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    Property profile & analytics

    2050 Fm 1189 Brock, TX 76087-5607

    • Warehouses
    • 10,162 SF
    • 1.66 lot acres
    OFF-MARKET
    Value Estimations
    $400,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-6168982
    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 2050 Fm 1189

    Year built
    2003
    Lot size
    1.66 lot acres
    Property size
    10,162 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    21648-027-000-00
    APU
    2164802700000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $390,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $489,000
      Market price range: $257k - $594k

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

    Location Insight

    • Map
    • Local Demand
    City
    Brock
    County
    Parker
    State
    Texas
    Longitude
    -97.9404
    Latitude
    32.6756
    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
    $18,022
    $232,170
    $745,730
    $977,900
    -
    $232,170
    $745,730
    $977,900

    Comparable in this City

    • Value Estimation
      $565,000
      14,500 SF

      129 Winners Cir

      MINI-WAREHOUSE, STORAGE • 14,500 SF
      129 Winners Cir, Weatherford, TX 76087-8432
      View Details
    • Value Estimation
      $685,000
      20,980 SF

      2208 Dennis Rd

      MINI-WAREHOUSE, STORAGE • 20,980 SF
      2208 Dennis Rd, Weatherford, TX 76087-8837
      View Details
    • Value Estimation
      $410,000
      17,180 SF

      3879 Ft Worth Hwy

      MINI-WAREHOUSE, STORAGE • 17,180 SF
      3879 Ft Worth Hwy, Weatherford, TX 76087-8607
      View Details
    • Value Estimation
      $305,000
      5,225 SF

      3849 Ft Worth Hwy

      MINI-WAREHOUSE, STORAGE • 5,225 SF
      3849 Ft Worth Hwy, Willow Park, TX 76087-8607
      View Details
    • Value Estimation
      $320,000
      7,200 SF

      317 Oakridge Dr

      MINI-WAREHOUSE, STORAGE • 7,200 SF
      317 Oakridge Dr, Hudson Oaks, TX 76087-7773
      View Details
    • Value Estimation
      $275,000
      9,750 SF

      5089 Tin Top Rd

      MINI-WAREHOUSE, STORAGE • 9,750 SF
      5089 Tin Top Rd, Weatherford, TX 76087-8079
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      17,500 SF

      Renovated Warehouse with I-20 Frontage

      17,500 SF renovated warehouse on 1.00 AC with HVAC.
      3879 Fort Worth Hwy, Weatherford, TX 76087
      View Details
    • $2,500,000

      Versatile Flex Space on Prime Land

      Over 9,000 SF flex space on 1.5+ acres.
      2217 Old Dennis Rd, Weatherford, TX 76087
      View Details
    • $2,999,000
      12,736 SF

      Weatherford TX Office/Warehouse

      Prime 12,736 SF Office & Warehouse Complex
      500 Dennis Rd, Weatherford, TX 76087
      View Details
    • $5,000,000
      3.81 Acres

      Weatherford Warehouse with I-20 Frontage

      High-visibility commercial property with warehouse, office, and expansion potential.
      2500 Ih-20 E, Weatherford, TX 76087
      View Details
    • $1,990,000
      17,500 SF

      Showroom and Warehouse on I-20

      17,500 SF showroom/warehouse on I-20 service road, outside city limits.
      3879 Fort Worth Hwy, Weatherford, TX 76087
      View Details
    • $1,395,000
      4.34 Acres

      Weatherford Warehouse with Office Space

      6,500 SF warehouse with office and shop space for sale.
      125 Winners Cir, Weatherford, TX 76087
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      18,000 SF

      Modern Warehouse Space Available

      18,000 SF Warehouse - Parker County
      130 Business Park Dr, Weatherford, TX 76087
      View Details
    • Contact for pricing
      32,366 SF

      Weatherford Industrial Space Available

      Prime Parker County Manufacturing/Warehouse
      2602 Fort Worth Hwy, Weatherford, TX 76087
      View Details
    • Contact for pricing
      1,000 SF

      Hudson Oaks Warehouse with Acreage

      32,366 SF warehouse on 3.4 acres near Hwy 180.
      2602 Fort Worth Hwy, Hudson Oaks, TX 76087
      View Details
    • $11 SF/Yr
      10,000 SF

      Day 2 Day Business Park Warehouse

      10,000 SF Warehouse in Weatherford, TX
      144 Winners Cir, Weatherford, TX 76087
      View Details
    • Contact for pricing
      162,000 SF

      Southwest Business Park: Premier Flex Space

      Hudson Oaks, TX: 162,000 SF Flex Space Available
      3120 I-20, Hudson Oaks, TX 76087
      View Details
    • $1,600 /Mo
      43,560 SF

      Customizable Industrial Space in Brock

      40x40 metal building ready for customization in Brock ISD.
      2451 Fm 1189, Brock, TX 76087
      View Details
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    2050 Fm 1189
    Brock, TX 76087-5607
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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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