Remodeled Office Suite with
1000 E Highway 67 Alvarado, TX 76009
1000 E Highway 67, Alvarado, TX, 76009
Contact for pricing
For Sale
Contact for pricing
Pending
Remodeled office interior with five offices, conference room, reception area, kitchen, and bath, plus covered and uncovered parking.
Property Size1,125 SF
Days on Market832
Property Features for 1000 E Highway 67
General Information
- Standard status
- Pending
- Size
- 1,125 SF
- Property subtype
- Industrial, Land
Listing agency
Coldell Banker Apex Realtors
Listed by
Judy Oaks · License #TX
Source
Crexi
Added: Apr 12, 2024 Updated: Jul 20 at 9:32PM Checked: Jul 22 at 8:05AM
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
Local 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 | $34.6k | $30.72 |
| − Vacancy | −$9.5k | −$8.42 |
| EGI | $25.1k | $22.30 |
| − OpEx | −$6.3k | −$5.58 |
| NOI | $18.8k | $16.73 |
1,125 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Finn-Tastic Plumbing
Plumbing Service
Similar For Sale Nearby
FAQs
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
