Warehouse with Loading
New
For Sale
$450,000
709 S Parkway Drive, Alvarado, TX 76009
CommercialSale, Alvarado, TX
Property Size5,200 SF
Lot Size0.72 Acres
Price / SF$86.54
Days on Market5
Property Features for 709 S Parkway Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Subdivision
New Town Dupcard
Directions
From South Interstate 35W travel northeast on W US Highway 67 approximately 400 yards, turn right or south at North Parkway Drive which transitions into South Parkway Drive travel approximately 2 miles, and property will be located on the left.
Standard status
Active
APN
126241904460
Lot size
0.72 Acres
Taxes and HOA fees
Tax Description
LOT 1,2,3,4 BLK 15 NEW TOWN 126.5523.00052 AK
Tax Annual Amount
3629
Legal Description
LOT 1,2,3,4 BLK 15 NEW TOWN 126.5523.00052 AK
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1985
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
MetalSiding
Roof type
Metal
Listing Agency:
Grandview Real Estate
(817) 866-3339
Listed By:
James Wren · License #0815922
(682) 202-6538
Added: Oct 9
Last Checked: Oct 13 at 4:06PM
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.
Investment Insights
Based on property information with market context.
This warehouse property includes office space, roll-up doors, and a loading dock. The building has metal siding, a metal roof, and concrete flooring, with central heating and central air conditioning.
The 0.715-acre property is served by public water and public sewer. The building was constructed in 1985.
The 0.715-acre property is served by public water and public sewer. The building was constructed in 1985.
Key Highlights
- Warehouse building with office space, roll‑up doors, and a loading dock
- 0.715‑acre property
- Built in 1985
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.
How Realmo checks its estimates
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Office space and roll-up doors complement the warehouse’s loading dock.
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: Warehouse building with office space, roll‑up doors, and a loading dock; 0.715‑acre property; Built in 1985
