6905 Alcove Ave Wolfforth, TX 79382
Garden offices in growing Wolfforth, TX with investment upside.
Property Features for 6905 Alcove Ave
General Information
- Standard status
- Active
- Size
- 4,550 SF
- Property subtype
- Office
Building Details
- Year Built
- 2024
Listing office NAI Wheelhouse (806) 200-3244
Listing date Feb 28, 2024
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of NAI Wheelhouse
Investment Insights
Based on property information with market context.
Key Highlights
- Value‑add opportunity with vacant Suite 100, perfect for owner‑user.
- $39,600 Net Operating Income (NOI) from leased Suite 200.
- Located in the brand new West Business Park Development.
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 | $95.6k | $21.00 |
| − Vacancy | −$16.2k | −$3.57 |
| EGI | $79.3k | $17.43 |
| − OpEx | −$19.8k | −$4.36 |
| NOI | $59.5k | $13.07 |
