Updated Office Building with
702 W 5th Street Clifton, TX 76634
For Sale
$197,500
Pending
SINGLE_FAMILY - Clifton, TX
Property Size1,200 SF
Lot Size0.10 Acres
Days on Market14
Property Features for 702 W 5th Street
General Information
- Property type
- Residential
- Property subtype
- Office
- Parking features
- Driveway, Garage, Parking Lot
- Standard status
- Pending
- APN
- R01629
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Description
- CLIFTON (UNPLATTED PORTION A-499 F LUNDT) BLO
- Tax Annual Amount
- 1942
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Electric
- Water source
- Public
Building Details
- Year built
- 1965
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Vinyl
- Building materials
- Brick
- Roof type
- Composition
Listing Agency:
COBB RANCH PROPERTIES, LLC
(254) 253-0157
Listed By:
Tai Cobb Klam · License #0594871
(254) 253-0157
Added: Jul 11
Changed: Jul 22
Last Checked: Jul 24 at 2:06AM
MLS# 21261016
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This updated office building was built in 1972 and includes approximately 1,100–1,200 square feet per the available floor plan (buyer to verify). The interior layout features a welcoming lobby area with a reception bar, two rooms that can serve as office space or flexible use such as a break room, two restrooms, and a storage closet. Please review the floor plan for additional details on the layout and approximate room sizes.
The property is located in Clifton, just 0.07 miles from the stoplight at Highway 6 and FM 219, providing easy access for both local and through traffic. It is positioned along Highway 6.
The arrangement supports a straightforward professional services setup with dedicated restroom facilities and a reception-focused entry experience.
The property is located in Clifton, just 0.07 miles from the stoplight at Highway 6 and FM 219, providing easy access for both local and through traffic. It is positioned along Highway 6.
The arrangement supports a straightforward professional services setup with dedicated restroom facilities and a reception-focused entry experience.
Key Highlights
- Commercial building with brick construction and a composition roof
- Approx. 1,100–1,200 sq ft per floor plan (buyer to verify) with a lobby/reception area and two restrooms
- Updated in 2014; built in 1972 (YearBuilt listed as 1965)
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 | $26.6k | $22.20 |
| − Vacancy | −$4.4k | −$3.66 |
| EGI | $22.2k | $18.54 |
| − OpEx | −$5.6k | −$4.63 |
| NOI | $16.7k | $13.90 |
1,200 SF · lease $22.20/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$238.3K
$208.5K – $278.1K
NOI $16,683 @ 7.0% cap · market cap 8.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$316.6K
$277.0K – $369.4K
NOI $22,162 @ 7.0% cap · market cap 11.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Capital Farm Credit
Bank
FAQs
What type of property is this?
Office building - Updated 1972 office building with lobby reception area, two rooms, two restrooms, and a storage closet.
Where is this office building located?
The property is located at 702 W 5th Street Clifton, TX.
What is the asking price?
The asking price for this property is $197,500.
What are key features of this property?
This property features: Commercial building with brick construction and a composition roof; Approx. 1,100–1,200 sq ft per floor plan (buyer to verify) with a lobby/reception area and two restrooms; Updated in 2014; built in 1972 (YearBuilt listed as 1965)
