Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4632 County Rd 617 Alvarado, TX 76009

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Nine-building complex with suites available, built 2020-2024.

    Type:Industrial
    Property size:
    52,000 SF
    Added:
    Sep 30, 2025
    Days on Market:
    202
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 4632 County Rd 617

    General Information

    Standard status
    Active
    Size
    52,000 SF
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Jeremy Mojica

    Listing agent Jeremy Mojica License #TX

    Listing office Lee & Associates - Dallas/Fort Worth

    Listing date Sep 30, 2025

    Source Crexi

    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 Lee & Associates - Dallas/Fort Worth

    Overview

    New Alvarado Flex Space Complex

    This property is a complex of nine buildings designed for various uses, constructed between 2020 and 2024. The total project size encompasses 52,000 square feet. Suites are available in sizes ranging from 2,500 to 5,000 square feet. The suites feature clear heights of 15 to 16 feet and grade-level loading. The suites have been recently renovated.
    Location Intelligence

    Current Use by Public Records

    King's Garage Auto Repair Shop Cash for Cans Recycling Center

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Nail Salon Gym & Fitness Center Auto Repair Shop Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Alvarado
    County
    Johnson
    State
    Texas
    Longitude
    -97.14505
    Latitude
    32.515915

    Nearby Similar for Sale

    • $550,000

      Alvarado Retail/Office Space For Sale

      High-visibility retail/office space with storage on a 1+ acre lot.
      400 E Highway 67, Alvarado, TX 76009
      View Details
    • $1,500,000

      Income-Producing Mobile Home Park

      Alvarado mobile home park on 6 acres for sale.
      4612 CR 616, Alvarado, TX 76009
      View Details
    • $3,290,000
      13,200 SF

      New Alvarado Apartments with Amenities

      New one-bedroom apartments with modern amenities in a secure setting.
      8092 County Road 604, Alvarado, TX 76009
      View Details
    • $2,499,000
      2,287 SF

      Texas Ranch with Income Potential

      38.72 acre Alvarado ranch with renovated home and income potential.
      3829 Fm 2738, Alvarado, TX 76009
      View Details
    • $1,450,000

      Alvarado Ranch: Ag-Exempt Acreage

      Unrestricted 50.19-acre Alvarado tract, ideal for ranch or investment.
      8317 Gina Lane, Alvarado, TX 76009
      View Details
    • $3,766,500
      2,022 SF

      Historic Ranch Property Near Alvarado

      279-acre ranch with a traditional home and abundant water sources.
      4045 County Road 212, Alvarado, TX 76009
      View Details
    • $174,500

      Spacious Lot in Cotter Oaks

      1.05-acre lot with a 3-bedroom home and mature trees.
      402 S Watson Street, Alvarado, TX 76009
      View Details
    • $375,000
      1,200 SF

      Fenced Commercial Property with Metal Building

      One-acre commercial property with insulated metal building for sale.
      11728 E Fm 917, Alvarado, TX 76009
      View Details
    • $3,290,000
      13,200 SF

      New Apartments in Secure Setting

      New one-bedroom apartments with modern amenities in a secure location.
      8092 County Road 604, Alvarado, TX 76009
      View Details
    • Contact for pricing
      52,000 SF

      Alvarado Specialty Property Near Highways

      52,000 sqft specialty property with highway access in Alvarado, TX.
      4632 County Road 617, Alvarado, TX 76009
      View Details
    • Contact for pricing
      52,000 SF

      Alvarado Specialty Property Near Highways

      Specialty property with convenient access to major highways.
      4632 County Road 617, Alvarado, TX 76009
      View Details
    • Contact for pricing
      52,000 SF

      Alvarado Specialty Property Near Highways

      52,000 sqft specialty property with highway access in Alvarado, TX.
      4632 County Road 617, Alvarado, TX 76009
      View Details

    FAQs

    What type of property is this?
    Flex space - Nine-building complex with suites available, built 2020-2024.
    Where is this flex space located?
    The property is located at 4632 County Rd 617 Alvarado, TX.
    What are key features of this property?
    This property features: Newly Constructed (2020‑2024) Nine‑Building Complex; Flexible Suite Sizes: 2,500 - 5,000 SF Available; Designed for Various Uses
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jeremy Mojica
    Real Estate License ID: TX
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!