Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5408 Highway 67 E Alvarado, TX 76009

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $6,000 /Mo

    Flex space with office, shop, living quarters, and storage.

    Lot size:
    1.58 Acres

    Property Features for 5408 Highway 67 E

    General Information

    Standard status
    Active
    Lot size
    1.58 Acres

    We can help!

    Listing Contact
    Tara Roden
    Source: Exprealty

    Listing Agency: fathom realty llc Listing Agent: Tara Roden

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

    Learn more

    Overview

    Alvarado Flex Space For Rent

    This flex space property is situated on 1.5 acres in a location near I-35. The property includes office space and a shop area with three 14 ft doors. Living quarters are also present, featuring two bedrooms and baths, along with an upstairs area suitable for additional living space or other uses. A 26x50 overhang provides covered storage or workspace, complemented by a 2-car carport. The property offers ample space for additional parking or storage, accommodating various business needs.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Auto Parts Store Department Store Food Market HVAC Service Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Alvarado
    County
    Johnson
    State
    Texas
    Longitude
    -97.267363
    Latitude
    32.405501

    Nearby Similar for Lease

    • $6,000 /Mo
      5,500 SF

      Alvarado Office, Shop, and Living

      Office, shop, and living space on 1.5 acres near I-35.
      5408 Highway 67 E, Alvarado, TX 76009
      View Details
    • $1,500 /Mo
      3,659 SF

      Compact Office Cabin on I-35

      512 sq ft office cabin built in 2018 on I-35.
      812 S Parkway Dr, Alvarado, TX 76009
      View Details
    • $2,400 /Mo
      435,600 SF

      Alvarado Industrial Suites For Lease

      Two 1,600 SF industrial suites available for lease in Alvarado.
      8224 Frontage Rd, Alvarado, TX 76009
      View Details
    • $11 SF/Yr
      6,000 SF

      Alvarado Industrial Park - For Lease

      6,000 SF Manufacturing/Flex Space Available
      8721 I-35W, Alvarado, TX 76009
      View Details
    • Contact for pricing
      2,400 SF

      Warehouse Space Near Alvarado

      2400 sq ft warehouse space available for lease.
      4552-4568 J D Mouser Pkwy, Alvarado, TX
      View Details
    • Contact for pricing
      4,000 SF

      Fort Worth Warehouse For Rent

      4,000 sq ft warehouse space with loading dock.
      4577 J D Mouser Pkwy, Alvarado, TX
      View Details
    • $475,000
      2,880 SF

      Metal Building with Fenced Storage

      2,880 SF metal building with large fenced storage.
      4616 E Renfro St, Alvarado, TX 76009
      View Details
    • $9 SF/Yr
      9,600 SF

      9,600 SF Flex Space Available

      Flex space featuring office and warehouse components for lease.
      4544 Maxey Rd, Alvarado, TX 76009
      View Details
    • $7 SF/Yr
      52,000 SF

      Industrial Space Near Major Highways

      Move-in ready industrial suites with highway access.
      4632 County Road 617, Alvarado, TX 76009
      View Details
    • Contact for pricing
      800 SF

      Retail Space Near I-35 W

      Retail space with high visibility and access near I-35 W.
      200-214 Village Park Dr, Alvarado, TX 76009
      View Details
    • $7 SF/Yr
      52,000 SF

      Industrial Suites Near Highways

      Move-in ready industrial suites with highway access and ample parking.
      4632 County Road 617, Alvarado, TX 76009
      View Details
    • $7 SF/Yr
      52,000 SF

      Industrial Suites Near Highways 287/360

      Move-in ready industrial suites with highway access and flexible uses.
      4632 County Road 617, Alvarado, TX 76009
      View Details

    FAQs

    What type of property is this?
    Flex space - Flex space with office, shop, living quarters, and storage.
    Where is this flex space located?
    The property is located at 5408 Highway 67 E Alvarado, TX.
    What are key features of this property?
    This property features: - Prime location with easy access to I-35.; - 1.5 acre lot suitable for business use.; - Large office space and shop area with three 14 ft doors.
    (877) 661-1977
    Request Owner's contact information
    5408 Highway 67 E Alvarado, TX 76009
    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.
    5408 Highway 67 E
    Alvarado, TX 76009
    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
    5408 Highway 67 E Alvarado, TX 76009
    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
    Tara Roden
    (877) 661-1977
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.