Mixed-Use Property with
For Sale
Contact for pricing
2021 South Weatherford Road, Midlothian, TX 76065
Outside city limits, the property combines highway access, a manufactured home, storage space, and a fully fenced site.
Property Size2,432 SF
Price / SF$335.12
Days on Market79
Property Features for 2021 South Weatherford Road
General Information
Standard status
Active
Size
2,432 SF
Property subtype
Mixed Use, Land
Building Details
Year Built
2001
Buildings
3
Listing Agency:
Hinshaw Realty
Listed By:
Kristi Hinshaw · License #713037-B
Source:
Crexi
Added: Jul 31
Changed: Oct 3
Last Checked: Oct 16 at 9:10AM
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 Hinshaw Realty
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Investment Insights
Based on property information with market context.
Located at 2021 South Weatherford Road in Midlothian, this 5-acre property outside city limits includes a 2,432-square-foot manufactured home built in 2001. The home has a 2026 roof and 2026 interior paint, but requires cleanup and flooring work and does not include appliances. A small metal storage building with electricity sits on a concrete slab. The site is fully fenced and secured by a large metal gate.
The property offers road frontage and convenient access to Hwy 67. No known zoning restrictions are identified in the available information. The manufactured home may support interim occupancy, leasing, or office use while future plans are evaluated. The property previously hosted a business for over 16 years. The 2018 14X36' storage building with garage door and loft, along with the trailers, mobile home, car, and boat listed in the remarks, do not convey.
The property offers road frontage and convenient access to Hwy 67. No known zoning restrictions are identified in the available information. The manufactured home may support interim occupancy, leasing, or office use while future plans are evaluated. The property previously hosted a business for over 16 years. The 2018 14X36' storage building with garage door and loft, along with the trailers, mobile home, car, and boat listed in the remarks, do not convey.
Key Highlights
- 5 acres outside city limits with no known zoning restrictions
- 2,432 SQFT manufactured home built in 2001
- 2026 roof and 2026 interior paint on the manufactured home
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,907
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$558,140
$558.1K
Cap Rate 7%
$398,671
$398.7K
Cap Rate 9%
$310,078
$310.1K
Market Conditions
NOI Build-Up for 2,432 SF
Gross rent
$52.5K $21.60/SF
− Vacancy
−$7.9K −$3.24/SF
EGI
$44.7K $18.36/SF
− OpEx
−$16.7K −$6.89/SF
NOI
$27.9K $11.48/SF
Area
Ellis County, TX
Vacancy
15.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$558,140
Cap Rate 7%
$398,671
Cap Rate 9%
$310,078
Alternative Uses
Best Use
Mixed Use
$398.7K
$348.8K – $465.1K
NOI $27,907 @ 7.0% cap · market cap 3.42%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$26.54M
$23.22M – $30.96M
NOI $1,857,599 @ 7.0% cap · market cap 227.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
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Business Placement
Demographics for 76065, TX
42,827
Population
15,081
Households
2.8
Avg Household Size
37
Median Age
36%
College-Educated
92%
High-School Grad
100.9 sq mi
ZIP Area
424
Density / Sq Mi
$123,664
Median Household Income
$61,420
Median Earnings
$1,873
Median Rent
$378,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Outside city limits, the property combines highway access, a manufactured home, storage space, and a fully fenced site.
Where is this mixed-use property located?
The property is located at 2021 South Weatherford Road Midlothian, TX.
What is the asking price?
The asking price for this property is $815,000.
What are key features of this property?
This property features: 5 acres outside city limits with no known zoning restrictions; 2,432 SQFT manufactured home built in 2001; 2026 roof and 2026 interior paint on the manufactured home
