Remodeled Office Suite with
For Sale
Contact for pricing
1000 E Highway 67, Alvarado, TX 76009
Remodeled office interior with five offices, conference room, reception area, kitchen, and bath, plus covered and uncovered parking.
Property Size1,125 SF
Price / SF$555.47
Days on Market880
Property Features for 1000 E Highway 67
General Information
Standard status
Active
Size
1,125 SF
Total Parking Spaces
19
Property subtype
Industrial, Land
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Listing Agency:
Coldell Banker Apex Realtors
Listed By:
Judy Oaks · License #TX
Source:
Crexi
Added: Apr 12, 2024
Changed: Aug 14
Last Checked: Sep 8 at 4:57AM
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 Coldell Banker Apex Realtors
Investment Insights
Based on property information with market context.
Remodeled office building offering five offices, a conference room, and a reception area. The interior also includes a kitchen and bath. The property’s exterior features an iron gate and covered parking for two automobiles, along with 17 additional parking spaces.
Convenient access to the interstate is described via Highway 67 to Dallas, and north on I-35 to Fort Worth.
Overall, the layout provides dedicated private office space supported by shared conference and reception areas, with on-site parking capacity for employees and visitors.
Convenient access to the interstate is described via Highway 67 to Dallas, and north on I-35 to Fort Worth.
Overall, the layout provides dedicated private office space supported by shared conference and reception areas, with on-site parking capacity for employees and visitors.
Key Highlights
- Remodeled office space with 5 offices, conference room, reception area, kitchen, and bath
- Covered parking for 2 automobiles plus 17 additional parking places
- Iron gate surrounds the property
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
$18,818
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
3.01%
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%
$376,360
$376.4K
Cap Rate 7%
$268,829
$268.8K
Cap Rate 9%
$209,089
$209.1K
Market Conditions
NOI Build-Up for 1,125 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
$34.6K $30.72/SF
− Vacancy
−$9.5K −$8.42/SF
EGI
$25.1K $22.30/SF
− OpEx
−$6.3K −$5.58/SF
NOI
$18.8K $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 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%
$376,360
Cap Rate 7%
$268,829
Cap Rate 9%
$209,089
Alternative Uses
Best Use
Office B
$268.8K
$235.2K – $313.6K
NOI $18,818 @ 7.0% cap · market cap 3.01%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$13.48M
$11.80M – $15.73M
NOI $943,949 @ 7.0% cap · market cap 151.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
231
Businesses Nearby
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Remodeled office interior with five offices, conference room, reception area, kitchen, and bath, plus covered and uncovered parking.
Where is this office units located?
The property is located at 1000 E Highway 67 Alvarado, TX.
What is the asking price?
The asking price for this property is $624,900.
What are key features of this property?
This property features: Remodeled office space with 5 offices, conference room, reception area, kitchen, and bath; Covered parking for 2 automobiles plus 17 additional parking places; Iron gate surrounds the property
