Corner Retail and Medical Flex
5236 E Highway 67 Alvarado, TX 76009
For Sale
$650,000
A corner property with substantial Highway 67 frontage, dedicated parking, and multiple restrooms for retail or medical use.
Property Size2,113 SF
Lot Size0.75 Acres
Price / SF$307.62
Days on Market43
Property Features for 5236 E Highway 67
General Information
- Standard status
- Active
- Size
- 2,113 SF
- Lot size
- 0.75 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1980
Listing Agency:
Your Home Sold Guaranteed Realty
(817) 528-9114
Listed By:
Priscilla Shields · License #0578753
(817) 528-9114
Source:
Signaturere
Added: Jun 13
Changed: Jul 10
Last Checked: Jul 24 at 5:07PM
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 Your Home Sold Guaranteed Realty
Investment Insights
Based on property information with market context.
This for-sale commercial building totals 2,113 square feet on a 0.75-acre corner lot. The property is currently operated as a florist, and the offering is potentially available with or without the business. Improvements include a large lighted pylon sign and a lighted sign on the building, a commercial-grade cooler, two electric meters, and three bathrooms, including one wheelchair-accessible restroom. With 18 parking spaces and straightforward ingress and egress, the layout supports flexible everyday customer and staff flow.
Located on Highway 67 in a high-growth corridor, the site has nearly 150 feet of highway frontage and benefits from exposure to an estimated 21,000 vehicles passing daily, per the seller’s remarks. The property is also described as being outside city limits. Nearby context includes a new Walmart development approximately 3 miles away at I-35.
The current configuration and onsite amenities make this a practical fit for a range of concepts, including retail, medical offices, daycare, and fitness or studio uses, as referenced in the seller’s remarks. The combination of signage, parking, and highway visibility can support businesses that rely on frequent walk-in or drive-by traffic, while the option to take the property with or without the existing operation provides flexibility for prospective tenants or owner-users.
Located on Highway 67 in a high-growth corridor, the site has nearly 150 feet of highway frontage and benefits from exposure to an estimated 21,000 vehicles passing daily, per the seller’s remarks. The property is also described as being outside city limits. Nearby context includes a new Walmart development approximately 3 miles away at I-35.
The current configuration and onsite amenities make this a practical fit for a range of concepts, including retail, medical offices, daycare, and fitness or studio uses, as referenced in the seller’s remarks. The combination of signage, parking, and highway visibility can support businesses that rely on frequent walk-in or drive-by traffic, while the option to take the property with or without the existing operation provides flexibility for prospective tenants or owner-users.
Key Highlights
- 2,113 SF commercial building on a 0.75‑acre corner lot (year built 1980)
- Nearly 150 ft of Highway 67 frontage with 21,000 vehicles passing daily
- 18 on‑site parking spaces with easy ingress and egress
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.9k | $30.72 |
| − Vacancy | −$17.8k | −$8.42 |
| EGI | $47.1k | $22.30 |
| − OpEx | −$11.8k | −$5.58 |
| NOI | $35.3k | $16.73 |
2,113 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$504.9K
$441.8K – $589.1K
NOI $35,344 @ 7.0% cap · market cap 5.44%
Second Best
Retail
$501.0K
$438.4K – $584.5K
NOI $35,072 @ 7.0% cap · market cap 5.40%
Theoretical Best
Multifamily LT 5
$25.33M
$22.16M – $29.55M
NOI $1,772,945 @ 7.0% cap · market cap 272.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Time Out Massage
Alternative Medicine Practice
FAQs
What type of property is this?
Retail space - A corner property with substantial Highway 67 frontage, dedicated parking, and multiple restrooms for retail or medical use.
Where is this retail space located?
The property is located at 5236 E Highway 67 Alvarado, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2,113 SF commercial building on a 0.75‑acre corner lot (year built 1980); Nearly 150 ft of Highway 67 frontage with 21,000 vehicles passing daily; 18 on‑site parking spaces with easy ingress and egress
