Farm with Central Air and
For Sale
$899,900
1930-1B Old Mineral Wells Highway, Weatherford, TX 76088
CommercialSale, Weatherford, TX
Property Size2,000 SF
Lot Size7.88 Acres
Price / SF$449.95
Days on Market95
Property Features for 1930-1B Old Mineral Wells Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
ETJ city of Weatherford
Parking features
Covered, Garage
Lot features
Acreage, Back Yard, Lawn, Native Plants, Pasture, Few Trees
Directions
Hwy 180 West from Weatherford courthouse- right on Ric Williamson - Left on Old Mineral Wells Hwy - property on the right
Standard status
Active
APN
R000075613
Lot size
7.88 Acres
Taxes and HOA fees
Tax Description
ACRES: 6.875 BLK: A SUBD: FIELDS ADDN TRACT:
Tax Annual Amount
14
Legal Description
ACRES: 6.875 BLK: A SUBD: FIELDS ADDN TRACT:
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Well
Building Details
Year built
2001
Floors in Building
1
Number of units
1
Flooring type
Combination
Roof type
Composition
Listing Agency:
Roxie Davidson Real Estate
(817) 596-5262
Listed By:
Roxie Davidson · License #0362167
(817) 366-7395
Added: Jun 16
Changed: Sep 5
Last Checked: Sep 18 at 7:06AM
MLS# 21243352
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Farm property on 7.875 acres in Weatherford, TX, featuring a 2000+ SF home built in 2001. The home includes central heating and central air, a composition roof, and combination flooring.
The property is set up with a well water source and a septic tank. Parking features include a garage and covered parking, supporting day-to-day use and equipment storage needs.
While the setting offers room for a variety of uses on acreage, the core improvements provided are the residence with central HVAC plus the on-site water and sewer systems to support independent living and hobby operations.
The property is set up with a well water source and a septic tank. Parking features include a garage and covered parking, supporting day-to-day use and equipment storage needs.
While the setting offers room for a variety of uses on acreage, the core improvements provided are the residence with central HVAC plus the on-site water and sewer systems to support independent living and hobby operations.
Key Highlights
- 7.875 acres with a 2000+ SF home
- Year built: 2001
- Central heating and central air
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
$30,412
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
3.38%
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%
$608,240
$608.2K
Cap Rate 7%
$434,457
$434.5K
Cap Rate 9%
$337,911
$337.9K
Market Conditions
NOI Build-Up for 2,000 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
$61.9K $30.96/SF
− Vacancy
−$6.6K −$3.31/SF
EGI
$55.3K $27.65/SF
− OpEx
−$24.9K −$12.44/SF
NOI
$30.4K $15.21/SF
Area
Parker County, TX
Vacancy
10.70%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
45.00%
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%
$608,240
Cap Rate 7%
$434,457
Cap Rate 9%
$337,911
Alternative Uses
Best Use
Apartment 5plus
$434.5K
$380.2K – $506.9K
NOI $30,412 @ 7.0% cap · market cap 3.38%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$1.99M
$1.74M – $2.32M
NOI $139,113 @ 7.0% cap · market cap 15.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
115
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
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Frequently Asked Questions
What type of property is this?
Commercial land - Farm property featuring central air, a well water source, septic service, and a garage with covered parking.
Where is this commercial land located?
The property is located at 1930-1B Old Mineral Wells Highway Weatherford, TX.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: 7.875 acres with a 2000+ SF home; Year built: 2001; Central heating and central air
