Fully Occupied Business
For Sale
$5,250,000
2399 N Fm 51, Weatherford, TX 76085
Income-producing business park with expansion potential on 11.13 acres.
Property Size43,640 SF
Lot Size11.13 Acres
Price / SF$120.30
Days on Market105
Property Features for 2399 N Fm 51
General Information
Standard status
Active
Size
43,640 SF
Lot size
11.13 Acres
Property subtype
Commercial
Building Details
Year Built
2024
Listing Agency:
Kirkpatrick Realty
(817) 374-9721
Listed By:
Krayton Kirkpatrick · License #0621854
(817) 374-9721
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Aug 3 at 1:34PM
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 Kirkpatrick Realty
Investment Insights
Based on property information with market context.
This fully occupied business park is an income-producing property with a cap rate of 8 percent. Situated on an 11.13-acre tract of land, the property offers potential for additional buildings or warehouses. The property comprises 13 units, ranging in size from 1,500 square feet to 5,000 square feet. Each unit includes office space, a bathroom, and warehouse shop space with roll-up doors. The property is serviced by a private water well and septic system. The property contains 43,640 square feet of flex space, industrial properties, warehouses, office units, office properties and spaces, and commercial real estate.
Key Highlights
- Income‑producing business park with an 8% cap rate
- Fully occupied with 13 units**
- Potential for additional buildings or warehouses on 11.13‑acre tract
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $523.7k | $12.00 |
| − Vacancy | −$31.4k | −$0.72 |
| EGI | $492.3k | $11.28 |
| − OpEx | −$172.3k | −$3.95 |
| NOI | $320.0k | $7.33 |
43,640 SF · lease $12.00/SF/yr · vacancy 6.00% · expense 35.00%
Alternative Uses
Best Use
Industrial
$43.36M
$37.94M – $50.59M
NOI $3,035,436 @ 7.0% cap · market cap 57.82%
Second Best
Flex RnD
$4.57M
$4.00M – $5.33M
NOI $319,968 @ 7.0% cap · market cap 6.09%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
169
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76085, TX
12,249
Population
4,027
Households
3
Avg Household Size
41
Median Age
20%
College-Educated
84%
High-School Grad
65.3 sq mi
ZIP Area
188
Density / Sq Mi
$102,014
Median Household Income
$41,911
Median Earnings
$1,699
Median Rent
$357,900
Median Home Value
Market
Vacancy Rate% for Industrial 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 - Income-producing business park with expansion potential on 11.13 acres.
Where is this flex space located?
The property is located at 2399 N Fm 51 Weatherford, TX.
What is the asking price?
The asking price for this property is $5,250,000.
What are key features of this property?
This property features: Income‑producing business park with an **8% cap rate**; Fully occupied with 13 units**; Potential for additional buildings or warehouses on 11.13‑acre tract
