For Sale
$3,200,000

2323 Tin Top Rd Weatherford, TX 76087

33,000 SF Warehouse, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
138
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.

Highlights

  • Three-building, 33,000-square-foot industrial warehouse complex on a 3.7-acre lot in Weatherford, TX.
  • 33 individual suites, each with a grade-level loading dock, 12-16' clear heights.
  • Fully occupied with month-to-month leases, offering significant upside potential. Excellent I-20 access, approximately 29 miles from Downtown Fort Worth.
  • Below-market rents ($7.69/SF vs. $12.60/SF submarket average) present a value-add opportunity with seller financing available.
  • Current NOI of $218,820 (6.84% cap rate), pro forma NOI of $336,000 (10.50% cap rate) projected.

Property Details for 2323 Tin Top Rd

Property type
Warehouses, Industrial properties
Square Feet
33,000 SF
Class
C
Year Built
2004
Buildings
3
Lot Size (sq. ft)
161,172 SF
Units
33

Location Insight

City
Weatherford
County
Parker
State
Texas
Latitude
32.7224102
Longitude
-97.7968071

FAQs

What type of property is this?
Warehouse - 33,000 SF Warehouse, High ROI
Where is the warehouse located?
The property is located at 2323 Tin Top Rd Weatherford, TX.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Three-building, 33,000-square-foot industrial warehouse complex on a 3.7-acre lot in Weatherford, TX.; 33 individual suites, each with a grade-level loading dock, 12-16' clear heights.; Fully occupied with month-to-month leases, offering significant upside potential. Excellent I-20 access, approximately 29 miles from Downtown Fort Worth.
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2323 Tin Top Rd
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