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 Market821
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
Source:
Crexi
Added: May 2, 2024
Changed: Jul 6
Last Checked: Jul 30 at 3:20AM
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.
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 For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $132.7k | $30.72 |
| − Vacancy | −$36.4k | −$8.42 |
| EGI | $96.3k | $22.30 |
| − OpEx | −$24.1k | −$5.58 |
| NOI | $72.3k | $16.73 |
4,320 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%
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.
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
Questions? Ask Rey
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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
