Office-Warehouse Mixed-Use
New
For Sale
$2,800,000
1995 Ranger Highway, Weatherford, TX 76088
CommercialSale, Weatherford, TX
Property Size13,029 SF
Lot Size4.45 Acres
Price / SF$214.91
Days on Market4
Property Features for 1995 Ranger Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Open, Oversize
Security features
Security
Subdivision
T Ralston Surv Abs #1131
Lot features
Acreage, Level
Directions
From Ft Worth. Follow I-30 W and I-20 W to Interstate 20 Frontage Rd in Parker County. Take exit 405 for Ric Williamson Memorial Hwy towards Ranger Hwy (spur 312). Turn left (South East) on Ranger Hwy. Property will be on the south side of the road.
Standard status
Active
APN
R000071395
Lot size
4.45 Acres
Taxes and HOA fees
Tax Description
ABST: 1131 SURVEY: ROLSTON THOM
Legal Description
ABST: 1131 SURVEY: ROLSTON THOM
Utilities
Sewer type
Septic Tank
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Well
Building Details
Year built
2011
Floors in Building
1
Number of units
2
Flooring type
Carpet, Concrete, Tile
Building materials
MetalSiding
Roof type
Metal
Listing Agency:
Trinity Country Real Estate
(817) 594-8183
Listed By:
Matt Milligan · License #0500456
(817) 694-1121
Added: Sep 30
Changed: Oct 2
Last Checked: Oct 3 at 10:06AM
MLS# 21399909
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.
The 2011 mixed-use property contains 13,029 square feet of office space and 2,420 square feet of warehouse area. Carpet, tile, and concrete flooring serve different areas of the building, which has metal siding and a metal roof. Central electric heating and cooling are installed. The site spans 4.45 acres, is partially fenced, and includes open, oversized parking.
Located on Ranger Highway in Weatherford, the property has a well water source and septic system. Its office and warehouse components accommodate a combination of administrative and operational activities.
Located on Ranger Highway in Weatherford, the property has a well water source and septic system. Its office and warehouse components accommodate a combination of administrative and operational activities.
Key Highlights
- 13,029 square feet of office space and 2,420 square feet of warehouse space
- 4.45‑acre site with partial fencing
- Built in 2011
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
$179,800
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
6.42%
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%
$3,596,000
$3.6M
Cap Rate 7%
$2,568,571
$2.6M
Cap Rate 9%
$1,997,778
$2.0M
Market Conditions
NOI Build-Up for 13,029 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
$312.7K $24.00/SF
− Vacancy
−$25.0K −$1.92/SF
EGI
$287.7K $22.08/SF
− OpEx
−$107.9K −$8.28/SF
NOI
$179.8K $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%
$3,596,000
Cap Rate 7%
$2,568,571
Cap Rate 9%
$1,997,778
Alternative Uses
Best Use
Industrial
$12.95M
$11.33M – $15.10M
NOI $906,249 @ 7.0% cap · market cap 32.37%
Second Best
Mixed Use
$2.57M
$2.25M – $3.00M
NOI $179,800 @ 7.0% cap · market cap 6.42%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
47
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The office and warehouse areas provide distinct spaces for administrative and operational functions.
Where is this mixed-use property located?
The property is located at 1995 Ranger Highway Weatherford, TX.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: 13,029 square feet of office space and 2,420 square feet of warehouse space; 4.45‑acre site with partial fencing; Built in 2011
