Office and Shop Building For
For Sale
Contact for pricing
5716 N 287, Alvord, TX 76225
Office setup with shop building and ample parking available.
Property Size4,320 SF
Price / SF$231.25
Days on Market912
Property Features for 5716 N 287
General Information
Standard status
Active
Size
4,320 SF
Property subtype
Office
Listing Agency:
CENTURY 21 Sue Ann Denton, Inc.
Listed By:
Cheryl Hale · License #TX
(940) 399-7764
Source:
Crexi
Added: May 2, 2024
Changed: Oct 28
Last Checked: Oct 30 at 11:24AM
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 CENTURY 21 Sue Ann Denton, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial property features an office setup with a shop building, offering a potential location for business operations. The property includes parking and has 551.46 ft of highway frontage off of 287. The property size is 4,320 square feet.
Key Highlights
- Office setup with shop building
- Plenty of parking
- Boasting 551.46 ft of highway frontage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,261
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,445,220
$1.4M
Cap Rate 7%
$1,032,300
$1.0M
Cap Rate 9%
$802,900
$802.9K
Market Conditions
NOI Build-Up for 4,320 SF
Gross rent
$132.7K $30.72/SF
− Vacancy
−$36.4K −$8.42/SF
EGI
$96.3K $22.30/SF
− OpEx
−$24.1K −$5.58/SF
NOI
$72.3K $16.73/SF
Area
Wise County, TX
Vacancy
27.40%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,445,220
Cap Rate 7%
$1,032,300
Cap Rate 9%
$802,900
Alternative Uses
Best Use
Office B
$1.03M
$903.3K – $1.20M
NOI $72,261 @ 7.0% cap · market cap 7.23%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$3.25M
$2.85M – $3.80M
NOI $227,772 @ 7.0% cap · market cap 22.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Explore this area
Business Placement
Demographics for 76225, TX
3,789
Population
1,460
Households
2.6
Avg Household Size
39
Median Age
25%
College-Educated
93%
High-School Grad
105.4 sq mi
ZIP Area
36
Density / Sq Mi
$71,625
Median Household Income
$50,044
Median Earnings
$951
Median Rent
$281,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Office setup with shop building and ample parking available.
Where is this office building located?
The property is located at 5716 N 287 Alvord, TX.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Office setup with shop building; Plenty of parking; Boasting 551.46 ft of highway frontage
