Warehouse with Loading
709 S Parkway Drive, Alvarado, TX 76009
For Sale
$500,000
CommercialSale, Alvarado, TX
Property Size5,200 SF
Lot Size0.72 Acres
Price / SF$96.15
Days on Market36
Property Features for 709 S Parkway Drive
General Information
Property type
Property subtype
Zoning description
Subdivision
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Grandview Real Estate
Listed By:
James Wren · License TX #0815922
(817) 866-3339
Added: Oct 9
Changed: Nov 9
Last Checked: Nov 13 at 8:06PM
MLS# 21407356
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.
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Investment Insights
Based on property information with market context.
The metal-sided warehouse at 709 S Parkway Drive includes office space, roll-up doors, and a loading dock. The building contains 5,200 square feet on a 0.715-acre lot and was built in 1985. Concrete flooring, central heating and air conditioning, and a metal roof are also present.
The property has public water and public sewer service.
The property has public water and public sewer service.
Key Highlights
- 5,200‑square‑foot warehouse on a 0.715‑acre lot
- Loading dock and roll‑up doors
- Office space within the warehouse
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,160
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$723,200
$723.2K
Cap Rate 7%
$516,571
$516.6K
Cap Rate 9%
$401,778
$401.8K
Market Conditions
NOI Build-Up for 5,200 SF
Gross rent
$46.8K $9.00/SF
− Vacancy
−$4.3K −$0.82/SF
EGI
$42.5K $8.18/SF
− OpEx
−$6.4K −$1.23/SF
NOI
$36.2K $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 Rate 5%
$723,200
Cap Rate 7%
$516,571
Cap Rate 9%
$401,778
Alternative Uses
Best Use
Warehouse
$516.6K
$452.0K – $602.7K
NOI $36,160 @ 7.0% cap · market cap 7.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $99,965 @ 7.0% cap · market cap 19.99%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
91
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
$211,000
Median Home Value
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Market
Average Price Trend$/SF for Warehouses in Johnson County, TX
Properties on Market for Warehouses in Johnson County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Warehouse - Office space, roll-up doors, and a loading dock support a range of warehouse operations.
Where is this warehouse located?
The property is located at 709 S Parkway Drive Alvarado, TX.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 5,200‑square‑foot warehouse on a 0.715‑acre lot; Loading dock and roll‑up doors; Office space within the warehouse
