Warehouse with Loading
New
For Sale
$450,000
709 S Parkway Drive, Alvarado, TX 76009
Commercial zoning and on-site office space support a range of warehouse operations.
Property Size5,200 SF
Price / SF$86.54
Days on Market4
Property Features for 709 S Parkway Drive
General Information
Standard status
Active
Size
5,200 SF
Property subtype
Commercial
Zoning
Commercial
Building Details
Building Size
5,200 SF
Year Built
1985
Buildings
1
Stories
1
Units
1
Listing Agency:
BOURQUIN REALTY
Listed By:
David Bourquin · License #0596715
(940) 329-5070
Source:
Bourquinrealty
Added: Oct 19
Changed: Oct 22
Last Checked: Oct 22 at 2:37PM
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 BOURQUIN REALTY
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Investment Insights
Based on property information with market context.
This 5,200-square-foot warehouse, built in 1985, includes office space, roll-up doors, and a loading dock. The property is zoned Commercial and is located at 709 S Parkway Drive in Alvarado, Texas.
Key Highlights
- 5,200‑square‑foot warehouse building
- Office space within the building
- Roll‑up doors and a loading dock
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,160
Cap Rate
8.04%
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 8.04%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$62.33M
$54.54M – $72.72M
NOI $4,363,141 @ 7.0% cap · market cap 969.59%
Zoning and permitted uses should be independently verified with authorities.
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Warehouse - Commercial zoning and on-site office space 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 $450,000.
What are key features of this property?
This property features: 5,200‑square‑foot warehouse building; Office space within the building; Roll‑up doors and a loading dock
