Corner Storefront
For Sale
$650,000
5236 E Highway 67, Alvarado, TX 76009
Corner-site retail building with prominent signage, on-site parking, and existing commercial improvements.
Property Size2,113 SF
Lot Size0.75 Acres
Price / SF$307.62
Days on Market18
Property Features for 5236 E Highway 67
General Information
Standard status
Active
Size
2,113 SF
Total Parking Spaces
18
Lot size
0.75 Acres
Site & Location
Corner Location
Yes
Pylon Signage
Yes
Traffic Count
21,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Amenities
lighted sign on building
commercial-grade cooler
2 electric meters
3 bathrooms (1 bathroom is wheelchair accessible)
Building Details
Year Built
1980
Buildings
1
Building Size
2,113 SF
Tenancy
Single
Abandoned
No
Listing Agency:
Your Home Sold Guaranteed Realty
(254) 768-0190
Listed By:
Priscilla Shields · License #0578753
Source:
Heritance
Added: Aug 12
Changed: Aug 28
Last Checked: Aug 25 at 8:43AM
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
Investment Insights
Based on property information with market context.
This storefront property includes a 2,113-square-foot building on a 0.75-acre corner parcel along Highway 67. The improvements include a commercial-grade cooler, two electric meters, three bathrooms—including one wheelchair-accessible bathroom—and 18 parking spaces. A florist business currently operates from the building, and the real estate may be acquired with or without the business.
The property provides nearly 150 feet of highway frontage and recorded traffic of 21,000 vehicles per day. Signage includes a lighted pylon sign and an illuminated building sign. The site is outside city limits and is approximately 3 miles from a new Walmart development at I-35. The configuration is identified for retail, medical office, daycare, fitness studio, and franchise uses.
The property provides nearly 150 feet of highway frontage and recorded traffic of 21,000 vehicles per day. Signage includes a lighted pylon sign and an illuminated building sign. The site is outside city limits and is approximately 3 miles from a new Walmart development at I-35. The configuration is identified for retail, medical office, daycare, fitness studio, and franchise uses.
Key Highlights
- 2,113 SF building on a 0.75‑acre corner lot
- Nearly 150 feet of frontage along Highway 67
- 21,000 vehicles pass daily; approximately 3 miles from new Walmart development at I‑35
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,072
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$701,440
$701.4K
Cap Rate 7%
$501,029
$501.0K
Cap Rate 9%
$389,689
$389.7K
Market Conditions
NOI Build-Up for 2,113 SF
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.
Gross rent
$52.7K $24.96/SF
− Vacancy
−$2.6K −$1.25/SF
EGI
$50.1K $23.71/SF
− OpEx
−$15.0K −$7.11/SF
NOI
$35.1K $16.60/SF
Area
Johnson County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$701,440
Cap Rate 7%
$501,029
Cap Rate 9%
$389,689
Alternative Uses
Best Use
Retail
$501.0K
$438.4K – $584.5K
NOI $35,072 @ 7.0% cap · market cap 5.40%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$25.33M
$22.16M – $29.55M
NOI $1,772,945 @ 7.0% cap · market cap 272.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
21,000 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
59
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76009, TX
23,376
Population
7,648
Households
3.1
Avg Household Size
37
Median Age
14%
College-Educated
75%
High-School Grad
98.0 sq mi
ZIP Area
239
Density / Sq Mi
$73,696
Median Household Income
$38,841
Median Earnings
$1,202
Median Rent
$211,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Hearts & Flowers — 5236 US-67, Alvarado, TX 76009
Frequently Asked Questions
What type of property is this?
Storefront property - Corner-site retail building with prominent signage, on-site parking, and existing commercial improvements.
Where is this storefront property 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 building on a 0.75‑acre corner lot; Nearly 150 feet of frontage along Highway 67; 21,000 vehicles pass daily; approximately 3 miles from new Walmart development at I‑35
