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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2970 Fort Worth Hwy Weatherford, TX 76087

    • Retail space
    • 10,611 SF
    • 0.94 lot acres
    For Lease
    View listing
    Last Sale
    Feb 10, 2021
    Value Estimations
    $770,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5738872
    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

    • Retail space

    Property Details for 2970 Fort Worth Hwy

    Year built
    2016
    Lot size
    0.94 lot acres
    Property size
    10,611 SF
    Property type
    Retail space
    APN
    17396-001-004-00
    APU
    1739600100400

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $550,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $987,000
      Market price range: $406k - $987k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $720,000
      Current use
      COMMERCIAL (GENERAL)
      $1,120,000
      Change: +56% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $980,000
      Change: +36% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Hudson Oaks
    County
    Parker
    State
    Texas
    Longitude
    -97.7118
    Latitude
    32.7565
    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
    2023
    $52,614
    $655,140
    $2,588,790
    $3,243,930
    -
    $655,140
    $2,588,790
    $3,243,930

    Comparable in this City

    • Value Estimation
      $2,545,000
      93,124 SF

      3215 Ft Worth Hwy

      RETAIL STORES (PERSONAL SERVICES) • 93,124 SF
      3215 Ft Worth Hwy, Hudson Oaks, TX 76087-8776
      View Details
    • Value Estimation
      $760,000
      14,862 SF

      2901 Ft Worth Hwy

      RETAIL STORES (PERSONAL SERVICES) • 14,862 SF
      2901 Ft Worth Hwy, Weatherford, TX 76087
      View Details
    • Value Estimation by Request
      2,400 SF

      4400 Interstate 20 Service Rd

      Individual retail properties • 2,400 SF
      4400 Interstate 20 Service Rd, Willow Park, TX 76087
      View Details
    • Value Estimation by Request
      4,312 SF

      2850 Ft Worth Hwy

      RETAIL STORES (PERSONAL SERVICES) • 4,312 SF
      2850 Ft Worth Hwy, Hudson Oaks, TX 76087-4923
      View Details
    • Value Estimation by Request
      2,376 SF

      3301 Ft Worth Hwy

      RETAIL STORES (PERSONAL SERVICES) • 2,376 SF
      3301 Ft Worth Hwy, Hudson Oaks, TX 76087-8778
      View Details
    • Value Estimation by Request
      1,492 SF

      2704 Ft Worth Hwy

      RETAIL STORES (PERSONAL SERVICES) • 1,492 SF
      2704 Ft Worth Hwy, Hudson Oaks, TX 76087-4919
      View Details

    Similar Nearby for Sale

    • New
      $1,888,000
      17,500 SF

      Weatherford Showroom and Warehouse

      17,500 SF showroom/warehouse on I-20 service road.
      3879 Fort Worth Hwy, Weatherford, TX 76087
      View Details
    • $691,025
      0.64 Acres

      Land For Sale Hudson Oaks

      Pad sites available in front of high-producing HEB.
      3309 Fort Worth Hwy, Hudson Oaks, TX 76087
      View Details
    • $950,000
      1.35 Acres

      Weatherford Commercial Property with Gym

      Commercial property in Weatherford, TX, featuring a gym and residential space.
      102 Taylor Rd, Weatherford, TX 76087
      View Details
    • $3,200,000
      9.37 Acres

      Weatherford Land with Cafe

      9.37 acres with early 1900s farmhouse and cafe.
      5080 Tin Top Rd, Weatherford, TX 76087
      View Details
    • $3,114,285
      4,915 SF

      New Brakes Plus NNN Lease

      New construction Brakes Plus with 15-year absolute NNN lease.
      2809 Fort Worth Hwy, Hudson Oaks, TX 76087
      View Details
    • $3,200,000
      952 SF

      Weatherford Ranch with Restaurant

      9.37-acre ranch featuring a farmhouse and restaurant.
      5080 Tin Top Rd, Weatherford, TX 76087
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,200 SF

      Regional Power Center Retail Space

      Retail space available in a regional power center.
      116 E Interstate 20, Weatherford, TX 76087
      View Details
    • Contact for pricing
      1,341 SF

      Retail Space in Willow Park

      Retail space available for lease in Willow Park, Texas.
      108 S Ranch House Rd, Willow Park, TX 76087
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space Available

      1,200 SF 2nd Gen Nail Salon Available For Rent
      2970 Fort Worth Hwy, Weatherford, TX 76087
      View Details
    • $28 SF/Yr
      118,701 SF

      Retail Space in Willow Park

      2,482 SF retail space in premier entertainment district.
      480 Shops Blvd, Willow Park, TX 76087
      View Details
    • $26 SF/Yr
      1,746 SF

      Retail Space in Willow Park

      Retail space suitable for restaurant, bar, or entertainment concepts.
      327 Shops Blvd, Willow Park, TX 76087
      View Details
    • $16 SF/Yr
      1,000 SF

      Retail Space with Ample Parking

      Retail space for rent with prominent signage and ample parking.
      1140 Fm 1189, Brock, TX 76087
      View Details
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    Weatherford, TX 76087
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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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