Cinder Block Flex
New
For Sale
$400,000
2301 Mineral Wells Highway, Weatherford, TX 76088
AG-zoned office and warehouse property with a water well and traditional septic system.
Property Size1,032 SF
Lot Size1.50 Acres
Days on Market3
Property Features for 2301 Mineral Wells Highway
General Information
Standard status
Active
Size
1,032 SF
Lot size
1.50 Acres
Property subtype
Commercial
Zoning
AG
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
1,032 SF
Year Built
1975
Stories
1
Units
2
Construction
cinder block
Listing Agency:
CLARK REAL ESTATE GROUP
(817) 597-8776
Listed By:
John McGuire · License #0668028
(817) 597-8776
Source:
Fullhouserealtytx
Added: Aug 9
Changed: Aug 10
Last Checked: Aug 10 at 5:13AM
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 CLARK REAL ESTATE GROUP
Investment Insights
Based on property information with market context.
This flex-space property combines office and warehouse areas within a cinder block building constructed in 1975. The 1.5-acre site includes a water well and traditional septic system, providing the property’s stated water and wastewater infrastructure.
Located at 2301 Mineral Wells Highway in Weatherford, the property sits along US Hwy 180 at Ric Williamson Loop, west of the Parker County Sheriff’s Posse Grounds. The address places the building in a highway-oriented setting with direct proximity to the named loop and surrounding county facility.
Located at 2301 Mineral Wells Highway in Weatherford, the property sits along US Hwy 180 at Ric Williamson Loop, west of the Parker County Sheriff’s Posse Grounds. The address places the building in a highway-oriented setting with direct proximity to the named loop and surrounding county facility.
Key Highlights
- 1.5‑acre AG‑zoned flex‑space property
- 1975 cinder block building with office and warehouse areas
- Water well and traditional septic system
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
$14,350
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
3.59%
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%
$287,000
$287.0K
Cap Rate 7%
$205,000
$205.0K
Cap Rate 9%
$159,444
$159.4K
Market Conditions
NOI Build-Up for 1,032 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
$26.9K $26.04/SF
− Vacancy
−$3.0K −$2.86/SF
EGI
$23.9K $23.18/SF
− OpEx
−$9.6K −$9.27/SF
NOI
$14.4K $13.91/SF
Area
Parker County, TX
Vacancy
11.00%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
40.00%
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%
$287,000
Cap Rate 7%
$205,000
Cap Rate 9%
$159,444
Alternative Uses
Best Use
Industrial
$1.03M
$897.3K – $1.20M
NOI $71,782 @ 7.0% cap · market cap 17.95%
Second Best
Healthcare Medical
$205.0K
$179.4K – $239.2K
NOI $14,350 @ 7.0% cap · market cap 3.59%
Theoretical Best
—
—
same as Best Use
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
46
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - AG-zoned office and warehouse property with a water well and traditional septic system.
Where is this flex space located?
The property is located at 2301 Mineral Wells Highway Weatherford, TX.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 1.5‑acre AG‑zoned flex‑space property; 1975 cinder block building with office and warehouse areas; Water well and traditional septic system
