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    Corner Retail and Medical Flex Building Title is generated by Realmo AI

    5236 E Highway 67, Alvarado, TX 76009

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    Claim this Listing
    New
    For Sale
    $650,000

    A corner property with substantial Highway 67 frontage, dedicated parking, and multiple restrooms for retail or medical use.

    Type:Commercial
    Property size:
    2,113 SF
    Lot size:
    0.75 Acres
    Price / SF:
    $307/SF
    Added:
    Jun 13, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 16 at 4:37 am

    Property Features for 5236 E Highway 67

    General Information

    Standard status
    Active
    Size
    2,113 SF
    Lot size
    0.75 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1980

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    Listing Contact
    Priscilla Shields
    Priscilla Shields

    Listing agent Priscilla Shields License #0578753

    Listing office Your Home Sold Guaranteed Realty

    Listing date Jun 13, 2026

    Source Signaturere

    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 Your Home Sold Guaranteed Realty

    HighLights

    • 2,113 SF commercial building on a 0.75‑acre corner lot (year built 1980)
    • Nearly 150 ft of Highway 67 frontage with 21,000 vehicles passing daily
    • 18 on‑site parking spaces with easy ingress and egress
    • Large lighted pylon sign plus lighted sign on the building
    • 3 bathrooms including 1 wheelchair‑accessible bathroom
    • Commercial‑grade cooler on‑site with 2 electric meters

    Overview

    This for-sale commercial building totals 2,113 square feet on a 0.75-acre corner lot. The property is currently operated as a florist, and the offering is potentially available with or without the business. Improvements include a large lighted pylon sign and a lighted sign on the building, a commercial-grade cooler, two electric meters, and three bathrooms, including one wheelchair-accessible restroom. With 18 parking spaces and straightforward ingress and egress, the layout supports flexible everyday customer and staff flow.

    Located on Highway 67 in a high-growth corridor, the site has nearly 150 feet of highway frontage and benefits from exposure to an estimated 21,000 vehicles passing daily, per the seller’s remarks. The property is also described as being outside city limits. Nearby context includes a new Walmart development approximately 3 miles away at I-35.

    The current configuration and onsite amenities make this a practical fit for a range of concepts, including retail, medical offices, daycare, and fitness or studio uses, as referenced in the seller’s remarks. The combination of signage, parking, and highway visibility can support businesses that rely on frequent walk-in or drive-by traffic, while the option to take the property with or without the existing operation provides flexibility for prospective tenants or owner-users.

    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 $64.9k $30.72
    − Vacancy −$17.8k −$8.42
    EGI $47.1k $22.30
    − OpEx −$11.8k −$5.58
    NOI $35.3k $16.73
    2,113 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $504.9K
    $441.8K – $589.1K (±1% cap)
    NOI $35,344 @ 7.0% cap · market cap 5.44%
    Second Best
    Retail
    $501.0K
    $438.4K – $584.5K (±1% cap)
    NOI $35,072 @ 7.0% cap · market cap 5.40%
    Theoretical Best
    Multifamily LT 5
    $25.33M
    $22.16M – $29.55M (±1% cap)
    NOI $1,772,945 @ 7.0% cap · market cap 272.76%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Time Out Massage Alternative Medicine Practice

    Suggested Use

    Restaurant Spa & Massage Center Building Supply Auto Repair Shop Big Box & Wholesale Store Hotel & Motel Kitchen & Bath Showroom Department Store Auto Parts Store Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Alvarado
    County
    Johnson
    State
    Texas
    Longitude
    -97.27246
    Latitude
    32.404224

    FAQs

    What type of property is this?
    Retail space - A corner property with substantial Highway 67 frontage, dedicated parking, and multiple restrooms for retail or medical use.
    Where is this retail space located?
    The property is located at 5236 E Highway 67 Alvarado, TX.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: 2,113 SF commercial building on a 0.75‑acre corner lot (year built 1980); Nearly 150 ft of Highway 67 frontage with 21,000 vehicles passing daily; 18 on‑site parking spaces with easy ingress and egress
    More about this property
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