Warehouse Building with Dock
New
For Sale
$1,000,000
512 Palo Pinto St, Weatherford, TX 76086
Flexible industrial property with office areas, warehouse space, and multiple loading points.
Property Size12,000 SF
Lot Size1.92 Acres
Price / SF$79.29
Days on Market2
Property Features for 512 Palo Pinto St
General Information
Standard status
Active
Size
12,000 SF
Lot size
1.92 Acres
Warehouse & Industrial
Dock-High Doors
2
Drive-In Doors
1
Building Details
Year Built
1900
Buildings
1
Building Size
12,000 SF
Listing Agency:
CENTURY 21 Judge Fite Co.
Listed By:
Christy Caldwell · License #0757182
(828) 423-6893
Source:
Minteerteam
Added: Sep 7
Last Checked: Sep 7 at 8:20AM
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 CENTURY 21 Judge Fite Co.
Investment Insights
Based on property information with market context.
This warehouse property at 512 Palo Pinto Street includes 12,612 square feet within a versatile building on approximately 1.915 acres. The layout combines multiple front offices with a large rear area historically used for warehouse and production operations. Three roll-up doors support deliveries and material movement, including two dock-high doors and one ground-level entrance.
Constructed in 1900, the building was originally developed as a grocery store and later adapted for use by the Weatherford Democrat beginning in 1978. Its configuration includes substantial covered space and can accommodate warehouse, manufacturing, distribution, office, event, theater, or other commercial uses identified for the property.
Constructed in 1900, the building was originally developed as a grocery store and later adapted for use by the Weatherford Democrat beginning in 1978. Its configuration includes substantial covered space and can accommodate warehouse, manufacturing, distribution, office, event, theater, or other commercial uses identified for the property.
Key Highlights
- Approximately 1.915 acres
- 12,612 square feet of building area
- Three roll‑up doors: two dock‑high and one ground‑level
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
$87,702
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
8.77%
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%
$1,754,040
$1.8M
Cap Rate 7%
$1,252,886
$1.3M
Cap Rate 9%
$974,467
$974.5K
Market Conditions
NOI Build-Up for 12,612 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
$113.5K $9.00/SF
− Vacancy
−$10.3K −$0.82/SF
EGI
$103.2K $8.18/SF
− OpEx
−$15.5K −$1.23/SF
NOI
$87.7K $6.95/SF
Area
Parker County, TX
Vacancy
9.10%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
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%
$1,754,040
Cap Rate 7%
$1,252,886
Cap Rate 9%
$974,467
Alternative Uses
Best Use
Industrial
$12.53M
$10.97M – $14.62M
NOI $877,244 @ 7.0% cap · market cap 87.72%
Second Best
Flex RnD
$1.32M
$1.16M – $1.54M
NOI $92,471 @ 7.0% cap · market cap 9.25%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Dock-high doors
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,069
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 76086, TX
21,429
Population
9,689
Households
2.2
Avg Household Size
37
Median Age
22%
College-Educated
88%
High-School Grad
13.8 sq mi
ZIP Area
1,553
Density / Sq Mi
$61,415
Median Household Income
$38,347
Median Earnings
$1,389
Median Rent
$235,100
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.
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Frequently Asked Questions
What type of property is this?
Warehouse - Flexible industrial property with office areas, warehouse space, and multiple loading points.
Where is this warehouse located?
The property is located at 512 Palo Pinto St Weatherford, TX.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Approximately 1.915 acres; 12,612 square feet of building area; Three roll‑up doors: two dock‑high and one ground‑level
