Fenced Flex Industrial
For Sale
Under Contract
$2,749,000
3008 Ranger Highway, Weatherford, TX 76088
CommercialSale, Weatherford, TX
Property Size20,506 SF
Lot Size10.31 Acres
Price / SF$134.06
Days on Market52
Property Features for 3008 Ranger Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Outside of City Limits
Parking features
Paved or Surfaced
Subdivision
BUSTER M W
Directions
From I-20 in Weatherford, travel west. Exit 403. Turn right at stop sign. Turn right on Ranger Hwy. Property will be on your left.
Standard status
Active Under Contract
APN
R000063702
Lot size
10.31 Acres
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Well
Building Details
Year built
2010
Floors in Building
1
Number of units
6
Flooring type
Concrete, Vinyl
Building materials
MetalSiding
Roof type
Metal
Listing Agency:
Cornerstone Home and Ranch
(940) 452-7915
Listed By:
Jenna Sims · License #0679015
(940) 327-7030
Added: Jul 18
Changed: Sep 6
Last Checked: Sep 7 at 6:06PM
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.
Investment Insights
Based on property information with market context.
This flex industrial property spans 10.31 acres and includes six freestanding metal buildings. Improvements comprise 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 wash bay added in 2015 includes floor drains and two dedicated tanks. Concrete and vinyl flooring, central heating and central air, metal roofing, and paved or surfaced parking are also present.
The site is adjacent to a major power substation and approximately half a mile from I-20, with less than 35 miles to downtown Fort Worth. Most of the property has 2-phase power, while Shop 6 has 3-phase service; buildings are individually metered. Two private water wells, six septic systems, a fully fenced perimeter, multiple access points, and flexible yard space support the compound’s operating layout. The property is partially owner-occupied and may be delivered vacant at closing.
The site is adjacent to a major power substation and approximately half a mile from I-20, with less than 35 miles to downtown Fort Worth. Most of the property has 2-phase power, while Shop 6 has 3-phase service; buildings are individually metered. Two private water wells, six septic systems, a fully fenced perimeter, multiple access points, and flexible yard space support the compound’s operating layout. The property is partially owner-occupied and may be delivered vacant at closing.
Key Highlights
- 10.31‑acre flex industrial property with six freestanding metal buildings
- Three 3,200‑square‑foot shop and office buildings built in 2016
- 5,500‑square‑foot clear‑span shop plus 2,250‑square‑foot warehouse
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
$150,350
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
5.47%
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%
$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
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
$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 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%
$3,007,000
Cap Rate 7%
$2,147,857
Cap Rate 9%
$1,670,556
Alternative Uses
Best Use
Industrial
$20.38M
$17.83M – $23.77M
NOI $1,426,321 @ 7.0% cap · market cap 51.89%
Second Best
Office B
$3.72M
$3.25M – $4.33M
NOI $260,055 @ 7.0% cap · market cap 9.46%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road 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
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 - Multiple freestanding buildings include shop, warehouse, office, and wash-bay improvements.
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‑acre flex industrial property with six freestanding metal buildings; Three 3,200‑square‑foot shop and office buildings built in 2016; 5,500‑square‑foot clear‑span shop plus 2,250‑square‑foot warehouse
