Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5375 Fm 17 Alba, TX 75410

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $800,000

    Huge 9,112 sq ft facility on 2.4 acres

    Property size:
    9,112 SF

    Property Features for 5375 Fm 17

    General Information

    Property type
    Other commercial real estate
    Square Feet
    9,112 SF
    Lot Size
    104,980 SF

    Building Details

    Year Built
    1999

    We can help!

    Listing Contact
    Bob Smith

    Listing Agency: Keller Williams Prosper Celina Listing Agent: Bob Smith

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This expansive 9,112 square foot metal building presents a unique investment opportunity in Alba, Texas. Situated on a highly visible 2.4-acre lot at the intersection of FM 17 and 515, this property boasts a prime location on one of the area's busiest roads. For over two decades, this established facility has operated as a restaurant, successfully serving the Alba-Emory community. Its substantial size allows for diverse uses, including a full-scale entertainment center. Imagine the possibilities: a restaurant with live western music, dancing, and a full bar, capitalizing on the lack of comparable venues in the area. The existing restaurant infrastructure is comprehensive, featuring a fully equipped kitchen with fryers, prep tables, a walk-in cooler, two freezers, and ample storage. The dining area comfortably seats 400, complete with tables, chairs, a buffet bar, and an ice machine. A separate banquet room accommodates private events for 80+ guests. Ample parking is available, with paved spaces for over 70 cars, plus additional gravel parking. The property's potential extends beyond its current configuration, offering significant upside for expansion and increased profitability. The existing loyal customer base provides a solid foundation for future growth.
    Property Profile Location Intelligence

    Current Use by Public Records

    BILL SMITH'S BUFFET Restaurant

    Suggested Use

    Restaurant Real Estate Agency Kitchen & Bath Showroom Department Store Storage Facility Hotel & Motel Restaurant Travel Agency Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Alba
    County
    Wood
    State
    Texas
    Longitude
    -95.63924
    Latitude
    32.87935

    Nearby Similar for Sale

    • New
      $449,900
      1.97 Acres

      Turnkey Motel Near Lake Fork

      Well-maintained 10-room motel near Lake Fork.
      9530 W Fm 515, Alba, TX 75410
      View Details
    • New
      $675,000
      1,860 SF

      Alba Farmhouse with Barndo and Shop

      Pristine property with farmhouse, barndo, shop, and outdoor living.
      8642 S Fm 779, Alba, TX 75410
      View Details
    • $150,000
      5,500 SF

      Downtown Alba Commercial Opportunity

      Commercial building in Alba, TX, with frontage on three sides.
      Alba, TX 75410
      View Details
    • $3,400,000
      1,645 SF

      Lake Fork Waterfront Ranch Estate

      34.16 acres with approximately one mile of pristine waterfront.
      4790 N Fm 17, Alba, TX 75410
      View Details
    • $229,500
      3,320 SF

      Alba Live/Work Opportunity

      Mixed-use property, Hwy 69 frontage
      189 Greenville St, Alba, TX 75410
      View Details
    • $685,000
      9,000 SF

      Lake Fork Commercial Property - Alba, TX

      Prime Commercial Land w/ RV Sites & Warehouses
      2810 Fm 17, Alba, TX 75410
      View Details
    • $1,999,900
      5,148 SF

      East Texas Camp & Retreat Center

      Profitable Campground on 20 Acres
      252 Private Rd, Alba, TX 75410
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Huge 9,112 sq ft facility on 2.4 acres
    Where is this commercial real estate located?
    The property is located at 5375 Fm 17 Alba, TX.
    What is the asking price?
    The asking price for this property is $800,000.
    Request Owner's contact information
    5375 Fm 17 Alba, TX 75410
    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.
    5375 Fm 17
    Alba, TX 75410
    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
    5375 Fm 17 Alba, TX 75410
    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

    We can help!
    Listing Contact
    Bob Smith
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!