Fenced Flex Space with
New
For Sale
$625,000
2950 Fm 920, Weatherford, TX 76088
Two-acre commercial property with a workshop, office, auxiliary dwelling, private well, and asphalt parking area.
Property Size2,650 SF
Lot Size2.00 Acres
Price / SF$235.85
Days on Market7
Property Features for 2950 Fm 920
General Information
Standard status
Active
Size
2,650 SF
Lot size
2.00 Acres
Property subtype
Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Additional Details
Asking Price
$625,000
Office Units
1
Taxes and HOA fees
Annual Taxes
$4,047
Amenities
A/C - Other
3
Asphalt.
Building Details
Year Built
2008
Listing Agency:
Jeanie Cosper, Broker
(254) 226-5263
Listed By:
Jeanie Cosper · License #0461574
(254) 226-5263
Source:
Xome
Added: Aug 22
Changed: Aug 28
Last Checked: Aug 28 at 7:21AM
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 Jeanie Cosper, Broker
Investment Insights
Based on property information with market context.
This 2-acre flex property includes a 2,650-square-foot improvement package built in 2008. The rear shop measures 45 by 50 feet and includes a car lift, while a small front office supports administrative use. A separate 400-square-foot, one-bedroom, one-bath tiny house adds on-site space that can serve as an office, lodging, or rental accommodation.
The property is positioned along FM 920, also identified as Peaster Highway, in an area described as having high traffic. A 6-foot metal fence encloses the site, and the paved front area provides parking. Water is supplied by a private well, and the parcel is outside the Weatherford city limits.
The property is positioned along FM 920, also identified as Peaster Highway, in an area described as having high traffic. A 6-foot metal fence encloses the site, and the paved front area provides parking. Water is supplied by a private well, and the parcel is outside the Weatherford city limits.
Key Highlights
- 2‑acre parcel with 2,650 SF of improvements
- 45 x 50 shop with car lift
- 400 sq ft one‑bedroom, one‑bath tiny house
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
$19,430
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
3.11%
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%
$388,600
$388.6K
Cap Rate 7%
$277,571
$277.6K
Cap Rate 9%
$215,889
$215.9K
Market Conditions
NOI Build-Up for 2,650 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
$31.8K $12.00/SF
− Vacancy
−$1.9K −$0.72/SF
EGI
$29.9K $11.28/SF
− OpEx
−$10.5K −$3.95/SF
NOI
$19.4K $7.33/SF
Area
Parker County, TX
Vacancy
6.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
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%
$388,600
Cap Rate 7%
$277,571
Cap Rate 9%
$215,889
Alternative Uses
Best Use
Industrial
$2.63M
$2.30M – $3.07M
NOI $184,324 @ 7.0% cap · market cap 29.49%
Second Best
Flex RnD
$277.6K
$242.9K – $323.8K
NOI $19,430 @ 7.0% cap · market cap 3.11%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
35
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 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 - Two-acre commercial property with a workshop, office, auxiliary dwelling, private well, and asphalt parking area.
Where is this flex space located?
The property is located at 2950 Fm 920 Weatherford, TX.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 2‑acre parcel with 2,650 SF of improvements; 45 x 50 shop with car lift; 400 sq ft one‑bedroom, one‑bath tiny house
