Commercial Building in Alvord,
403 W Franklin Street, Alvord, TX 76225
New
Office - Alvord, TX
Type:Office
Property size:
2,000 SFLot size:
0.46 AcresPrice / SF:
$269/SF- Added:
- May 15, 2026
- Days on Market:
- 2
- Last Refresh:
- May 16 at 2:06 pm
Property Features for 403 W Franklin Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Standard status
- Active
- APN
- 768389
- Size
- 2,000 SF
- Lot size
- 0.46 Acres
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Flooring type
- Concrete
- Roof type
- Composition
- Architectural style
- Other
Listing agent Jessica Stapleton License #0751556 (940) 210-5090
Listing office Taylor & Co Realty 155 CR 2691, Alvord, TX (940) 210-5090
Listing date May 15, 2026
MLS# 21272195
Listing URL
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Spacious 2,906 sq ft historic home with 4 bedrooms and 3 baths, blending original 1918 charm with modern updates.
- Large 0.46‑acre corner lot with white picket fence, mature pecan trees, and storm shelter.
- Ideal location within walking distance to Alvord ISD, grocery store, post office, and bank.
- Features include a large front porch, impressive staircase, abundant natural light, and new luxury vinyl plank flooring.
- Includes smart home features such as surround sound and a water filtration system.
- Bonus commercial building (2,000+ sq ft with six rooms and two restrooms) zoned commercial, offering business or income potential (reference MLS 21186149).
Overview
This commercial building, located in Alvord, Texas, offers over 2,000 square feet of space. The building includes six rooms and two restrooms. Zoned for commercial use, it presents a business opportunity suitable for an office space or studio, with additional income potential. The property is situated on a 0.46-acre corner lot. The location is near Alvord ISD, the grocery store, post office, and bank. Additionally, a two-story home is located on the same lot, featuring 4 bedrooms, 3 baths, and 2,906 square feet. The home includes a large front porch, an impressive staircase, oversized windows, and new luxury vinyl plank flooring. The kitchen provides ample space for gatherings. The property is enclosed by a white picket fence and shaded by mature pecan trees. A storm shelter is located in the backyard.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$371.7K
NOI $33,454 @ 9.00% cap · cautious / downside scenario
Moderate
$477.9K
NOI $33,454 @ 7.00% cap · market / base-case scenario
Aggressive
$669.1K
NOI $33,454 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.4k | $30.72 |
| − Vacancy | −$16.8k | −$8.42 |
| EGI | $44.6k | $22.30 |
| − OpEx | −$11.2k | −$5.58 |
| NOI | $33.5k | $16.73 |
2,000 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$477.9K
$418.2K – $557.6K
NOI $33,454 @ 7.0% cap · market cap 6.21%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.51M
$1.32M – $1.76M
NOI $105,450 @ 7.0% cap · market cap 19.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Office Units
Location Insight
- Map
- Local Demand
- City
- Alvord
- County
- Wise
- State
- Texas
- Longitude
- -97.6987187
- Latitude
- 33.3594891
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - Commercial building with six rooms, suitable for various business uses.
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: Spacious 2,906 sq ft historic home with 4 bedrooms and 3 baths, blending original 1918 charm with modern updates.; Large 0.46‑acre corner lot with white picket fence, mature pecan trees, and storm shelter.; Ideal location within walking distance to Alvord ISD, grocery store, post office, and bank.
