meeting rooms, a full kitchen, and substantial storage.
Where is this mixed-use property located?
The property is located at 3577 N Fm 51 Weatherford, TX.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 6,814 SF facility on 5.01 acres; 2,500 SF auditorium with private offices and classrooms; Two conference rooms, full kitchen, and substantial storage areas
