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    100 N Parkway Dr Alvarado, TX 76009

    For Sale
    $200,000

    Unimproved Land - Alvarado, TX

    Type:Unimproved Land
    Lot size:
    0.22 Acres
    Days on Market:
    170
    Last Refresh:
    Dec 14 at 1:06 pm

    Property Features for 100 N Parkway Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    R000008197
    Lot size
    0.22 Acres

    Building Details

    Architectural style
    Other

    Lake Homes Realty (205) 985-2991 [email protected]

    Listing agent Gary Wallace (832) 283-3233

    Listing date Jun 28, 2025

    MLS# 20981615 Listing URL

    Copyright © 2025 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Land in Alvarado, Texas

    This .224-acre corner lot is located close to downtown Alvarado, Texas, on a busy street. The property is zoned C-2, Commercial district 2, and presents an opportunity for investors. The site previously housed a 7-unit studio mini hotel, which was last renovated in 2014. Currently, the building is vacant and boarded up. The property can be redeveloped into a cash-flowing asset or demolished for an alternative purpose, making it suitable for various business ventures.
    Property Profile Location Intelligence

    Current Use by Public Records

    Parkway Park Playground

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Pharmacy Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alvarado
    County
    Johnson
    State
    Texas
    Longitude
    -97.21760907
    Latitude
    32.4078823

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    FAQs

    What type of property is this?
    Commercial land - Corner lot suitable for business in downtown Alvarado, Texas.
    Where is this commercial land located?
    The property is located at 100 N Parkway Dr Alvarado, TX.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: - Prime corner lot location near downtown Alvarado, Texas; - Zoned C-2 Commercial District 2, offering diverse business opportunities; - .224 Acre lot size
    (832) 283-3233
    Request Owner's contact information
    100 N Parkway Dr Alvarado, TX 76009
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    Realmo Value Estimation

    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.

    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.

    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
    100 N Parkway Dr Alvarado, TX 76009
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