Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    706 Main St Weatherford, TX 76086
    Back to Search
    Property profile & analytics

    706 Main St Weatherford, TX 76086

    View on Map
    • Land
    • 0.47 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 706 Main St

    Lot size
    0.47 lot acres
    Property type
    Land

    Description

    This exceptional 0.47-acre commercial land parcel presents a remarkable investment opportunity in the thriving city of Weatherford, Texas. Located at the highly visible corner of South Main Street, this property boasts exceptional visibility and accessibility, ensuring maximum exposure for any commercial venture. The C1 zoning designation allows for a wide range of commercial uses, providing flexibility for potential buyers. Situated at 706-710 S Main St, Weatherford, TX 76086, this property is ideally positioned within Parker County, benefiting from the area's robust economic growth and strong community presence. The address offers easy access to major transportation routes, ensuring convenient access for customers and employees alike. With its strategic location and versatile zoning, this land parcel is perfectly suited for a variety of commercial developments, making it an attractive investment for both established businesses and ambitious entrepreneurs. The asking price of $425,000 reflects the significant value and potential of this prime commercial real estate. Don't miss this chance to acquire a highly desirable property in a rapidly growing Texas market. The latitude and longitude coordinates are 32.751606, -97.798133 respectively.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Weatherford
    County
    Parker
    State
    Texas
    Longitude
    -97.7981
    Latitude
    32.7516

    Comparable in this City

    • Value Estimation by Request
      1.32 Acres

      1801-5 Fort Worth Hwy

      Land • 1.32 Acres
      1801-5 Fort Worth Hwy, Weatherford, TX 76086
      View Details
    • Value Estimation by Request
      6.68 Acres

      I-20 Service Rd

      Land • 6.68 Acres
      I-20 Service Rd, Weatherford, TX 76086
      View Details
    • Value Estimation by Request
      1.95 Acres

      1801-3 Cutters Way

      Land • 1.95 Acres
      1801-3 Cutters Way, Weatherford, TX 76086
      View Details
    • Value Estimation by Request
      6.68 Acres

      Tbd I-20 Hwy

      Land • 6.68 Acres
      0 Tbd I-20 Hwy, Weatherford, TX 76086
      View Details
    • Value Estimation by Request
      2,158 SF

      205 Line St

      Distribution properties • 2,158 SF
      205 Line St, Weatherford, TX 76086
      View Details
    • Value Estimation by Request
      6.56 Acres

      112 Cleburne Ave

      Land • 6.56 Acres
      112 Cleburne Ave, Weatherford, TX 76086
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land Available for Sale

      Land available for sale.
      Santa Fe Dr & Hilltop Dr, Weatherford, TX 76086
      View Details
    • $170,000
      5.02 Acres

      Unimproved Land in Weatherford, Texas

      5.02 acres of land for sale in Weatherford, TX.
      3001 Turkey Ct, Weatherford, TX 76086
      View Details
    • $723,532
      1.51 Acres

      1801-6 Fort Worth Highway

      Land • 1.51 Acres
      1801 Fort Worth Hwy, Weatherford, TX 76086
      View Details
    • Contact for pricing
      5.60 Acres

      Weatherford Commercial Land - 5.6 Acres

      Prime C1-zoned land near I-20. Excellent development opportunity.
      0 Main St, Weatherford, TX 76086
      View Details
    • $3,200,000
      7.36 Acres

      Weatherford Commercial Land & Building

      7.35 acres, 7,500 sq ft building, C1 zoning.
      2020 Fort Worth Hwy, Weatherford, TX 76086
      View Details
    • $9,205,104

      Land For Sale

      Land available for purchase in Weatherford, Texas.
      2026 Bay Laurel Dr, Weatherford, TX 76086
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,800 SF

      Main Street Plaza Retail Space

      2,800 sq ft retail space in Weatherford, TX
      1314 S Main St, Weatherford, TX 76086, Weatherford, TX 76086
      View Details
    • Contact for pricing
      1,200 SF

      Renovated Office Space Available

      1,200 SF office space in renovated shopping center.
      1115 Fort Worth Hwy, Weatherford, TX 76086
      View Details
    • Contact for pricing
      29,204 SF

      Retail Center in Parker County

      151,028 SF shopping center with large parking field.
      102-158 College Park Dr, Weatherford, TX 76086
      View Details
    • Contact for pricing
      12,000 SF

      Weatherford Office Space Available

      3,660 SF office space for lease, move-in ready.
      1880 Santa Fe Dr, Weatherford, TX 76086
      View Details
    • $1,250 /Mo
      4,621 SF

      Flexible Office Space Available

      Unique office spaces with utilities included in Weatherford, Texas.
      203 N Main St, Weatherford, TX 76086
      View Details
    • Contact for pricing

      Retail Space Available for Lease

      Retail space available for lease.
      1228 Ranger Hwy, Weatherford, TX 76086
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    706 Main St
    Weatherford, TX 76086
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    706 Main St, Weatherford, TX, 76086
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!