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    Property profile & analytics

    1997 Ranger Hwy Weatherford, TX 76088

    • Warehouses
    • 19,720 SF
    • 3.41 lot acres
    OFF-MARKET
    Value Estimations
    $710,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9654543
    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

    • Warehouses

    Property Details for 1997 Ranger Hwy

    Year built
    2017
    Lot size
    3.41 lot acres
    Property size
    19,720 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    16563-001-003-00
    APU
    1656300100300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $540,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $879,000
      Market price range: $545k - $1.34M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $945,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Weatherford
    County
    Parker
    State
    Texas
    Longitude
    -97.8464
    Latitude
    32.7401
    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
    2024
    $24,704
    $445,360
    $1,079,640
    $1,525,000
    -
    $445,360
    $1,079,640
    $1,525,000

    Comparable in this City

    • Value Estimation by Request
      3,800 SF

      140 Washington Ave

      MINI-WAREHOUSE, STORAGE • 3,800 SF
      140 Washington Ave, Weatherford, TX 76088
      View Details
    • Value Estimation
      $740,000
      18,858 SF

      2410 Ranger Hwy

      MINI-WAREHOUSE, STORAGE • 18,858 SF
      2410 Ranger Hwy, Weatherford, TX 76088-9181
      View Details
    • Value Estimation
      $790,000
      20,390 SF

      3008 Ranger Hwy

      MINI-WAREHOUSE, STORAGE • 20,390 SF
      3008 Ranger Hwy, Weatherford, TX 76088-9186
      View Details
    • Value Estimation
      $605,000
      12,680 SF

      2915 Greenlee Park

      MINI-WAREHOUSE, STORAGE • 12,680 SF
      2915 Greenlee Park, Weatherford, TX 76088-7842
      View Details
    • Value Estimation by Request
      6,050 SF

      1306 Peaster Hwy

      MINI-WAREHOUSE, STORAGE • 6,050 SF
      1306 Peaster Hwy, Weatherford, TX 76088-6867
      View Details
    • Value Estimation
      $550,000
      22,518 SF

      2677 Ranger Hwy

      MINI-WAREHOUSE, STORAGE • 22,518 SF
      2677 Ranger Hwy, Weatherford, TX 76088-9193
      View Details

    Similar Nearby for Sale

    • $2,749,000
      20,506 SF

      Weatherford Industrial Property Near I-20

      Industrial property with multiple buildings, near I-20 in Weatherford, TX.
      3008 Ranger Hwy, Weatherford, TX 76088
      View Details
    • $495,000
      1.55 Acres

      Weatherford Commercial Property on 1.5 Acres

      Commercial property on 1.5 acres in Weatherford, Texas.
      2301 Mineral Wells Hwy, Weatherford, TX 76088
      View Details
    • $2,500,000
      1,728 SF

      Weatherford Warehouse Trio - Prime Location

      Three-building warehouse, high visibility, 1.6 acres
      113 Dennis Junction Rd, Weatherford, TX 76088
      View Details
    • $700,000
      7,200 SF

      Weatherford Industrial Property with Warehouse

      7,200 SF industrial property with warehouse and office space.
      221 Judd St, Weatherford, TX 76088
      View Details
    • $2,847,000
      9.20 Acres

      Versatile Weatherford Office-Warehouse Property

      Two office-warehouse buildings on 9.2 acres near I-20.
      6011 Fm 920, Weatherford, TX 76088
      View Details
    • $1,400,000
      10,935 SF

      Versatile Property with Industrial Potential

      7.28-acre property with office, storage, and equestrian facilities.
      681 Maddux Rd, Weatherford, TX 76088
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      New Warehouse with High Clearance

      Modern warehouse space featuring high ceilings and convenient access.
      2105 104, Weatherford, TX 76088
      View Details
    • New
      $4,800 /Mo
      21,780 SF

      New Weatherford Warehouse For Lease

      Newly built 5,000 SF warehouse near Interstate 20.
      2679 Ranger Hwy, 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
    • $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
    • $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
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    1997 Ranger Hwy
    Weatherford, TX 76088
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    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
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