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Property profile & analytics
OFF-MARKET Estimated value $700,000
Warehouses

2323 Tin Top Rd Weatherford, TX 76087-8171

33,212 SF 3.7 ac lot Built 2004
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US82-2229002
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 2004
Total area 33,212 SF
Lot 3.7 ac (161,172 SF)
APN 21024-012-003-00
UPID US82-2229002
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · 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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$560k
CAP Approach CAP
by Request
Comparable Approach Comparable
$839k
Blend (final) Blend
$700k
Owner & transaction history
Rctx Tin Top LP · 1 yrs held
Rctx Tin Top LP
since 2024
6 recorded transactions
2024
Price N/A
2020
Price N/A
2019
Price N/A
2007
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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