Retail Space For
For Sale
Contact for pricing
103 W Franklin St, Alvord, TX 76225
Retail space available with a 9.20% CAP rate.
Property Size2,308 SF
Price / SF$259.97
Days on Market220
Property Features for 103 W Franklin St
General Information
Standard status
Active
Size
2,308 SF
Class
C
Property subtype
Retail
Zoning
C-3
Occupancy
100%
Investment Type
Owner/User
Building Details
Year Built
1950
Year Renovated
2019
Buildings
2
Stories
2
Units
1
Listing Agency:
Ebby Halliday Real Estate
Listed By:
Courtney Moeller · License #755436
(972) 948-6562
Source:
Crexi
Added: Mar 2
Changed: Aug 8
Last Checked: Aug 19 at 10:27AM
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 Ebby Halliday Real Estate
Investment Insights
Based on property information with market context.
This retail space, encompassing 2,308 square feet, is available for purchase. The property has a capitalized rate of 9.20%.
Key Highlights
- 9.20% CAP Rate makes this an excellent investment opportunity
- Retail Property, ideal for various business ventures
- 2,308 SqFt of space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,309
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$766,180
$766.2K
Cap Rate 7%
$547,271
$547.3K
Cap Rate 9%
$425,656
$425.7K
Market Conditions
NOI Build-Up for 2,308 SF
Gross rent
$57.6K $24.96/SF
− Vacancy
−$2.9K −$1.25/SF
EGI
$54.7K $23.71/SF
− OpEx
−$16.4K −$7.11/SF
NOI
$38.3K $16.60/SF
Area
Wise County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$766,180
Cap Rate 7%
$547,271
Cap Rate 9%
$425,656
Alternative Uses
Best Use
Retail
$547.3K
$478.9K – $638.5K
NOI $38,309 @ 7.0% cap · market cap 6.38%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.74M
$1.52M – $2.03M
NOI $121,689 @ 7.0% cap · market cap 20.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
108
Businesses Nearby
6k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 56%
Shops & Services 44%
Lowe's Market
Groceries
3,340 visits/mo
0.2 miles
Shell
Shops & Services
2,643 visits/mo
0.5 miles
Demographics for 76225, TX
3,789
Population
1,460
Households
2.6
Avg Household Size
39
Median Age
25%
College-Educated
93%
High-School Grad
105.4 sq mi
ZIP Area
36
Density / Sq Mi
$71,625
Median Household Income
$50,044
Median Earnings
$951
Median Rent
$281,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space available with a 9.20% CAP rate.
Where is this retail space located?
The property is located at 103 W Franklin St Alvord, TX.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 9.20% CAP Rate makes this an excellent investment opportunity; Retail Property, ideal for various business ventures; 2,308 SqFt of space
