Fenced Mixed-Use Property with
For Sale
$230,000
8928 Johns Road, Alvarado, TX 76009
Land, Alvarado, TX
Property Size2,400 SF
Lot Size0.94 Acres
Price / SF$95.83
Days on Market8
Property Features for 8928 Johns Road
General Information
Property type
Land
Property subtype
Other
Zoning description
Commercial and residential
Subdivision
Homesteads Ph 03 Water Syste
Lot features
Acreage, Agricultural, Cleared
Elementary school
Venus
Middle school
Venus
High school
Venus
Elementary school district
Venus ISD
Middle school district
Venus ISD
High school district
Venus ISD
Directions
Use GPS navigation to find property.
Standard status
Active
APN
126446018340
Lot size
0.94 Acres
Taxes and HOA fees
Tax Description
LOT 34 BLK I HOMESTEADS PHASE IX S# MSB941670
Tax Annual Amount
3177
Legal Description
LOT 34 BLK I HOMESTEADS PHASE IX S# MSB941670
Utilities
Sewer type
Septic Tank
Amenities
warehouse
Building Details
Year built
1993
Architectural style
Other
Listing Agency:
eXp Realty, LLC
(888) 519-7431
Listed By:
Christian Padilla · License #0801059
(817) 829-2335
Added: Sep 29
Changed: Sep 30
Last Checked: Oct 6 at 4:06PM
MLS# 21399308
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 0.94-acre mixed-use property includes a 2,400-square-foot warehouse or workshop built in 1993. The site is fully fenced and has two separate septic tanks, one serving the workshop and one intended for a home or mobile home. Its stated residential and commercial mix supports a range of use possibilities, subject to applicable requirements.
Key Highlights
- 0.94‑acre mixed‑use property in Alvarado, TX
- 2,400‑square‑foot warehouse or workshop, built in 1993
- Fully fenced site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,689
Cap Rate
7.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$333,780
$333.8K
Cap Rate 7%
$238,414
$238.4K
Cap Rate 9%
$185,433
$185.4K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$21.6K $9.00/SF
− Vacancy
−$2.0K −$0.82/SF
EGI
$19.6K $8.18/SF
− OpEx
−$2.9K −$1.23/SF
NOI
$16.7K $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%
$333,780
Cap Rate 7%
$238,414
Cap Rate 9%
$185,433
Alternative Uses
Best Use
Mixed Use
$347.1K
$303.8K – $405.0K
NOI $24,300 @ 7.0% cap · market cap 10.57%
Second Best
Warehouse
$238.4K
$208.6K – $278.2K
NOI $16,689 @ 7.0% cap · market cap 7.26%
Theoretical Best
Multifamily LT 5
$28.77M
$25.17M – $33.56M
NOI $2,013,757 @ 7.0% cap · market cap 875.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
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
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A flexible residential and commercial site includes a workshop and separate septic systems for the building and a residence.
Where is this mixed-use property located?
The property is located at 8928 Johns Road Alvarado, TX.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: 0.94‑acre mixed‑use property in Alvarado, TX; 2,400‑square‑foot warehouse or workshop, built in 1993; Fully fenced site
