2323 Tin Top Rd Weatherford, TX 76087-8171
Property profile & analytics
2323 Tin Top Rd Weatherford, TX 76087-8171
- Warehouses
- 33,212 SF
- 3.70 lot acres
Property ID
US82-2229002
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.
Location Intelligence
Current Use by Public Records
- Hybarger Custom Concrete / Construction Company / General Contractor
- AC Services Heating & Air Conditioning / HVAC Service / General Contractor
- Americana Roofing / Roofing Company / General Contractor
- Heritage Machine / Industrial Manufacturer / Production Facility
- Cypress Engine Accessories, LLC / Oil & Natural Gas Company
Property Details for 2323 Tin Top Rd
- Year built
- 2004
- Lot size
- 3.70 lot acres
- Property size
- 33,212 SF
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 21024-012-003-00
- APU
- 2102401200300
Description
This exceptional investment opportunity presents a fully occupied, three-building industrial warehouse complex totaling 33,000 square feet on a 3.7-acre lot in Weatherford, Texas. The property, built in 2004, boasts 33 individual suites, each with its own grade-level loading dock, providing unparalleled convenience for tenants. Clear ceiling heights range from 12 to 16 feet, accommodating a variety of industrial uses. The property benefits from a strategic location along Interstate 20, offering easy access to Downtown Fort Worth (approximately 29 miles away). Currently operating at 100% occupancy with month-to-month modified gross leases, the property generates a current NOI of $218,820, representing a 6.84% cap rate. However, a pro-forma analysis reveals a significantly higher potential NOI of $336,000 and a 10.50% cap rate, reflecting the opportunity to increase rental rates to market levels. The current average rent is $7.69 per square foot, well below the submarket average of $12.60, indicating substantial upside potential. The property is zoned for industrial use and includes 33 loading docks and ample parking. Seller financing is available, making this a compelling value-add opportunity for discerning investors. The property is offered fee simple.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $560,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $838,000
Market price range: $839k - $1.94M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Weatherford
- County
- Parker
- State
- Texas
- Longitude
- -97.7969
- Latitude
- 32.7225
- 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
$19,687
$161,170
$863,678
$1,024,848
-
$161,170
$863,678
$1,024,848
