Remodeled Office Suite with
For Sale
Contact for pricing
1000 E Highway 67, Alvarado, TX 76009
Remodeled office interior with five offices, conference room, reception area, kitchen, and bath, plus covered and uncovered parking.
Property Size1,125 SF
Price / SF$555.47
Days on Market926
Property Features for 1000 E Highway 67
General Information
Standard status
Active
Size
1,125 SF
Total Parking Spaces
19
Property subtype
Industrial, Land
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Listing Agency:
Coldell Banker Apex Realtors
Listed By:
Judy Oaks · License #TX
Source:
Crexi
Added: Apr 12, 2024
Changed: Oct 1
Last Checked: Oct 23 at 7:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldell Banker Apex Realtors
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Investment Insights
Based on property information with market context.
Remodeled office building offering five offices, a conference room, and a reception area. The interior also includes a kitchen and bath. The property’s exterior features an iron gate and covered parking for two automobiles, along with 17 additional parking spaces.
Convenient access to the interstate is described via Highway 67 to Dallas, and north on I-35 to Fort Worth.
Overall, the layout provides dedicated private office space supported by shared conference and reception areas, with on-site parking capacity for employees and visitors.
Convenient access to the interstate is described via Highway 67 to Dallas, and north on I-35 to Fort Worth.
Overall, the layout provides dedicated private office space supported by shared conference and reception areas, with on-site parking capacity for employees and visitors.
Key Highlights
- Remodeled office space with 5 offices, conference room, reception area, kitchen, and bath
- Covered parking for 2 automobiles plus 17 additional parking places
- Iron gate surrounds the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,818
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$376,360
$376.4K
Cap Rate 7%
$268,829
$268.8K
Cap Rate 9%
$209,089
$209.1K
Market Conditions
NOI Build-Up for 1,125 SF
Gross rent
$34.6K $30.72/SF
− Vacancy
−$9.5K −$8.42/SF
EGI
$25.1K $22.30/SF
− OpEx
−$6.3K −$5.58/SF
NOI
$18.8K $16.73/SF
Area
Johnson County, TX
Vacancy
27.40%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$376,360
Cap Rate 7%
$268,829
Cap Rate 9%
$209,089
Alternative Uses
Best Use
Office B
$268.8K
$235.2K – $313.6K
NOI $18,818 @ 7.0% cap · market cap 3.01%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$13.48M
$11.80M – $15.73M
NOI $943,949 @ 7.0% cap · market cap 151.06%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
231
Businesses Nearby
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Business Placement
Demographics for 76009, TX
23,376
Population
7,648
Households
3.1
Avg Household Size
37
Median Age
14%
College-Educated
75%
High-School Grad
98.0 sq mi
ZIP Area
239
Density / Sq Mi
$73,696
Median Household Income
$38,841
Median Earnings
$1,202
Median Rent
$211,000
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Remodeled office interior with five offices, conference room, reception area, kitchen, and bath, plus covered and uncovered parking.
Where is this office unit located?
The property is located at 1000 E Highway 67 Alvarado, TX.
What is the asking price?
The asking price for this property is $624,900.
What are key features of this property?
This property features: Remodeled office space with 5 offices, conference room, reception area, kitchen, and bath; Covered parking for 2 automobiles plus 17 additional parking places; Iron gate surrounds the property
