2323 Tin Top Rd Weatherford, TX 76087-8171
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.
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Hybarger Custom Concrete Construction Company General Contractor
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AC Services Heating & Air Conditioning HVAC Service General Contractor
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Americana Roofing Roofing Company General Contractor
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Heritage Machine Industrial Manufacturer Production Facility
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Cypress Engine Accessories, LLC Oil & Natural Gas Company
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.