Metal Building with Highway Frontage

4728 E Highway 67, Alvarado, TX 76009

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For Sale

$1,500,000

5000+ sq ft metal building with office and residential home.

Type:Business Opportunities

Property size:

5,000 SF

Price / SF:

$300/SF

HighLights

Over 5000 sq ft metal commercial building with office space
Four‑bedroom home with two full baths, updated with new flooring, granite countertops in kitchen, and new paint
Over 250 feet of highway frontage
Three roll‑up doors in the commercial building provide easy access
864 sq ft of office space in the commercial building
Light industrial zoning

We can help!

Listing Contact

Texas Real Estate Professionals

For Sale

$1,500,000

5000+ sq ft metal building with office and residential home.

Type:Business Opportunities

Property size:

5,000 SF

Price / SF:

$300/SF

Added:: Oct 26, 2018
Days on Market:: 2795
Last Refresh:: May 12 at 8:53 pm

Property Features for 4728 E Highway 67

General Information

Standard status: Active
Size: 5,000 SF
Property subtype: Business Opportunities

Building Details

Year Built: 2012

We can help!

Listing Contact

Texas Real Estate Professionals

Listing agent Texas Real Estate Professionals License #0483529

Listing office Texas Real Estate Professionals

Listing date Oct 26, 2018

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 Texas Real Estate Professionals

HighLights

Over 5000 sq ft metal commercial building with office space
Four‑bedroom home with two full baths, updated with new flooring, granite countertops in kitchen, and new paint
Over 250 feet of highway frontage
Three roll‑up doors in the commercial building provide easy access
864 sq ft of office space in the commercial building
Light industrial zoning

Overview

This property features a metal building exceeding 5000 square feet, which includes 864 square feet of office space. The building has three roll-up doors and over 250 feet of highway frontage, suitable for light industrial use. Additionally, the property includes a four-bedroom home with two full bathrooms. The home has been updated with new flooring, granite countertops in the kitchen, and new paint throughout. The commercial building and the home share the same septic system and must be sold together. The parcel for the home is 126088200372.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$153.6k	$30.72
− Vacancy	−$42.1k	−$8.42
EGI	$111.5k	$22.30
− OpEx	−$27.9k	−$5.58
NOI	$83.6k	$16.73

5,000 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.19M

$1.05M – $1.39M (±1% cap)

NOI $83,635 @ 7.0% cap · market cap 5.58%

Second Best

Industrial

$369.1K

$322.9K – $430.6K (±1% cap)

NOI $25,834 @ 7.0% cap · market cap 1.72%

Theoretical Best

Multifamily LT 5

$59.93M

$52.44M – $69.92M (±1% cap)

NOI $4,195,328 @ 7.0% cap · market cap 279.69%

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

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Location Insight

Map
Local Demand

City: Alvarado
County: Johnson
State: Texas
Longitude: -97.285467
Latitude: 32.400076

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For sale
Flex space
TX
Alvarado
76009
4728 E Highway 67

What type of property is this?

Flex space - 5000+ sq ft metal building with office and residential home.

Where is this flex space located?

The property is located at 4728 E Highway 67 Alvarado, TX.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: Over 5000 sq ft metal commercial building with office space; Four‑bedroom home with two full baths, updated with new flooring, granite countertops in kitchen, and new paint; Over 250 feet of highway frontage