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

    506 Main St Weatherford, TX 76086-2434

    • Retail space
    • 4,350 SF
    • 0.27 lot acres
    OFF-MARKET
    Last Sale
    Nov 12, 2020
    Value Estimations
    $270,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1685266
    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 506 Main St

    Lot size
    0.27 lot acres
    Property size
    4,350 SF
    Property type
    Retail space
    APN
    11850-001-003-00
    APU
    1185000100300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $300,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $241,000
      Market price range: $191k - $578k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $400,000
      Current use
      COMMERCIAL (GENERAL)
      $465,000
      Change: +17% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Weatherford
    County
    Parker
    State
    Texas
    Longitude
    -97.7969
    Latitude
    32.7645
    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
    $6,276
    $29,620
    $297,110
    $326,730
    -
    $29,620
    $297,110
    $326,730

    Comparable in this City

    • Value Estimation
      $795,000
      22,754 SF

      110 Oakridge Dr

      RETAIL STORES (PERSONAL SERVICES) • 22,754 SF
      110 Oakridge Dr, Weatherford, TX 76086
      View Details
    • Value Estimation
      $880,000
      55,236 SF

      324 Interstate 20

      RETAIL STORES (PERSONAL SERVICES) • 55,236 SF
      324 Interstate 20, Weatherford, TX 76086-6133
      View Details
    • Value Estimation
      $505,000
      15,104 SF

      Ih 20

      RETAIL STORES (PERSONAL SERVICES) • 15,104 SF
      Ih 20, Weatherford, TX 76086
      View Details
    • Value Estimation
      $485,000
      11,800 SF

      1450 Mineral Wls Hwy

      RETAIL STORES (PERSONAL SERVICES) • 11,800 SF
      1450 Mineral Wls Hwy, Weatherford, TX 76086-9218
      View Details
    • Value Estimation
      $510,000
      11,316 SF

      415 Adams Dr

      RETAIL STORES (PERSONAL SERVICES) • 11,316 SF
      415 Adams Dr, Weatherford, TX 76086-6746
      View Details
    • Value Estimation
      $550,000
      4,500 SF

      740 Adams Dr

      RETAIL STORES (PERSONAL SERVICES) • 4,500 SF
      740 Adams Dr, Weatherford, TX 76086-6266
      View Details

    Similar Nearby for Sale

    • $499,000
      910 SF

      Updated Retail/Office Building For Sale

      910 SF building on 18,949 SF lot, updated.
      1419 S Main St, Weatherford, TX 76086
      View Details
    • Contact for pricing
      1,389 SF

      Retail Building Near Weatherford High

      1,389 SF retail building with excellent visibility and access.
      1012 S Main St, Weatherford, TX 76086
      View Details
    • $299,000
      0.10 Acres

      Weatherford Retail/Office Opportunity on Main

      High-traffic location suitable for retail or office use.
      1203 S Main St, Weatherford, TX 76086
      View Details
    • New
      $500,000
      0.40 Acres

      Retail/Office Building in Weatherford, TX

      Retail/office building with two spaces, each with restroom.
      1220 B Ft Worth Hwy St, Weatherford, TX 76086
      View Details
    • $1,325,000
      7,800 SF

      Freestanding Retail Building in Weatherford

      7,800 SF retail building on 1.9 acres for sale.
      501 N Main St, Weatherford, TX 76086
      View Details
    • $3,200,000
      7.36 Acres

      Weatherford Commercial Land & Building

      7.35 acres, 7,500 sq ft building, C1 zoning.
      2020 Fort Worth Hwy, Weatherford, TX 76086
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo

      Retail Suite in Weatherford

      Versatile retail suite in high-traffic Weatherford location.
      1414 B, Weatherford, TX 76086
      View Details
    • $18 SF/Yr
      2,401 SF

      Retail Space in Weatherford Village

      Retail space available in Weatherford Village at a prime location.
      302-316 S Main St, Weatherford, TX 76086
      View Details
    • $4,025 /Mo
      69,696 SF

      Weatherford Retail/Office Lease Space

      New Class A retail/office space for lease in Weatherford, TX.
      1725 Fort Worth Hwy, Weatherford, TX 76086
      View Details
    • $4,700 /Mo
      2,483 SF

      Prime Retail Space in Weatherford

      Corner building in Weatherford's Central Business District with parking.
      113 W Church St, Weatherford, TX 76086
      View Details
    • Contact for pricing
      5,757 SF

      Retail/Office Space Available

      5,757 SF retail/office space for lease.
      1400 Santa Fe Dr, Weatherford, TX 76086
      View Details
    • $539,000
      2,500 SF

      Renovated Retail Property on Main

      Renovated retail property with great signage and visibility.
      118 S Main St, Weatherford, TX 76086
      View Details
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    506 Main St
    Weatherford, TX 76086-2434
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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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