Cinder Block Flex
New
For Sale
$400,000
2301 Mineral Wells Highway, Weatherford, TX 76088
Office and warehouse improvements occupy a 1.5-acre property with private water and septic systems.
Property Size1,032 SF
Lot Size1.50 Acres
Price / SF$387.60
Days on Market6
Property Features for 2301 Mineral Wells Highway
General Information
Standard status
Active
Size
1,032 SF
Lot size
1.50 Acres
Property subtype
CommercialSale
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Construction
cinder block
Listing Agency:
CLARK REAL ESTATE GROUP
(817) 458-0402
Listed By:
John McGuire · License #0668028
Source:
Dallashighrisecondo
Added: Aug 26
Changed: Aug 29
Last Checked: Aug 30 at 5:46PM
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 property combines a vintage cinder block office with warehouse space on a 1.5-acre parcel. The improvements support a practical blend of administrative and storage functions, while an on-site water well and traditional septic system serve the property.
The address is 2301 Mineral Wells Highway in Weatherford, positioned along US Hwy 180 West at Ric Williamson Loop. The property is west of the Parker County Sheriff's Posse Grounds, providing a readily identifiable highway setting.
The address is 2301 Mineral Wells Highway in Weatherford, positioned along US Hwy 180 West at Ric Williamson Loop. The property is west of the Parker County Sheriff's Posse Grounds, providing a readily identifiable highway setting.
Key Highlights
- Vintage cinder block office and warehouse
- 1.5‑acre property
- On‑site water well
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
$13,088
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
3.27%
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%
$261,760
$261.8K
Cap Rate 7%
$186,971
$187.0K
Cap Rate 9%
$145,422
$145.4K
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
$22.7K $21.96/SF
− Vacancy
−$5.2K −$5.05/SF
EGI
$17.5K $16.91/SF
− OpEx
−$4.4K −$4.23/SF
NOI
$13.1K $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 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%
$261,760
Cap Rate 7%
$186,971
Cap Rate 9%
$145,422
Alternative Uses
Best Use
Industrial
$1.03M
$897.3K – $1.20M
NOI $71,782 @ 7.0% cap · market cap 17.95%
Second Best
Office B
$187.0K
$163.6K – $218.1K
NOI $13,088 @ 7.0% cap · market cap 3.27%
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
107
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 - Office and warehouse improvements occupy a 1.5-acre property with private water and septic systems.
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: Vintage cinder block office and warehouse; 1.5‑acre property; On‑site water well
