Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    116 Scenic Trl Weatherford, TX 76088-8405

    • Commercial real estate
    • 44,831 SF
    • 9.32 lot acres
    OFF-MARKET
    Value Estimations
    $1,345,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-6667624
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Big E's Company / Transportation Escort Service

    Property Details for 116 Scenic Trl

    Year built
    2001
    Lot size
    9.32 lot acres
    Property size
    44,831 SF
    Property type
    Commercial real estate
    APN
    15270-001-023-00
    APU
    1527000102300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Weatherford
    County
    Parker
    State
    Texas
    Longitude
    -97.9079
    Latitude
    32.7206
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $33,380
    $528,400
    $1,284,800
    $1,813,200
    -
    $528,400
    $1,284,800
    $1,813,200

    Comparable in this City

    • Value Estimation by Request
      0.67 Acres

      Tbd Willow Unit#1

      Land • 0.67 Acres
      0 Tbd Willow Unit#1, Weatherford, TX 76088
      View Details
    • Value Estimation by Request
      4.25 Acres

      2101 Ranger Hwy

      COMMERCIAL (GENERAL) • 4.25 Acres
      2101 Ranger Hwy, Weatherford, TX 76088-9106
      View Details
    • Value Estimation
      $2,150,000
      77,736 SF

      445 Ric Williamson Memorial Hwy

      COMMERCIAL (GENERAL) • 77,736 SF
      445 Ric Williamson Memorial Hwy, Weatherford, TX 76088-1124
      View Details
    • Value Estimation by Request
      3,000 SF

      10300 Mineral Wls Hwy

      COMMERCIAL (GENERAL) • 3,000 SF
      10300 Mineral Wls Hwy, Weatherford, TX 76088-6714
      View Details
    • Value Estimation by Request
      1,520 SF

      250 Greenlee Park

      COMMERCIAL (GENERAL) • 1,520 SF
      250 Greenlee Park, Weatherford, TX 76088
      View Details
    • Value Estimation by Request
      4.80 Acres

      Weatherford, TX 76088

      COMMERCIAL (GENERAL) • 4.80 Acres
      Weatherford, TX 76088
      View Details

    Similar Nearby for Sale

    • $871,200
      1.00 Acre

      Prime Commercial Land, Willow Park, TX

      One-acre commercial lot, high visibility, I-20 access.
      0 Tbd Willow, Weatherford, TX 76088
      View Details
    • $550,000
      3.00 Acres

      Weatherford Commercial Land Opportunity

      High-traffic 3-acre lot, prime location.
      Tbd Fm 920, Weatherford, TX 76088
      View Details
    • $993,168
      1.14 Acres

      Willow Park Commercial Land - 1.14 Acres

      Prime Commercial Lot, High Visibility, I-20 Access
      0 Tbd Willow Xing, Weatherford, TX 76088
      View Details
    • $2,195,000
      13.47 Acres

      Prime Weatherford Commercial Land

      13.47 Acres, High Traffic Area
      215 Zion Hill Rd, Weatherford, TX 76088
      View Details
    • $779,625
      17.32 Acres

      17-Acre Weatherford Development Land

      Prime 17-acre tract, highway frontage, multiple uses.
      3321 Old Mineral Wells Hwy, Weatherford, TX 76088
      View Details
    • $2,250,000
      5.26 Acres

      Weatherford Commercial Land - $2.25M

      Prime 5.26-acre commercial lot in Weatherford, TX.
      1806 Old Brock Rd, Weatherford, TX 76088
      View Details

    Similar Nearby for Lease

    • $1,200 /Mo
      116,000 SF

      Weatherford Warehouse with 3-Phase Power

      2020 built, air-conditioned warehouse with high ceilings and insulation.
      2105 Fm 920, Weatherford, TX 76088
      View Details
    • $1,200 /Mo

      New Warehouse with High Clearance

      Modern warehouse space featuring high ceilings and convenient access.
      2105 104, Weatherford, TX 76088
      View Details
    • $8,333 /Mo
      144,924 SF

      New Flex Space Available

      New flex space for lease in Weatherford, completed April 2025.
      120 W Scenic Trl, Weatherford, TX 76088
      View Details
    • $3,000 /Mo
      134,383 SF

      New Commercial Lease in Weatherford

      New construction commercial lease with I-20 views and easy access.
      113 Bennett Hills Dr, Weatherford, TX 76088
      View Details
    • $8,333 /Mo
      144,924 SF

      Weatherford Flex Space For Lease

      New office-warehouse flex space available for lease in Weatherford, TX.
      120 W Scenic Trl, Weatherford, TX 76088
      View Details
    • $20,125
      87,120 SF

      Versatile Warehouse with Office Space

      21,000 SF facility with warehouse and finished office space.
      6160 Mineral Wells Hwy, Weatherford, TX 76088
      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.
    116 Scenic Trl
    Weatherford, TX 76088-8405
    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

    Google sign-in failed. Please try again or use another login method.