Renovated Retail Space with Flexible
New
For Sale
$1,675,000
721 Ranch House Road, Willow Park, TX 76087
Updated commercial space offers multiple configurations, build-to-suit flexibility, and ample on-site parking.
Property Size7,123 SF
Price / SF$235.15
Days on Market2
Property Features for 721 Ranch House Road
General Information
Standard status
Active
Size
7,123 SF
Property subtype
Commercial
Zoning
COmmercial Office
Building Details
Building Size
7,123 SF
Year Built
2005
Stories
1
Units
20
Tenancy
Multi
Listing Agency:
eXp Realty, LLC
(817) 908-9567
Listed By:
Stacy Lynch · License #TX0329792
(817) 908-9567
Source:
Cuddrealtyinc
Added: Aug 10
Changed: Aug 11
Last Checked: Aug 11 at 7:32AM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
This retail property at 721 Ranch House Road in Willow Park provides 7,123 square feet of commercial space with a recently completed renovation. The layout can accommodate multiple suites, with subdivision options ranging from 1,000 to 7,000 square feet, along with build-to-suit planning for qualified occupants. Commercial Office zoning supports its intended commercial setting.
The property is positioned in a quiet Willow Park setting with plentiful parking. Built in 2005, the asset combines an established building footprint with updated interior space and flexible configuration options. The owner is a principal and licensed agent.
The property is positioned in a quiet Willow Park setting with plentiful parking. Built in 2005, the asset combines an established building footprint with updated interior space and flexible configuration options. The owner is a principal and licensed agent.
Key Highlights
- 7,123 SF property in Willow Park
- Recently renovated commercial interior
- Suite configurations from 1,000‑7,000 SF
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
$114,612
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
6.84%
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%
$2,292,240
$2.3M
Cap Rate 7%
$1,637,314
$1.6M
Cap Rate 9%
$1,273,467
$1.3M
Market Conditions
NOI Build-Up for 7,123 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
$171.8K $24.12/SF
− Vacancy
−$8.1K −$1.13/SF
EGI
$163.7K $22.99/SF
− OpEx
−$49.1K −$6.90/SF
NOI
$114.6K $16.09/SF
Area
Parker County, TX
Vacancy
4.70%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
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%
$2,292,240
Cap Rate 7%
$1,637,314
Cap Rate 9%
$1,273,467
Alternative Uses
Best Use
Retail
$1.64M
$1.43M – $1.91M
NOI $114,612 @ 7.0% cap · market cap 6.84%
Second Best
Office B
$1.29M
$1.13M – $1.51M
NOI $90,333 @ 7.0% cap · market cap 5.39%
Theoretical Best
Industrial
$7.08M
$6.19M – $8.26M
NOI $495,449 @ 7.0% cap · market cap 29.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
33
Businesses Nearby
Explore this area
Business Placement
Demographics for 76087, TX
33,346
Population
13,290
Households
2.5
Avg Household Size
41
Median Age
40%
College-Educated
92%
High-School Grad
185.5 sq mi
ZIP Area
180
Density / Sq Mi
$108,499
Median Household Income
$59,622
Median Earnings
$1,775
Median Rent
$352,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Updated commercial space offers multiple configurations, build-to-suit flexibility, and ample on-site parking.
Where is this retail space located?
The property is located at 721 Ranch House Road Willow Park, TX.
What is the asking price?
The asking price for this property is $1,675,000.
What are key features of this property?
This property features: 7,123 SF property in Willow Park; Recently renovated commercial interior; Suite configurations from 1,000‑7,000 SF
