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Medical/Office Space Near I-20

2614 E Bankhead Hwy, Weatherford, TX

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For Sale

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8,750 SF medical/office space with income potential and easy access.

Type:OFFICE

Property size:

8,750 SF

Lot size:

0.95 Acres

Price / SF:

$231/SF

HighLights

Income potential from existing leased portion.
Newly renovated vacant space ready for immediate occupancy.
Easy access to I‑20.
Flexibility to convert to traditional office space.
Suitable for owner‑user.
Great parking.

We can help!

Listing Contact

Michael Langford

For Sale

Contact for pricing

8,750 SF medical/office space with income potential and easy access.

Type:OFFICE

Property size:

8,750 SF

Lot size:

0.95 Acres

Price / SF:

$231/SF

Added:: Jan 17, 2024
Days on Market:: 882
Last Refresh:: May 19 at 11:05 pm

Property Features for 2614 E Bankhead Hwy

General Information

Standard status: Active
Size: 8,750 SF
Lot size: 0.95 Acres
Property subtype: OFFICE

We can help!

Listing Contact

Michael Langford

Listing agent Michael Langford License #0574473

Listing office RE/MAX - Orr & Associates Real Estate

Listing date Jan 17, 2024

Source Moodyscre

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 RE/MAX - Orr & Associates Real Estate

HighLights

Income potential from existing leased portion.
Newly renovated vacant space ready for immediate occupancy.
Easy access to I‑20.
Flexibility to convert to traditional office space.
Suitable for owner‑user.
Great parking.

Overview

Located off I-20 W, this 8,750 square foot property offers easy access and flexibility of space. A portion of the property is currently leased, providing income potential. The vacant space has been recently renovated. The property is set up as medical office space but can be easily converted to traditional office use. The property is suitable for an owner-user and features great parking.

Local Financial Insights For Healthcare Medical

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$227.9k	$26.04
− Vacancy	−$25.1k	−$2.86
EGI	$202.8k	$23.18
− OpEx	−$81.1k	−$9.27
NOI	$121.7k	$13.91

8,750 SF · lease $26.04/SF/yr · vacancy 11.00% · expense 40.00%

Alternative Uses

Best Use

Healthcare Medical

$1.74M

$1.52M – $2.03M (±1% cap)

NOI $121,672 @ 7.0% cap · market cap 6.01%

Second Best

Office B

$1.59M

$1.39M – $1.85M (±1% cap)

NOI $110,967 @ 7.0% cap · market cap 5.48%

Theoretical Best

Industrial

$8.69M

$7.61M – $10.14M (±1% cap)

NOI $608,617 @ 7.0% cap · market cap 30.06%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Cholleti Raja R ... Physician Dr. Guduru R. ... Physician Medical & Heart Center Medical Clinic Guduru Ramana Reddy Physician

Suggested Use

Location Insight

Map
Local Demand

City: Weatherford
County: Parker
State: Texas
Longitude: -97.7419
Latitude: 32.7415

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What type of property is this?

Medical Office Space - 8,750 SF medical/office space with income potential and easy access.

Where is this medical office space located?

The property is located at 2614 E Bankhead Hwy Weatherford, TX.

What is the asking price?

The asking price for this property is $2,025,000.

What are key features of this property?

This property features: Income potential from existing leased portion.; **Newly renovated vacant space** ready for immediate occupancy.; Easy access to I‑20.

2614 E Bankhead Hwy, Weatherford, TX

8,750 SF medical/office space with income potential and easy access.

Property Features for 2614 E Bankhead Hwy

General Information

We can help!

HighLights

Overview

Local Financial Insights For Healthcare Medical

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Flex Industrial Warehouse with Yard

Historic Two-Story Mixed-Use Building

Leased NNN Retail Strip Center

High-Visibility Event Venue Property

Industrial Warehouse with Office

Wedding and Event Venue Property

Fully Improved Flex Industrial Yard

Flex Workshop with Fenced Yard

Updated Office Building with Multiple Entrances

Vintage Cinder Block Office-Warehouse

Multi-Building Apartment Investment

Historic Office Building Conversion

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