Self-Storage Facility with
New
For Sale
$350,000
9990 Mineral Wells Highway, Weatherford, TX 76088
The property combines storage units, a commercial workshop, and a one-bedroom home along US 180.
Property Size3,800 SF
Lot Size1.12 Acres
Price / SF$92.11
Days on Market3
Property Features for 9990 Mineral Wells Highway
General Information
Standard status
Active
Size
3,800 SF
Lot size
1.12 Acres
Property subtype
Commercial
Property Condition
Severity
Repairs Needed
Evidence
fixer upper
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Self-Storage Units
35
Building Details
Year Built
2014
Listing Agency:
EQUISTAR PROPERTIES
Listed By:
ROBERT PETERSEN (940) 391-7899 · License #0449927
(940) 682-4054
Source:
Granburyhomefinder
Added: Oct 11
Changed: Oct 13
Last Checked: Oct 13 at 2:09AM
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 EQUISTAR PROPERTIES
Investment Insights
Based on property information with market context.
This 3,800-square-foot property on US 180 includes a 35-unit self-storage facility, an 1,800-square-foot commercial workshop, and a 600-square-foot, one-bedroom, one-bathroom home described as a fixer-upper. Four storage units are occupied. The workshop can serve an owner’s business or be leased separately, while the existing mix also includes a residential component.
The property comprises 1.118 acres at 9990 Mineral Wells Highway in Weatherford, between Weatherford and Mineral Wells. Four ingress-egress options provide access to the site. The open land is identified as potentially suitable for boat and RV parking expansion.
The property comprises 1.118 acres at 9990 Mineral Wells Highway in Weatherford, between Weatherford and Mineral Wells. Four ingress-egress options provide access to the site. The open land is identified as potentially suitable for boat and RV parking expansion.
Key Highlights
- 35 storage units: 31 measuring 10x10 and 4 measuring 5x5
- Four units currently occupied
- 1,800‑square‑foot commercial workshop
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,716
Cap Rate
9.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$634,320
$634.3K
Cap Rate 7%
$453,086
$453.1K
Cap Rate 9%
$352,400
$352.4K
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$49.2K $12.96/SF
− Vacancy
−$3.9K −$1.04/SF
EGI
$45.3K $11.92/SF
− OpEx
−$13.6K −$3.58/SF
NOI
$31.7K $8.35/SF
Area
Parker County, TX
Vacancy
8.00%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$634,320
Cap Rate 7%
$453,086
Cap Rate 9%
$352,400
Alternative Uses
Best Use
Mixed Use
$749.1K
$655.5K – $874.0K
NOI $52,440 @ 7.0% cap · market cap 14.98%
Second Best
Self Storage
$453.1K
$396.5K – $528.6K
NOI $31,716 @ 7.0% cap · market cap 9.06%
Theoretical Best
Industrial
$3.78M
$3.30M – $4.41M
NOI $264,314 @ 7.0% cap · market cap 75.52%
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
22
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Self storage facility - The property combines storage units, a commercial workshop, and a one-bedroom home along US 180.
Where is this self storage facility located?
The property is located at 9990 Mineral Wells Highway Weatherford, TX.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 35 storage units: 31 measuring 10x10 and 4 measuring 5x5; Four units currently occupied; 1,800‑square‑foot commercial workshop
