Professional Office Units with Conference
For Sale
Contact for pricing
1916 Martin Drive, Weatherford, TX 76086
Move-in-ready office configuration includes private work areas, collaborative space, a kitchen, and an ADA-compliant bathroom.
Property Size3,025 SF
Price / SF$0.01
Days on Market84
Property Features for 1916 Martin Drive
General Information
Standard status
Active
Size
3,025 SF
Property subtype
Office
Amenities
meeting rooms
Building Details
Year Built
2005
Tenancy
Multi
Owner Occupied
No
Listing Agency:
eXp Realty, LLC
(888) 519-7431
Listed By:
Stacy Lynch · License #0329792
(817) 908-9567
Source:
Lonestarluxuryrealty
Added: Aug 1
Changed: Oct 13
Last Checked: Oct 20 at 9:18PM
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
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Investment Insights
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This 3,025 SF office unit is configured for professional business use, with a reception area, six oversized offices, two conference rooms, a workroom with built-ins, and a spacious kitchen. The suite also includes an ADA-approved bathroom and an established interior build-out. Additional meeting rooms and restrooms are available to tenants during business hours, while the property provides parking for larger gatherings. Built in 2005, the building is occupied in part by the owner.
The property is within walking distance of Weatherford’s Main Street, nearby banks, professional services, restaurants, and local shops. Its central setting supports convenient access to surrounding business and retail amenities.
The property is within walking distance of Weatherford’s Main Street, nearby banks, professional services, restaurants, and local shops. Its central setting supports convenient access to surrounding business and retail amenities.
Key Highlights
- 3,025 SF office unit with six oversized offices
- Two large conference rooms plus an expansive reception area
- Workroom with built‑ins and spacious kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,363
Suggested Prices Based on Cap Rates
Cap Rate 5%
$767,260
$767.3K
Cap Rate 7%
$548,043
$548.0K
Cap Rate 9%
$426,256
$426.3K
Market Conditions
NOI Build-Up for 3,025 SF
Gross rent
$66.4K $21.96/SF
− Vacancy
−$15.3K −$5.05/SF
EGI
$51.2K $16.91/SF
− OpEx
−$12.8K −$4.23/SF
NOI
$38.4K $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 Rate 5%
$767,260
Cap Rate 7%
$548,043
Cap Rate 9%
$426,256
Alternative Uses
Best Use
Office B
$548.0K
$479.5K – $639.4K
NOI $38,363 @ 7.0% cap · market cap 166,795.65%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$3.01M
$2.63M – $3.51M
NOI $210,408 @ 7.0% cap · market cap 914,817.39%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
879
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Move-in-ready office configuration includes private work areas, collaborative space, a kitchen, and an ADA-compliant bathroom.
Where is this office unit located?
The property is located at 1916 Martin Drive Weatherford, TX.
What are key features of this property?
This property features: 3,025 SF office unit with six oversized offices; Two large conference rooms plus an expansive reception area; Workroom with built‑ins and spacious kitchen
