Renovated Flex Space With
For Sale
$1,550,000
11733 FM 917, Alvarado, TX 76009
CommercialSale, Alvarado, TX
Property Size7,206 SF
Lot Size3.50 Acres
Price / SF$215.10
Days on Market85
Property Features for 11733 FM 917
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
ETJ
Subdivision
126.0195 - DICKEY M
Directions
Head West on FM 917 from Mansfield and the property will be on the right
Standard status
Active
APN
R000005835
Lot size
3.50 Acres
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Well
Building Details
Year built
1995
Floors in Building
1
Number of units
1
Flooring type
Concrete, Laminate
Building materials
MetalSiding
Roof type
Metal
Listing Agency:
Donna Kemp-Long
(210) 535-1012
Listed By:
Donna Kemp-Long · License #0543010
(469) 797-4003
Added: Jul 14
Changed: Oct 1
Last Checked: Oct 6 at 6:06PM
MLS# 21276789
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 renovated flex property occupies 3.5 acres and combines industrial improvements with a secured, fenced yard. The facility includes 8 grade-level doors measuring 12' x 12' and provides 14'-16' of clear height. Metal siding, a metal roof, concrete and laminate flooring, central heating, and central air are also in place.
The property fronts FM 917 in Alvarado and sits between I-35W, US-287, and US-67. FM 917 functions as an east-west trucking connector and carries approximately 18,246 vehicles per day. The site is identified as suitable for contractors, fleet services, outside storage, and light industrial users requiring regional access across the greater DFW area.
The property fronts FM 917 in Alvarado and sits between I-35W, US-287, and US-67. FM 917 functions as an east-west trucking connector and carries approximately 18,246 vehicles per day. The site is identified as suitable for contractors, fleet services, outside storage, and light industrial users requiring regional access across the greater DFW area.
Key Highlights
- 3.5‑acre flex property with secured, fenced outdoor storage yard
- 8 grade‑level doors, each measuring 12' x 12'
- 14'-16' clear height supports industrial and storage operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$120,535
Cap Rate
7.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,410,700
$2.4M
Cap Rate 7%
$1,721,929
$1.7M
Cap Rate 9%
$1,339,278
$1.3M
Market Conditions
NOI Build-Up for 7,206 SF
Gross rent
$221.4K $30.72/SF
− Vacancy
−$60.7K −$8.42/SF
EGI
$160.7K $22.30/SF
− OpEx
−$40.2K −$5.58/SF
NOI
$120.5K $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%
$2,410,700
Cap Rate 7%
$1,721,929
Cap Rate 9%
$1,339,278
Alternative Uses
Best Use
Office B
$1.72M
$1.51M – $2.01M
NOI $120,535 @ 7.0% cap · market cap 7.78%
Second Best
Warehouse
$715.8K
$626.4K – $835.2K
NOI $50,109 @ 7.0% cap · market cap 3.23%
Theoretical Best
Multifamily LT 5
$86.38M
$75.58M – $100.77M
NOI $6,046,306 @ 7.0% cap · market cap 390.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
16 ft
Clear height
8
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
98
Businesses Nearby
Well-served
Demand for This Use
Explore this area
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
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial improvements include grade-level loading, clear-span height, and a secured outdoor storage area.
Where is this flex space located?
The property is located at 11733 FM 917 Alvarado, TX.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 3.5‑acre flex property with secured, fenced outdoor storage yard; 8 grade‑level doors, each measuring 12' x 12'; 14'-16' clear height supports industrial and storage operations
