Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1860 Santa Fe Dr Weatherford, TX 76086
    Property profile & analytics

    1860 Santa Fe Dr, Weatherford, TX 76086

    View on Map
    • Commercial real estate
    • 2.98 lot acres
    For Sale
    $1,950,000
    View Listing →
    Weatherford Commercial Land Investment For Sale
    $1,950,000

    Weatherford Commercial Land Investment

    Prime 2.98-acre commercial lot

    1860 Santa Fe Dr, Weatherford, TX 76086
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1860 Santa Fe Dr

    Lot size
    2.98 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 2.98-acre unimproved commercial land parcel is situated on Santa Fe Drive, a major thoroughfare in the thriving city of Weatherford, Texas. Boasting significant frontage and high visibility along this well-traveled route, the property offers unparalleled potential for a diverse range of commercial developments. Its strategic location provides convenient access to a variety of amenities, including nearby retail shopping centers, restaurants, and essential medical services. Furthermore, its proximity to Interstate 20 ensures excellent connectivity and accessibility for both employees and customers. The property's substantial size and prime location within Weatherford, a city experiencing consistent growth and increased demand for commercial space, present a compelling investment opportunity for developers and entrepreneurs seeking to capitalize on the area's burgeoning economy. This is a rare chance to acquire a large, strategically located parcel in a dynamic market. A virtual tour is available for a comprehensive view of the property's potential. The asking price is $1,950,000.

    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
    -97.7691
    Latitude
    32.7387

    Comparable in this City

    • Value Estimation by Request
      6.56 Acres

      112 Cleburne Ave

      Land
      112 Cleburne Ave, Weatherford, TX 76086
      View Details
    • Value Estimation by Request
      6.68 Acres

      Tbd I-20 Hwy

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

      205 Line St

      Distribution properties
      205 Line St, Weatherford, TX 76086
      View Details
    • Value Estimation by Request
      0.18 Acres

      105 Simmons St

      COMMERCIAL (GENERAL)
      105 Simmons St, Weatherford, TX 76086
      View Details
    • Value Estimation by Request

      508 6th St

      COMMERCIAL (GENERAL)
      508 6th St, Weatherford, TX 76086
      View Details
    • Value Estimation
      $4,595,000
      43,587 SF

      1818 Martin Dr

      COMMERCIAL (GENERAL)
      1818 Martin Dr, Weatherford, TX 76086-6279
      View Details

    Similar Nearby for Sale

    • $699,000
      3.20 Acres

      Prime Weatherford Corner Lot

      3.2 Acres, High Visibility, Commercial Zoned
      904 Oak St, Weatherford, TX 76086
      View Details
    • $500,000
      2,940 SF

      Prime Weatherford Commercial Property

      Versatile building, great location, ample parking.
      108 Line St, Weatherford, TX 76086
      View Details
    • $900,000
      1.09 Acres

      Prime Weatherford Commercial Lot

      Build Your Dream Business Downtown
      405 Palo Pinto St, Weatherford, TX 76086
      View Details
    • $1,436,609
      3.88 Acres

      High-Traffic Weatherford Commercial Lot

      Prime 3.88-Acre Commercial Land
      Martin Dr, Weatherford, TX 76086
      View Details
    • $1,950,000
      2.98 Acres

      Weatherford Commercial Land Investment

      Prime 2.98-acre commercial lot
      1860 Santa Fe Dr, 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

    Similar Nearby for Lease

    • Contact for pricing
      15,099 SF

      Retail Space in Dense Node

      Junior box retail space in a high-growth area.
      735 Adams Dr, Weatherford, TX 76086
      View Details
    • Contact for pricing
      69 SF

      Downtown Weatherford Flexible Workspace

      Flexible workspace in historic downtown Weatherford business district.
      203 N Main St, Weatherford, TX 76086
      View Details
    • Contact for pricing
      3,570 SF

      Retail Space in Brookshire's Center

      Retail spaces available in Brookshire’s anchored shopping center.
      601-629 Palo Pinto St, Weatherford, TX 76086
      View Details
    • Contact for pricing

      Retail Space in Weatherford, Texas

      Retail space available for lease in Weatherford, Texas.
      615 Palo Pinto St, Weatherford, TX 76086
      View Details
    • Contact for pricing
      1,599 SF

      Weatherford Ridge Retail Space

      Retail space in a power shopping center in Weatherford, Texas.
      220 Adams Dr, Weatherford, TX 76086
      View Details
    • $765 /Mo
      7,667 SF

      Flexible Coworking Office Suite

      All-inclusive coworking suite with furnished private office and access to conference spaces in historic downtown Weatherford.
      203 N Main St, Weatherford, TX 76086
      View Details
    View Listing
    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.
    1860 Santa Fe Dr
    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
    1860 Santa Fe Dr, 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!