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    Highway-Frontage Corner Building Title is generated by Realmo AI

    5236 E Highway 67, Alvarado, TX 76009

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    New
    For Sale
    $650,000

    Commercial Building - Alvarado, TX

    Property size:
    2,113 SF
    Lot size:
    0.75 Acres
    Price / SF:
    $307/SF
    Added:
    Jun 4, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 6 at 4:06 am

    Property Features for 5236 E Highway 67

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
    Parking features
    Garage, Garage - Attached
    Standard status
    Active
    APN
    000000-000.000-0000-000.000
    Size
    2,113 SF
    Lot size
    0.75 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Year built
    1980
    Year renovated
    1980
    Floors in Building
    1
    Building materials
    Brick
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Priscilla Shields
    Priscilla Shields

    Listing agent Priscilla Shields

    Listing office YOUR HOME SOLD GUARANTEED REALTY 313 Jasmine Ct, Burleson, TX

    Listing date Jun 4, 2026

    MLS# 11801125 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 0.75‑acre corner lot with nearly 150 ft of Highway 67 frontage
    • 21,000 daily vehicle count along Highway 67
    • 18 parking spaces and excellent ingress/egress
    • Large lighted pylon sign and wheelchair‑accessible restroom
    • Brick building with asphalt roof, built in 1980
    • Garage parking available (garage and attached garage listed)

    Overview

    Located at 5236 E Highway 67 in Alvarado, Texas, this 0.75-acre corner commercial building is offered as a move-in-ready property with 2,113 square feet of space. The listing highlights nearly 150 feet of Highway 67 frontage, a large lighted pylon sign, and wheelchair-accessible restroom accommodations. The site includes 18 parking spaces and is described as having excellent ingress and egress.

    Visibility is a core feature here. The property is positioned on Highway 67 with a reported daily vehicle count of 21,000, giving storefront operations convenient exposure from a high-traffic corridor. The address is noted as being outside city limits, and the corner-lot configuration provides room for outdoor displays or future expansion, supported by the 0.75-acre site size.

    The current use is described as a florist with 24 years of established presence at the location, and the listing notes that a turnkey operation and established customer loyalty could be part of the package. With the building’s highway-oriented frontage, parking, and flexible corner-lot layout, the property may also suit users such as medical office, daycare, fitness, or retail, depending on their requirements for the existing improvements and site access.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $64.9k $30.72
    − Vacancy −$17.8k −$8.42
    EGI $47.1k $22.30
    − OpEx −$11.8k −$5.58
    NOI $35.3k $16.73
    2,113 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $504.9K
    $441.8K – $589.1K (±1% cap)
    NOI $35,344 @ 7.0% cap · market cap 5.44%
    Second Best
    Retail
    $501.0K
    $438.4K – $584.5K (±1% cap)
    NOI $35,072 @ 7.0% cap · market cap 5.40%
    Theoretical Best
    Multifamily LT 5
    $25.33M
    $22.16M – $29.55M (±1% cap)
    NOI $1,772,945 @ 7.0% cap · market cap 272.76%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Time Out Massage Alternative Medicine Practice

    Suggested Use

    Restaurant Spa & Massage Center Building Supply Auto Repair Shop Big Box & Wholesale Store Hotel & Motel Kitchen & Bath Showroom Department Store Auto Parts Store Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Alvarado
    County
    Johnson
    State
    Texas
    Longitude
    -97.271885
    Latitude
    32.404314

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    FAQs

    What type of property is this?
    Retail space - Turnkey corner commercial building with ample parking, wheelchair-accessible restroom, and strong Highway 67 visibility.
    Where is this retail space located?
    The property is located at 5236 E Highway 67 Alvarado, TX.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: 0.75‑acre corner lot with nearly 150 ft of Highway 67 frontage; 21,000 daily vehicle count along Highway 67; 18 parking spaces and excellent ingress/egress
    (817) 345-7756
    We can help!
    Listing Contact
    Priscilla Shields
    Priscilla Shields
    Real Estate License ID: 0578753
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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