Flex Space with Secured
6017 E Highway 67, Alvarado, TX 76009
For Sale
$399,999
CommercialSale, Alvarado, TX
Property Size2,096 SF
Lot Size1.00 Acre
Price / SF$190.84
Days on Market23
Property Features for 6017 E Highway 67
General Information
Property type
Property subtype
Zoning description
Parking features
Subdivision
Directions
Standard status
APN
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Compass RE Texas , LLC
Listed By:
Michelle Stuart · License TX #0588743
(214) 814-8100
Added: Oct 22
Changed: Oct 29
Last Checked: Nov 13 at 8:06PM
MLS# 21415493
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1-acre flex property includes a 1,296-square-foot furnished building with two bedrooms, a three-piece bath, full kitchen, living area, bonus room, oversized carport, and central HVAC. A separate 800-square-foot shop and warehouse is divided between an insulated shop with a mini-split system and finished office space with its own mini-split. The yard is fenced, gated, and accessible through two driveways. Electrical service includes an upgraded 200-amp panel; three-phase power is available at the road, and fiber internet is ready. Water service is provided by Bethany SUD, with a septic tank on site.
Outside city limits, the property has approximately 214 feet of frontage on Highway 67 and sits 1 mile from I-35W. The highway carries more than 26,000 vehicles per day, according to the provided property information.
Outside city limits, the property has approximately 214 feet of frontage on Highway 67 and sits 1 mile from I-35W. The highway carries more than 26,000 vehicles per day, according to the provided property information.
Key Highlights
- 1 acre outside city limits with approximately 214 feet of frontage on Highway 67
- 1 mile from I‑35W; Highway 67 traffic is reported at more than 26,000 vehicles per day
- 1,296‑square‑foot furnished building with 2 bedrooms, a three‑piece bath, kitchen, living area, and bonus room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,222
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$424,440
$424.4K
Cap Rate 7%
$303,171
$303.2K
Cap Rate 9%
$235,800
$235.8K
Market Conditions
NOI Build-Up for 2,096 SF
Gross rent
$37.7K $18.00/SF
− Vacancy
−$3.8K −$1.80/SF
EGI
$34.0K $16.20/SF
− OpEx
−$12.7K −$6.07/SF
NOI
$21.2K $10.13/SF
Area
Johnson County, TX
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$424,440
Cap Rate 7%
$303,171
Cap Rate 9%
$235,800
Alternative Uses
Best Use
Mixed Use
$303.2K
$265.3K – $353.7K
NOI $21,222 @ 7.0% cap · market cap 5.31%
Second Best
Warehouse
$208.2K
$182.2K – $242.9K
NOI $14,575 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$575.6K
$503.7K – $671.6K
NOI $40,294 @ 7.0% cap · market cap 10.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
$211,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Flex space in Johnson County, TX
Properties on Market for Flex space in Johnson County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - A furnished building and detached shop support office, workspace, and yard functions on a highway-fronting property.
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 $399,999.
What are key features of this property?
This property features: 1 acre outside city limits with approximately 214 feet of frontage on Highway 67; 1 mile from I‑35W; Highway 67 traffic is reported at more than 26,000 vehicles per day; 1,296‑square‑foot furnished building with 2 bedrooms, a three‑piece bath, kitchen, living area, and bonus room
