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    Historic Two-Story Office Building Title is generated by Realmo AI

    403 W Franklin Street, Alvord, TX 76225

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    For Sale
    $539,000

    Historic two-story commercial building with multiple rooms and two restrooms, offering flexible setups for office or studio use.

    Type:Office
    Property size:
    2,160 SF
    Lot size:
    0.46 Acres
    Price / SF:
    $249/SF
    Added:
    May 8, 2026
    Days on Market:
    39
    Last Refresh:
    Jun 15 at 5:14 am

    Property Features for 403 W Franklin Street

    General Information

    Standard status
    Active
    Size
    2,160 SF
    Lot size
    0.46 Acres
    Property subtype
    Office

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    Listing Contact
    Jessica Stapleton

    Listing agent Jessica Stapleton

    Listing office Taylor & Co Realty

    Listing date May 8, 2026

    Source Xome

    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 Taylor & Co Realty

    HighLights

    • 2,000+ SF commercial building with six rooms and two restrooms
    • Zoned commercial
    • Central air cooling and heating system indicated as '3'
    • No pool

    Overview

    This listing features a two-story building described as a beautifully maintained 1918 home, positioned for commercial use. The property includes six rooms and two restrooms, along with interior character such as an impressive staircase and original/custom woodwork. Recent updates are noted with new luxury vinyl plank flooring and abundant natural light from oversized windows, complemented by an inviting kitchen. Additional reported features include surround sound and a water filtration system. Outside, the setting is described on a 0.46-acre corner lot with mature pecan trees, a classic white picket fence, and a storm shelter in the backyard.

    The property is located at 403 W Franklin Street in Alvord, Texas, on a corner lot. The listing notes the building is zoned commercial. Nearby points referenced include Alvord ISD, a grocery store, a post office, and a bank.

    For tenants, buyers, or operators seeking space that can support office and studio-style use, the combination of multiple interior rooms, two restrooms, and flexible room layout can accommodate a variety of business setups. Because the property is specifically identified as zoned commercial, it may fit users looking to establish operations in a historic, character-filled building while maintaining the practical amenities of restrooms already on site.

    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 $66.4k $30.72
    − Vacancy −$18.2k −$8.42
    EGI $48.2k $22.30
    − OpEx −$12.0k −$5.58
    NOI $36.1k $16.73
    2,160 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $516.1K
    $451.6K – $602.2K (±1% cap)
    NOI $36,130 @ 7.0% cap · market cap 6.70%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Hotel Hospitality
    $1.63M
    $1.42M – $1.90M (±1% cap)
    NOI $113,886 @ 7.0% cap · market cap 21.13%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Spa & Massage Center Building Supply Auto Repair Shop Big Box & Wholesale Store Hotel & Motel Auto Parts Store Department Store Food Market Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Alvord
    County
    Wise
    State
    Texas
    Longitude
    -97.69915
    Latitude
    33.359783

    FAQs

    What type of property is this?
    Office units - Historic two-story commercial building with multiple rooms and two restrooms, offering flexible setups for office or studio use.
    Where is this office units located?
    The property is located at 403 W Franklin Street Alvord, TX.
    What is the asking price?
    The asking price for this property is $539,000.
    What are key features of this property?
    This property features: 2,000+ SF commercial building with six rooms and two restrooms; Zoned commercial; Central air cooling and heating system indicated as '3'
    More about this property
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