Flex Space with Retail
For Sale
Contact for pricing
400 E Highway 67, Alvarado, TX 76009
Front retail configuration with rear work, storage, office, and secured room.
Property Size1,890 SF
Price / SF$1.85
Days on Market94
Property Features for 400 E Highway 67
General Information
Standard status
Active
Size
1,890 SF
Property subtype
Business
Amenities
bathroom
private bathroom
office space
secured room
sink area
storage
Building Details
Year Built
1995
Listing Agency:
Buck Realty
(817) 866-3700
Listed By:
Tammy Rydell
(817) 648-9499
Source:
Lonestarluxuryrealty
Added: Jul 30
Changed: Oct 29
Last Checked: Oct 30 at 4:07PM
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 Buck Realty
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Investment Insights
Based on property information with market context.
Built in 1995, this 1,890-square-foot flex property combines a front retail area with substantial rear storage or work space. The layout includes an office, a private bathroom serving the rear area, an additional bathroom, a secured room, and a sink area.
The property is located at 400 E Highway 67 in Alvarado, Texas, on a 1+ acre lot. The site provides room for additional parking or another building, subject to applicable requirements. Its mix of retail, office, storage, and work areas supports a range of commercial configurations within a single property.
The property is located at 400 E Highway 67 in Alvarado, Texas, on a 1+ acre lot. The site provides room for additional parking or another building, subject to applicable requirements. Its mix of retail, office, storage, and work areas supports a range of commercial configurations within a single property.
Key Highlights
- 1,890‑square‑foot flex property built in 1995
- Front retail area with rear storage or work areas
- Office, private bathroom, additional bathroom, secured room, and sink area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,255
Suggested Prices Based on Cap Rates
Cap Rate 5%
$185,100
$185.1K
Cap Rate 7%
$132,214
$132.2K
Cap Rate 9%
$102,833
$102.8K
Market Conditions
NOI Build-Up for 1,890 SF
Gross rent
$15.2K $8.04/SF
− Vacancy
−$957 −$0.51/SF
EGI
$14.2K $7.53/SF
− OpEx
−$5.0K −$2.64/SF
NOI
$9.3K $4.90/SF
Area
Johnson County, TX
Vacancy
6.30%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$185,100
Cap Rate 7%
$132,214
Cap Rate 9%
$102,833
Alternative Uses
Best Use
Retail
$448.2K
$392.1K – $522.9K
NOI $31,371 @ 7.0% cap · market cap 896.31%
Second Best
Industrial
$139.5K
$122.1K – $162.8K
NOI $9,765 @ 7.0% cap · market cap 279.00%
Theoretical Best
Multifamily LT 5
$22.65M
$19.82M – $26.43M
NOI $1,585,834 @ 7.0% cap · market cap 45,309.54%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
198
Businesses Nearby
Balanced
Demand for This Use
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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
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Front retail configuration with rear work, storage, office, and secured room.
Where is this flex space located?
The property is located at 400 E Highway 67 Alvarado, TX.
What are key features of this property?
This property features: 1,890‑square‑foot flex property built in 1995; Front retail area with rear storage or work areas; Office, private bathroom, additional bathroom, secured room, and sink area
