2323 Tin Top Road
- Address:
- 2323 Tin Top Road, Weatherford, TX 76087
- Property Type:
- Multi Tenant
- Price:
- $3,850,000
- Cap Rate:
- 7.00% cap
- NOI:
- $270,050
- Square Feet:
- 33,000 sqft
- Lot Size:
- 3.70 Acres
- Price Per Square Foot:
- $116.67
- Year Built:
- 2004
-
Marketing Package*
Investment Highlights
Investment Highlights
- Three-Building 33,000-Square-Foot Multi-Tenant Shallow-Bay Industrial Asset Situated on 3.70 Acres
- Featuring 33 Units, Metal Construction, 12′-16′ Clear Heights, 33 Grade-Level Doors, Three-Phase Heavy Power, 40 Parking Spaces, and Proximity to Downtown Fort Worth via I-20
- Fully Leased at Average $10.20/SF, Generating 7.0% Cap Rate
- Below-Market Short-Term Modified Gross Leases Create Value-Add Opportunity
- Available Assumable Seller-Financing at Below-Market Rate
- Outperforming Parker County Submarket with 6.9% Vacancy Rate vs. 8.5% DFW Market Average
Investment Overview
For sale is a three-building industrial asset situated on 3.70 acres, offering a total of 33,000 square feet of shallow-bay space. This multi-tenant industrial asset features metal construction and has a clear height of 12’ to 16’. The property has 33 units, each with a grade-level door, providing easy access for loading and unloading. There are 40 parking spaces available for tenants and visitors. Strategically located along Interstate 20, the property sits 29 miles west of downtown Fort Worth.
The property is fully leased at an average rent of $10.20 per square foot, generating a 7.0% cap rate. With short-term modified gross leases in place at below-market rates, this sale creates a value-add opportunity to improve stability and cash flow. The current owner previously purchased the property with seller financing at below-market rates, allowing future buyers to assume the original financing.
The property is located in the Parker County submarket, which is outperforming the broader Dallas-Fort Worth market. The vacancy rate in Parker County is 6.9 percent in Q2 2026, compared to the market average of 8.5 percent. With 865,000 square feet of industrial space under construction, representing 11.8 percent of the inventory, Parker County’s relatively strong fundamentals are attracting new development activity (CoStar).