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$710,000

NAL Estimated Property Value

1661 Greenwood Rd, Weatherford, TX, 76088

Off MarketInfo
Baths0 Bath
Baths6,000 Sq Ft
BusinessBusiness
price_per_sqft$200 / sqft
Year BuiltBuilt in 2021

Highlights

Interior

Bathrooms 0Bathrooms 0
FlooringConcrete, Tile, Vinyl

Exterior

Lot Size2.94 acres

Building Information

Year Built2022

Land Information

APN21563-015-004-00
Land UseResidential Single Family
Legal DescriptionACRES: 2.940 TR: BLK; SURV: BENJAMIN THOMAS
Census Tract140300
Assessed Land Value$118,480
Assessed Improvement Value$383,140
Assessment Year2025

About this property

Discover the unmatched potential of 1661 Greenwood, a versatile property tailor-made for a wide array of uses. This location ensures seamless connectivity and optimal operational efficiency. This exceptional property, situated on a 3.9-acre tract, boasts two grey metal shops—a 40x50x14 and a 50x80x16—amassing a generous 5,000 square feet of workspace along with 1500 of living or office space. Zero deed restrictions and OUTSIDE CITY LIMITS! The interior is climate-controlled and spray-foamed for energy efficiency, ensuring a comfortable environment year-round. Electricity is available in both buildings for all your commercial needs. The living space features LVP flooring throughout and a custom kitchen with beautiful cabinetry, ideal for any residential or office set-up. The large primary bedroom offers a serene escape with a freestanding tub, full shower and walk in closet, while the upstairs area can function as a game room and bedroom as it is currently or additional office space. Main building is complete with a Shop bathroom and utility room. The exterior is equally impressive with structures built to cater to a wide spectrum of commercial applications such as a warehouse, industrial operation, mechanic shop, dealership and much more. It is equipped with a well and aerobic system, ensuring self-sufficiency for your operations. Access is simplified by a gated entry and an asphalt driveway, while a beautiful wrap-around porch enhances the property’s curb appeal. With the finished out living quarters or office space and substantial shop area, 1661 Greenwood Rd is perfectly poised to meet the demands of diverse industries. Seize this rare opportunity to transform this little slice of heaven into the powerhouse of your commercial ambitions. Your vision for success awaits.

Investor Tools

Property Icon
$710,000
Estimated Property Value
$0Estimated Mortgage Balance
$710,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,200 /month
Positive
Cash Flow Estimate:
$2,400 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$906/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$501,620
2025
$118,480
$383,140
$501,620
No

Tax History

Year
Tax Paid
Assessed Value
2025
N/A
$501,620

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$710,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Weatherford

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1661 Greenwood Rd | Property Details | No Agent List