Warehouse with Secured Fenced
For Sale
$1,550,000
11733 FM 917, Alvarado, TX 76009
COMMERCIAL - Alvarado, TX
Property Size7,206 SF
Lot Size3.50 Acres
Price / SF$215.10
Days on Market40
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
Laminate, Concrete
Building materials
MetalSiding
Roof type
Metal
Listing Agency:
Donna Kemp-Long
(210) 535-1012
Listed By:
Donna Kemp-Long · License #0543010
(210) 535-1012
Added: Jul 14
Changed: Aug 4
Last Checked: Aug 22 at 11:06AM
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.
Newly renovated warehouse outside storage facility featuring a secured fenced yard and functional industrial improvements. The property includes 7,206 SF of outside storage space and a 4,312 SF office. Warehouse clear height is reported at 14'-16', supported by eight grade level doors sized 12'x12'. The site sits on 3.5 acres with metal exterior construction.
The property has direct frontage along FM 917 in Alvarado, Texas, positioned between I-35W, US-287, and US-67 for regional access across the greater DFW area. FM 917 is described as a primary east-west trucking connector and reliever route. The roadway is reported to carry approximately 18,246 vehicles per day, supporting visibility and day-to-day accessibility for fleet and contractor operations.
Built in 1995, the building is reported with central heating and central air, a metal roof, and laminate and concrete flooring. Water is listed as a well and sewer as a septic tank.
The property has direct frontage along FM 917 in Alvarado, Texas, positioned between I-35W, US-287, and US-67 for regional access across the greater DFW area. FM 917 is described as a primary east-west trucking connector and reliever route. The roadway is reported to carry approximately 18,246 vehicles per day, supporting visibility and day-to-day accessibility for fleet and contractor operations.
Built in 1995, the building is reported with central heating and central air, a metal roof, and laminate and concrete flooring. Water is listed as a well and sewer as a septic tank.
Key Highlights
- Secured fenced yard for outside storage with newly renovated exterior improvements
- 3.5 acres with direct frontage on FM 917 between I‑35W, US‑287, and US‑67
- 7,206 SF outside storage area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,109
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,002,180
$1.0M
Cap Rate 7%
$715,843
$715.8K
Cap Rate 9%
$556,767
$556.8K
Market Conditions
NOI Build-Up for 7,206 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$64.9K $9.00/SF
− Vacancy
−$5.9K −$0.82/SF
EGI
$59.0K $8.18/SF
− OpEx
−$8.8K −$1.23/SF
NOI
$50.1K $6.95/SF
Area
Johnson County, TX
Vacancy
9.10%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,002,180
Cap Rate 7%
$715,843
Cap Rate 9%
$556,767
Alternative Uses
Best Use
Warehouse
$715.8K
$626.4K – $835.2K
NOI $50,109 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
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
Property Profile
Current Use
Lease Details
16 ft
Clear height
8
Drive-in doors
Yes
Fenced yard
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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- 917 Self Storage — 5300 big six st, alvarado, tx 76009
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse and outside storage with secured fenced yard and direct frontage on FM 917.
Where is this warehouse 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: Secured fenced yard for outside storage with newly renovated exterior improvements; 3.5 acres with direct frontage on FM 917 between I‑35W, US‑287, and US‑67; 7,206 SF outside storage area
