2323 Tin Top RdWeatherford, TX 76087

Property Details for 2323 Tin Top Rd

Year built

2004

Lot size

3.70 AC

Property size (Sq ft)

33,212 SF

Property type

Warehouses

Property subtype

Self storage facilities

APN

21024-012-003-00

APU

2102401200300

Description

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.

Location Insight

City

Weatherford

County

Parker

State

Texas

Latitude

32.7225

Longitude

-97.7969

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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