Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land for Home in Alvarado Title is generated by Realmo AI

    711 E Davis Avenue, Alvarado, TX 76009

    View on Map
    Claim this Listing
    For Sale
    $149,000

    LAND - Alvarado, TX

    Lot size:
    0.22 Acres
    Added:
    May 11, 2026
    Days on Market:
    25
    Last Refresh:
    Jun 4 at 6:06 am

    Property Features for 711 E Davis Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    126077001620
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Description
    ABST 770 TR 28 A SPIVA
    Tax Annual Amount
    497

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    James Wren

    Listing agent James Wren License #0815922

    Listing office Grandview Real Estate Grandview, TX

    Listing date May 11, 2026

    MLS# 21186453 Listing URL

    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.

    HighLights

    • Convenient commute to DFW or Waco via proximity to US Highway 67.
    • Terrific location for building a home.
    • New home construction activity in the area.
    • Close proximity to schools.
    • Close proximity to shopping.
    • Close proximity to entertainment.

    Overview

    This 0.22-acre parcel of unimproved land is located in Alvarado, Texas. Situated just south of US Highway 67, the location provides convenient access to both the DFW area and Waco. The property is positioned in proximity to schools, shopping, and entertainment venues. New homes have been constructed in the immediate vicinity, including one directly adjacent to the property, indicating ongoing residential development in the area. This land presents an opportunity to build a home in a convenient location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Alvarado
    County
    Johnson
    State
    Texas
    Longitude
    -97.204527
    Latitude
    32.404417

    Nearby Similar for Sale

    • $550,000

      Retail and Flex Building

      Front retail with back storage, private office, and bathrooms on a high-visibility, high-traffic lot.
      400 E Highway 67, Alvarado, TX 76009
      View Details
    • $3,290,000
      13,200 SF

      Brand-New 1BR Apartment Community

      Gated, amenity-rich 1-bedroom community with in-unit stackable washers, stainless appliances, and covered carport parking.
      8092 County Road 604, Alvarado, TX 76009
      View Details
    • $1,750,000

      Outside Storage and Light Industrial Land

      Newly renovated secured fenced yard with grade-level access and an office suited for contractors and fleet operations.
      11733 FM 917, Alvarado, TX 76009
      View Details
    • $1,500,000

      Mobile Home Park Investment

      Ten manufactured homes on six acres with on-site support buildings and established rental income in a growing affordable housing market.
      4612 CR 616, Alvarado, TX 76009
      View Details
    • $175,000

      Industrial Land with Metal Shop

      1.48 acres with a slab-on-grade metal shop and two metal carports, offering flexible space near I-35W access points.
      153 Quail Haven Street, Alvarado, TX 76009
      View Details
    • $625,000

      High-Visibility Commercial Development Land

      Prime city-limits parcel off Highway 67 with approved plans for mixed-use townhome-style apartments and street-level commercial.
      694 Us-67, Alvarado, TX 76009
      View Details
    • $1,565,000

      Productive Agricultural Land Tract

      Ranch-ready farmland with perimeter fencing, multiple residences, and recent barndominium improvements near major highway access.
      536 Fm 2738, Alvarado, TX 76009
      View Details
    • $2,200,000

      Residential Development Land Opportunity

      Large contiguous tract poised for residential growth with existing north entrance and nearby school access.
      8306 County Road 109, Alvarado, TX 76009
      View Details
    • $200,000

      Corner Commercial Development Land

      Corner lot in a C-2 commercial district, formerly improved with a mini hotel—ideal for redevelopment or income-oriented conversion.
      100 N Parkway Drive, Alvarado, TX 76009
      View Details
    • $375,000

      Commercial Corner Development Land

      Corner commercial lot with two-side road frontage and existing metal building for flexible redevelopment in Alvarado.
      210 S Parkway Drive, Alvarado, TX 76009
      View Details
    • $1,800,000

      Residential Development Land Near I-35

      Large acreage tract suitable for residential development near I-35.
      2950 CR 607, Alvarado, TX 76009
      View Details

    FAQs

    What type of property is this?
    Land - Unimproved land suitable for building a home near Highway 67.
    Where is this land located?
    The property is located at 711 E Davis Avenue Alvarado, TX.
    What is the asking price?
    The asking price for this property is $149,000.
    What are key features of this property?
    This property features: Convenient commute to DFW or Waco via proximity to US Highway 67.; Terrific location for building a home.; New home construction activity in the area.
    (817) 866-3339
    We can help!
    Listing Contact
    James Wren
    Real Estate License ID: 0815922
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    711 E Davis Avenue, Alvarado, TX 76009
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!