Flex Space with Warehouse
For Sale
$19,100,000
2500 IH-20 Frontage, Weatherford, TX 76087
CommercialSale, Weatherford, TX
Property Size9,000 SF
Lot Size17.76 Acres
Price / SF$2,122
Days on Market28
Property Features for 2500 IH-20 Frontage
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Currently Ag
Subdivision
Huggins
Lot features
Acreage, Agricultural, Cleared, Greenbelt, Irregular Lot, Level, Rolling Slope, Many Trees
Directions
East bound side of Ih-20 off of the Service Road near Center Point.
Standard status
Active
APN
R000013100
Lot size
17.76 Acres
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Well
Building Details
Year built
1997
Floors in Building
2
Number of units
1
Flooring type
Concrete
Building materials
MetalSiding
Roof type
Metal
Listing Agency:
Atkins & Co.
(817) 441-7679
Listed By:
Ryan Atkins · License #0604698
(817) 296-2679
Added: Jul 26
Changed: Aug 21
Last Checked: Aug 22 at 11:06PM
MLS# 21192713
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.
This flex-space property in Weatherford includes approximately 12,000 SF of warehouse and storage improvements alongside approximately 9,000 SF of office, showroom, or flexible-use space. The warehouse features 20' ceilings, 12'x12' grade-level roll-up doors, concrete flooring, metal siding, and a metal roof. Electrical service includes 120, 240, and 208 three-phase power. Central heating and central air serve the improvements.
The property occupies 17.759 acres along the IH-20 service road and provides approximately 1850 feet of frontage. Costco and the future site of Sprouts are located across the highway. Water is supplied by a well, with septic service on site. Constructed in 1997, the property may be divided and sold separately in 5 tracts, as shown by the survey.
The property occupies 17.759 acres along the IH-20 service road and provides approximately 1850 feet of frontage. Costco and the future site of Sprouts are located across the highway. Water is supplied by a well, with septic service on site. Constructed in 1997, the property may be divided and sold separately in 5 tracts, as shown by the survey.
Key Highlights
- 17.759‑acre flex‑space property along the IH‑20 service road
- Approximately 12,000 SF of warehouse and storage space
- Approximately 9,000 SF of office, showroom, or flexible‑use space
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
$626,007
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
3.28%
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%
$12,520,140
$12.5M
Cap Rate 7%
$8,942,957
$8.9M
Cap Rate 9%
$6,955,633
$7.0M
Market Conditions
NOI Build-Up for 9,000 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
$990.4K $110.04/SF
− Vacancy
−$96.1K −$10.67/SF
EGI
$894.3K $99.37/SF
− OpEx
−$268.3K −$29.81/SF
NOI
$626.0K $69.56/SF
Area
Parker County, TX
Vacancy
9.70%
Lease Rate
$110.04 /SF/Yr
Expense Ratio
30.00%
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%
$12,520,140
Cap Rate 7%
$8,942,957
Cap Rate 9%
$6,955,633
Alternative Uses
Best Use
Industrial
$8.94M
$7.83M – $10.43M
NOI $626,007 @ 7.0% cap · market cap 3.28%
Second Best
Office B
$1.63M
$1.43M – $1.90M
NOI $114,137 @ 7.0% cap · market cap 0.60%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
148
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76087, TX
33,346
Population
13,290
Households
2.5
Avg Household Size
41
Median Age
40%
College-Educated
92%
High-School Grad
185.5 sq mi
ZIP Area
180
Density / Sq Mi
$108,499
Median Household Income
$59,622
Median Earnings
$1,775
Median Rent
$352,000
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 - Flexible commercial property combines warehouse, office, showroom, and storage areas on an IH-20 service-road site.
Where is this flex space located?
The property is located at 2500 IH-20 Frontage Weatherford, TX.
What is the asking price?
The asking price for this property is $19,100,000.
What are key features of this property?
This property features: 17.759‑acre flex‑space property along the IH‑20 service road; Approximately 12,000 SF of warehouse and storage space; Approximately 9,000 SF of office, showroom, or flexible‑use space
