Historic Two-Story Office
For Sale
$539,000
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.
Property Size2,160 SF
Lot Size0.46 Acres
Price / SF$249.54
Days on Market83
Property Features for 403 W Franklin Street
General Information
Standard status
Active
Size
2,160 SF
Lot size
0.46 Acres
Property subtype
Office
Building Details
Year Built
1918
Listing Agency:
Taylor & Co Realty
Listed By:
Jessica Stapleton
Source:
Xome
Added: May 10
Changed: Jul 10
Last Checked: Jun 15 at 5:14AM
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
Investment Insights
Based on property information with market context.
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.
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.
Key Highlights
- 2,000+ SF commercial building with six rooms and two restrooms
- Zoned commercial
- Central air cooling and heating system indicated as '3'
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
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
NOI $113,886 @ 7.0% cap · market cap 21.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
104
Businesses Nearby
Explore this area
Business Placement
Demographics for 76225, TX
3,789
Population
1,460
Households
2.6
Avg Household Size
39
Median Age
25%
College-Educated
93%
High-School Grad
105.4 sq mi
ZIP Area
36
Density / Sq Mi
$71,625
Median Household Income
$50,044
Median Earnings
$951
Median Rent
$281,700
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 - 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'
