Flex Property with Fenced
3008 Ranger Highway, Weatherford, TX 76088
For Sale
$2,749,000
Under Contract
CommercialSale, Weatherford, TX
Property Size20,506 SF
Lot Size10.31 Acres
Price / SF$134.06
Days on Market119
Property Features for 3008 Ranger Highway
General Information
Property type
Property subtype
Zoning description
Parking features
Subdivision
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Cornerstone Home and Ranch, LL
(940) 452-7242
Listed By:
Jenna Sims · License TX #0679015
(940) 452-7915
Added: Jul 18
Changed: Nov 10
Last Checked: Nov 13 at 8:06PM
MLS# 21002886
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.
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Investment Insights
Based on property information with market context.
This 10.31-acre flex property in Weatherford contains 20,506 square feet across six freestanding metal buildings. The improvements include three 3,200-square-foot shop and office buildings constructed in 2016, a 5,500-square-foot clear-span shop, a 2,250-square-foot warehouse, and a 1,650-square-foot standalone office built in 2012. A 30-by-30-foot wash bay added in 2015 has floor drains and two tanks. Buildings are individually metered; most have single-phase power, while Shop 6 has three-phase service. The site also has two private wells, six septic systems, a fenced perimeter, paved parking, and multiple access points.
The property is adjacent to a power substation and located half a mile from I-20. It is less than 35 miles from downtown Fort Worth. The property is partially owner-occupied and can be delivered vacant at closing. The adjacent substation does not establish available capacity or service for any particular use; buyers should conduct their own feasibility review.
The property is adjacent to a power substation and located half a mile from I-20. It is less than 35 miles from downtown Fort Worth. The property is partially owner-occupied and can be delivered vacant at closing. The adjacent substation does not establish available capacity or service for any particular use; buyers should conduct their own feasibility review.
Key Highlights
- 10.31 acres with 20,506 square feet of improvements
- Six freestanding metal buildings, including shops, office space, and a warehouse
- Three 3,200‑square‑foot shop and office buildings were built in 2016
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$150,350
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,007,000
$3.0M
Cap Rate 7%
$2,147,857
$2.1M
Cap Rate 9%
$1,670,556
$1.7M
Market Conditions
NOI Build-Up for 20,506 SF
Gross rent
$246.1K $12.00/SF
− Vacancy
−$14.8K −$0.72/SF
EGI
$231.3K $11.28/SF
− OpEx
−$81.0K −$3.95/SF
NOI
$150.3K $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 Rate 5%
$3,007,000
Cap Rate 7%
$2,147,857
Cap Rate 9%
$1,670,556
Alternative Uses
Best Use
Flex RnD
$2.15M
$1.88M – $2.51M
NOI $150,350 @ 7.0% cap · market cap 5.47%
Second Best
Warehouse
$2.04M
$1.78M – $2.38M
NOI $142,596 @ 7.0% cap · market cap 5.19%
Theoretical Best
Multifamily LT 5
$5.15M
$4.51M – $6.01M
NOI $360,567 @ 7.0% cap · market cap 13.12%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
81
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
$374,900
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Weatherford, TX
Properties on Market for Flex space in Weatherford
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Six separate buildings, individual utility meters, and multiple site entrances support a flexible property layout.
Where is this flex space located?
The property is located at 3008 Ranger Highway Weatherford, TX.
What is the asking price?
The asking price for this property is $2,749,000.
What are key features of this property?
This property features: 10.31 acres with 20,506 square feet of improvements; Six freestanding metal buildings, including shops, office space, and a warehouse; Three 3,200‑square‑foot shop and office buildings were built in 2016
