Updated Office
For Sale
$197,500
Pending
702 W 5th Street, Clifton, TX 76634
CommercialSale, Clifton, TX
Property Size1,200 SF
Lot Size0.10 Acres
Days on Market50
Property Features for 702 W 5th Street
General Information
Property type
Commercial Sale
Property subtype
Office
Parking features
Driveway, Garage, Parking Lot
Directions
From the stoplight in Clifton, Texas, go West on FM 219 towards Cranfills Gap, .07 miles; look for the sign.
Standard status
Pending
APN
R01629
Lot size
0.10 Acres
Taxes and HOA fees
Tax Description
CLIFTON (UNPLATTED PORTION A-499 F LUNDT) BLO
Tax Annual Amount
1942
Legal Description
CLIFTON (UNPLATTED PORTION A-499 F LUNDT) BLO
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric
Water source
Public
Building Details
Year built
1965
Floors in Building
1
Number of units
1
Flooring type
Vinyl
Building materials
Brick
Roof type
Composition
Listing Agency:
COBB RANCH PROPERTIES, LLC
(254) 253-0157
Listed By:
Tai Cobb Klam · License #0594871
(254) 253-0157
Added: Jul 11
Changed: Aug 21
Last Checked: Aug 29 at 3:06AM
MLS# 21261016
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.
Investment Insights
Based on property information with market context.
This brick office property at 702 W 5th Street includes approximately 1,100–1,200 square feet, based on the floor plan. An update completed in 2014 supports the existing configuration, which includes a lobby with reception bar, two flexible rooms, two restrooms, and a storage closet. The rooms can function as offices, a break room, or flex space. Vinyl flooring, electric heating and cooling, public water, and public sewer are in place.
The property sits 0.07 miles from the traffic signal at Highway 6 and FM 219 in Clifton, with access from W 5th Street. Parking features include a driveway, garage, and parking lot. Its location along a route serving local and through traffic supports office, retail, and service-oriented use as identified in the property information.
The property sits 0.07 miles from the traffic signal at Highway 6 and FM 219 in Clifton, with access from W 5th Street. Parking features include a driveway, garage, and parking lot. Its location along a route serving local and through traffic supports office, retail, and service-oriented use as identified in the property information.
Key Highlights
- Approximately 1,100–1,200 sq ft based on the floor plan
- Updated in 2014; buyer to verify building size
- 0.07 miles from the Highway 6 and FM 219 stoplight
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
$16,683
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
8.45%
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%
$333,660
$333.7K
Cap Rate 7%
$238,329
$238.3K
Cap Rate 9%
$185,367
$185.4K
Market Conditions
NOI Build-Up for 1,200 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
$26.6K $22.20/SF
− Vacancy
−$4.4K −$3.66/SF
EGI
$22.2K $18.54/SF
− OpEx
−$5.6K −$4.63/SF
NOI
$16.7K $13.90/SF
Area
Bosque County, TX
Vacancy
16.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
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%
$333,660
Cap Rate 7%
$238,329
Cap Rate 9%
$185,367
Alternative Uses
Best Use
Office B
$238.3K
$208.5K – $278.1K
NOI $16,683 @ 7.0% cap · market cap 8.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$316.6K
$277.0K – $369.4K
NOI $22,162 @ 7.0% cap · market cap 11.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
422
Businesses Nearby
Explore this area
Business Placement
Demographics for 76634, TX
7,313
Population
3,660
Households
2
Avg Household Size
52
Median Age
29%
College-Educated
87%
High-School Grad
284.0 sq mi
ZIP Area
26
Density / Sq Mi
$72,654
Median Household Income
$41,075
Median Earnings
$920
Median Rent
$190,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Brick commercial property with a lobby, multiple rooms, restrooms, storage, and on-site parking.
Where is this office units located?
The property is located at 702 W 5th Street Clifton, TX.
What is the asking price?
The asking price for this property is $197,500.
What are key features of this property?
This property features: Approximately 1,100–1,200 sq ft based on the floor plan; Updated in 2014; buyer to verify building size; 0.07 miles from the Highway 6 and FM 219 stoplight
