Mixed-Use Facility with
For Sale
$1,600,000
3577 N Fm 51, Weatherford, TX 76085
Flexible layout includes private offices, classrooms, meeting rooms, a full kitchen, and substantial storage.
Property Size6,814 SF
Lot Size5.01 Acres
Price / SF$237.04
Days on Market60
Property Features for 3577 N Fm 51
General Information
Standard status
Active
Size
6,814 SF
Lot size
5.01 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Asking Price
$1,600,000
Amenities
auditorium
private offices
classrooms
conference rooms
full kitchen
storage areas
Building Details
Year Built
1999
Buildings
1
Building Size
6,814 SF
Listing Agency:
The Michael Group Real Estate
Listed By:
Jolynn Hutchings · License #0689718
(214) 692-6400
Source:
Heritance
Added: Aug 17
Changed: Oct 6
Last Checked: Oct 7 at 1:09PM
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 The Michael Group Real Estate
Investment Insights
Based on property information with market context.
Built in 1999, this 6,814 SF mixed-use facility occupies 5.01 acres and is arranged for varied commercial operations. Interior improvements include a 2,500 SF auditorium, private offices, classrooms, two conference rooms, a full kitchen, and storage areas. Monument signage is also in place.
The property is located at 3577 N FM 51 in Weatherford, approximately six miles north of I-20, with about 750 feet of frontage along FM 51. It sits outside city limits and uses well and septic systems. Substantial excess land provides room for additional buildings, outdoor storage, or expansion of the existing facility.
The property is located at 3577 N FM 51 in Weatherford, approximately six miles north of I-20, with about 750 feet of frontage along FM 51. It sits outside city limits and uses well and septic systems. Substantial excess land provides room for additional buildings, outdoor storage, or expansion of the existing facility.
Key Highlights
- 6,814 SF facility on 5.01 acres
- 2,500 SF auditorium with private offices and classrooms
- Two conference rooms, full kitchen, and substantial storage areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,150
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,863,000
$1.9M
Cap Rate 7%
$1,330,714
$1.3M
Cap Rate 9%
$1,035,000
$1.0M
Market Conditions
NOI Build-Up for 6,750 SF
Gross rent
$162.0K $24.00/SF
− Vacancy
−$13.0K −$1.92/SF
EGI
$149.0K $22.08/SF
− OpEx
−$55.9K −$8.28/SF
NOI
$93.2K $13.80/SF
Area
Parker County, TX
Vacancy
8.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,863,000
Cap Rate 7%
$1,330,714
Cap Rate 9%
$1,035,000
Alternative Uses
Best Use
Mixed Use
$1.33M
$1.16M – $1.55M
NOI $93,150 @ 7.0% cap · market cap 5.82%
Second Best
Office B
$1.22M
$1.07M – $1.43M
NOI $85,603 @ 7.0% cap · market cap 5.35%
Theoretical Best
Industrial
$6.71M
$5.87M – $7.83M
NOI $469,505 @ 7.0% cap · market cap 29.34%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
50
Businesses Nearby
Explore this area
Business Placement
Demographics for 76085, TX
12,249
Population
4,027
Households
3
Avg Household Size
41
Median Age
20%
College-Educated
84%
High-School Grad
65.3 sq mi
ZIP Area
188
Density / Sq Mi
$102,014
Median Household Income
$41,911
Median Earnings
$1,699
Median Rent
$357,900
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible layout includes private offices, classrooms, meeting rooms, a full kitchen, and substantial storage.
Where is this mixed-use property located?
The property is located at 3577 N Fm 51 Weatherford, TX.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 6,814 SF facility on 5.01 acres; 2,500 SF auditorium with private offices and classrooms; Two conference rooms, full kitchen, and substantial storage areas
