Mixed-Use Property with Vehicle
5989 N FM 51 Highway N, Weatherford, TX 76085
For Sale
$3,000,000
CommercialSale, Weatherford, TX
Property Size20,000 SF
Lot Size4.25 Acres
Price / SF$150
Days on Market50
Property Features for 5989 N FM 51 Highway N
General Information
Property type
Property subtype
Property condition
Zoning description
Parking features
Security features
Accessibility
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Tenancy & Operations
Tenant in Place
Real Estate Included
Additional Details
Automotive Uses
Property Use
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Amenities
office spaces
restrooms
maintenance materials storage
covered carports
hospitality suite
kitchen
dining area
full bar area
outdoor dining and dancing area
covered band stand
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Exclusive Real Estate Services
Listed By:
Marilyn Carter · License TX #0257944
(682) 225-7585
Added: Sep 25
Changed: Oct 29
Last Checked: Nov 13 at 8:06PM
MLS# 21079447
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.
At 5989 N FM 51 Highway N in Weatherford, this mixed-use property includes two climate-controlled vehicle buildings measuring 5,000 square feet and 4,000 square feet. Each has office space, overhead doors, restrooms, and dedicated storage for maintenance materials. Covered exterior carports provide additional vehicle display space, alongside concrete parking areas. The listing reports a total property size of 20,000 square feet on 4.25 acres.
A separate freestanding hospitality building contains a kitchen, dining and reception areas, a bar, restrooms, and an outdoor gathering area with a covered bandstand. An additional 2-acre parking area on adjacent property has a graded and paved road and capacity for approximately 300 cars. A brick home on that parcel is rented month to month. The seller may lease back the restaurant and one building on a long-term basis.
A separate freestanding hospitality building contains a kitchen, dining and reception areas, a bar, restrooms, and an outdoor gathering area with a covered bandstand. An additional 2-acre parking area on adjacent property has a graded and paved road and capacity for approximately 300 cars. A brick home on that parcel is rented month to month. The seller may lease back the restaurant and one building on a long-term basis.
Key Highlights
- Two climate‑controlled vehicle buildings: 5,000 sq ft and 4,000 sq ft
- Each vehicle building has offices, overhead doors, restrooms, and maintenance‑material storage
- Separate hospitality building with kitchen, dining, reception, bar, and restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$139,077
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,781,540
$2.8M
Cap Rate 7%
$1,986,814
$2.0M
Cap Rate 9%
$1,545,300
$1.5M
Market Conditions
NOI Build-Up for 20,000 SF
Gross rent
$180.0K $9.00/SF
− Vacancy
−$16.4K −$0.82/SF
EGI
$163.6K $8.18/SF
− OpEx
−$24.5K −$1.23/SF
NOI
$139.1K $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 Rate 5%
$2,781,540
Cap Rate 7%
$1,986,814
Cap Rate 9%
$1,545,300
Alternative Uses
Best Use
Retail
$4.60M
$4.02M – $5.36M
NOI $321,809 @ 7.0% cap · market cap 10.73%
Second Best
Mixed Use
$4.34M
$3.80M – $5.06M
NOI $303,750 @ 7.0% cap · market cap 10.13%
Theoretical Best
Multifamily LT 5
$5.02M
$4.40M – $5.86M
NOI $351,670 @ 7.0% cap · market cap 11.72%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3
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 Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two climate-controlled buildings pair vehicle storage and service areas with a separate hospitality facility.
Where is this mixed-use property located?
The property is located at 5989 N FM 51 Highway N Weatherford, TX.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Two climate‑controlled vehicle buildings: 5,000 sq ft and 4,000 sq ft; Each vehicle building has offices, overhead doors, restrooms, and maintenance‑material storage; Separate hospitality building with kitchen, dining, reception, bar, and restrooms
