Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1235 Mineral Wells Hwy Weatherford, TX 76086
    Back to Search
    Property profile & analytics

    1235 Mineral Wells Hwy Weatherford, TX 76086

    View on Map
    • Retail properties & Spaces
    • 1,500 SF
    • 0.26 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • West Side Washateria / (Bike/Boat/Book/etc) Store

    Property Details for 1235 Mineral Wells Hwy

    Year built
    1971
    Lot size
    0.26 lot acres
    Property size
    1,500 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This fully operational laundromat in Weatherford, Texas, presents a unique owner-user or investment opportunity. Located at 1235 Mineral Wells Hwy, 76086, this 1,500 square foot, single-story building sits on a 0.256-acre lot and boasts a 100% occupancy rate. Completely renovated in 2023, the property features newly installed HVAC, LED lighting, ceiling fans, fresh interior and exterior paint, a new change machine, a state-of-the-art 24-hour HD video security system, new folding tables, and large all-gas dryers. The building, constructed in 1971, is zoned for commercial use and offers significant potential for expansion due to its prime location and established clientele. The asking price is $399,000, representing a price per square foot of $266. Financial information, including Profit & Loss statements, is available upon request. This turnkey operation includes the property, building, and all business assets. The current Net Operating Income (NOI) is $2,500, resulting in a 0.63% cap rate. This is an exceptional opportunity to acquire a profitable, established business with significant upside potential.

    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
    -97.8176
    Latitude
    32.7591

    Comparable in this City

    • Value Estimation by Request
      9,240 SF

      1501 Bankhead Hwy

      Individual retail properties • 9,240 SF
      1501 Bankhead Hwy, Weatherford, TX 76086
      View Details
    • Value Estimation
      $980,000
      14,980 SF

      735 Adams Dr

      RETAIL STORES (PERSONAL SERVICES) • 14,980 SF
      735 Adams Dr, Weatherford, TX 76086-6277
      View Details
    • Value Estimation
      $6,880,000
      55,112 SF

      1314 Main St

      RETAIL STORES (PERSONAL SERVICES) • 55,112 SF
      1314 Main St, Weatherford, TX 76086-5529
      View Details
    • Value Estimation by Request
      2,965 SF

      1111 Ft Worth Hwy

      RETAIL STORES (PERSONAL SERVICES) • 2,965 SF
      1111 Ft Worth Hwy, Weatherford, TX 76086-4527
      View Details
    • Value Estimation by Request
      3,265 SF

      1405 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,265 SF
      1405 Main St, Weatherford, TX 76086-5530
      View Details
    • Value Estimation
      $545,000
      4,500 SF

      2020 Main St

      RETAIL STORES (PERSONAL SERVICES) • 4,500 SF
      2020 Main St, Weatherford, TX 76086-5583
      View Details

    Similar Nearby for Sale

    • $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
    • Contact for pricing
      2,500 SF

      Renovated Retail Property on Main

      Renovated retail property with great signage and visibility.
      118 S Main St, Weatherford, TX 76086
      View Details
    • $269,000
      0.16 Acres

      Retail Opportunity Near Downtown Weatherford

      Retail space near downtown Weatherford with existing infrastructure.
      105 Eureka St, Weatherford, TX 76086
      View Details
    • $650,000
      0.39 Acres

      Weatherford Corner Lot Retail Building

      Retail building on a corner lot with ample parking.
      1301 N Main St, Weatherford, TX 76086
      View Details
    • $1,279,500
      8,802 SF

      Historic Building on Weatherford Square

      Two-story historic property in a high-visibility downtown location.
      101 College Ave, Weatherford, TX 76086
      View Details
    • $650,000
      1,653 SF

      Weatherford Retail Corner Lot

      Commercial retail property on a corner lot in Weatherford, TX.
      1301 N Main St, 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
      2,401 SF

      Retail Space in Weatherford Village

      Retail space available in Weatherford Village at a prime location.
      302-316 S Main St, Weatherford, TX 76086
      View Details
    • $2,450 /Mo
      65,340 SF

      Versatile Retail Strip Suite

      Commercial suite in Weatherford, suitable for various business uses.
      1414 S Main St, Weatherford, TX 76086
      View Details
    • Contact for pricing
      2,700 SF

      Retail Building Near Weatherford High

      2,700 SF retail building with excellent visibility and access.
      902 S Main St, Weatherford, TX 76086
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space on Fort Worth Hwy

      2500 sq ft retail space suitable for various businesses.
      1508 Fort Worth Hwy, Weatherford, TX 76086
      View Details
    • Contact for pricing
      2,178 SF

      Retail Space in Weatherford, TX

      2,178 SF retail space available for rent.
      138 College Park Dr, 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.
    1235 Mineral Wells Hwy
    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
    1235 Mineral Wells Hwy, 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!