Flex Space With Highway
New
For Sale
$399,900
6017 E Highway 67, Alvarado, TX 76009
Versatile commercial property with enclosed yard space, multiple improvements, and truck-accessible drive entrances outside city limits.
Property Size1,712 SF
Lot Size1.00 Acre
Price / SF$233.59
Days on Market4
Property Features for 6017 E Highway 67
General Information
Standard status
Active
Size
1,712 SF
Lot size
1.00 Acre
Site & Location
Road Frontage
206 ft
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Utilities to Site
Yes
Warehouse & Industrial
Warehouse Space
400 SF
Office Build-Out
400 SF
Power
200 amps
Three-Phase Power
Yes
Conditioned Warehouse
Yes
Additional Details
Land Use
commercial, industrial
Amenities
200 Amp panel
3-phase power available
central AC
mini-split system
dual drive entrances
Building Details
Year Built
1970
Buildings
3
Listing Agency:
CENTURY 21 Judge Fite Co.
Listed By:
John Dunwoody · License #0497495
(817) 501-6878
Source:
Christenberrygroup
Added: Sep 9
Changed: Sep 10
Last Checked: Sep 12 at 10:49AM
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 CENTURY 21 Judge Fite Co.
Investment Insights
Based on property information with market context.
This flex-space property offers a one-acre commercial site outside city limits with more than 206 feet of frontage along Highway 67. Improvements include a 400-square-foot climate-controlled detached shop or warehouse, a 400-square-foot furnished front office, and a furnished two-bedroom, one-bath structure with a bonus room that can serve as additional office space or be converted into a third bedroom. Central AC and a mini-split system provide climate control across the improvements.
The fully fenced property is secured by a perimeter gate and includes two drive entrances designed for heavy-duty truck and trailer access. Electrical service includes an upgraded 200-amp panel, with three-phase power available from the electric company. The site is approximately one mile from Interstate 35W and near the planned Walmart development at the I-35W and Highway 67 intersection.
The fully fenced property is secured by a perimeter gate and includes two drive entrances designed for heavy-duty truck and trailer access. Electrical service includes an upgraded 200-amp panel, with three-phase power available from the electric company. The site is approximately one mile from Interstate 35W and near the planned Walmart development at the I-35W and Highway 67 intersection.
Key Highlights
- 1‑acre commercial site with 206 PLUS Ft Hwy 67 frontage
- 400 SF climate‑controlled detached shop‑warehouse
- 400 SF fully furnished front office
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
$11,905
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
2.98%
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%
$238,100
$238.1K
Cap Rate 7%
$170,071
$170.1K
Cap Rate 9%
$132,278
$132.3K
Market Conditions
NOI Build-Up for 1,712 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
$15.4K $9.00/SF
− Vacancy
−$1.4K −$0.82/SF
EGI
$14.0K $8.18/SF
− OpEx
−$2.1K −$1.23/SF
NOI
$11.9K $6.95/SF
Area
Johnson County, TX
Vacancy
9.10%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
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%
$238,100
Cap Rate 7%
$170,071
Cap Rate 9%
$132,278
Alternative Uses
Best Use
Warehouse
$170.1K
$148.8K – $198.4K
NOI $11,905 @ 7.0% cap · market cap 2.98%
Second Best
Industrial
$126.4K
$110.6K – $147.4K
NOI $8,845 @ 7.0% cap · market cap 2.21%
Theoretical Best
Multifamily LT 5
$20.52M
$17.96M – $23.94M
NOI $1,436,480 @ 7.0% cap · market cap 359.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
61
Businesses Nearby
Balanced
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial property with enclosed yard space, multiple improvements, and truck-accessible drive entrances outside city limits.
Where is this flex space located?
The property is located at 6017 E Highway 67 Alvarado, TX.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 1‑acre commercial site with 206 PLUS Ft Hwy 67 frontage; 400 SF climate‑controlled detached shop‑warehouse; 400 SF fully furnished front office
