403 W Franklin Street, Alvord, TX 76225
Historic two-story commercial building with multiple rooms and two restrooms, offering flexible setups for office or studio use.
- 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
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
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Alvord
- County
- Wise
- State
- Texas
- Longitude
- -97.69915
- Latitude
- 33.359783