Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    500 Us-67 Alvarado Tx Usa Alvarado, TX 76009

    • Land
    • 1.30 lot acres
    For Sale
    View listing
    $963,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 500 Us-67 Alvarado Tx Usa

    Lot size
    1.30 lot acres
    Property type
    Land

    Description

    This exceptional 1.3-acre commercial land parcel is ideally situated on the north side of US-67 in Alvarado, Texas, just east of IH-35W. Located at 500 W. US-67, Alvarado, TX 76009, this property offers a unique opportunity in a rapidly growing market. The land is zoned for commercial use and boasts a clean, gently sloping site with all utilities readily available. The property features a convenient reciprocal access setup, making it highly functional for various commercial ventures. This corner lot is priced at $17 per square foot, presenting a compelling investment opportunity. The site is part of a larger development with other pad options available, providing flexibility for businesses of varying sizes. Alvarado's strategic location, south of Fort Worth and Burleson, along the heavily trafficked IH-35W corridor, ensures high visibility and accessibility. The area is experiencing significant residential growth, creating a strong demand for commercial services. US-67, a major east-west artery, provides excellent connectivity to Dallas and Cleburne. This property is ready for immediate development, offering a chance to capitalize on the burgeoning Alvarado market. The property is individually owned and offers "carve-to-suit" opportunities. The asking price for this 1.3-acre parcel is $963,000. Additional information and detailed maps are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Alvarado
    County
    Johnson
    State
    Texas
    Longitude
    -97.2174
    Latitude
    32.4161

    Comparable in this City

    • Value Estimation by Request
      54.10 Acres

      9646 Thompson Rd

      Land • 54.10 Acres
      9646 Thompson Rd, Alvarado, TX 76009
      View Details
    • Value Estimation by Request
      2.29 Acres

      67 Us Hwy

      Land • 2.29 Acres
      67 Us Hwy, Alvarado, TX 76009
      View Details
    • Value Estimation by Request

      6012 Highway 67

      Land
      6012 Highway 67, Alvarado, TX 76009
      View Details
    • Value Estimation by Request

      450 Us-67

      Land
      450 Us-67, Alvarado, TX 76009
      View Details
    • Value Estimation by Request
      243.00 Acres

      Swq Us-67 & Cr-207

      Land • 243.00 Acres
      0 Swq Us-67 & Cr-207, Alvarado, TX 76009
      View Details
    • Value Estimation by Request
      53.00 Acres

      608 Fm 2738

      Land • 53.00 Acres
      608 Fm 2738, Alvarado, TX 76009
      View Details

    Similar Nearby for Sale

    • $359,900
      7.40 Acres

      7.4 Acres in Alvarado, TX

      7.4 acre property with road frontage and convenient highway access.
      6045 County Road 319, Alvarado, TX 76009
      View Details
    • $85,000
      0.72 Acres

      Unimproved Land with Mature Trees

      0.72 acre lot with mature trees in Alvarado, Texas.
      703 S Parkway Dr, Alvarado, TX 76009
      View Details
    • $129,500
      2.11 Acres

      Land for Horses in Alvarado

      2.108 acres for horses, build your dream home!
      252 Chambers Creek Trl, Alvarado, TX 76009
      View Details
    • $1,834,000
      6.55 Acres

      Prime Alvarado Land - Hwy 67 Access

      6.55 Acres, Commercial Zoning, Multi-Family Potential
      945 Highway 67, Alvarado, TX 76009
      View Details
    • $3,000,000
      36.96 Acres

      Unimproved Land in Alvarado, Texas

      36.955 acres of unimproved land in Alvarado, Texas.
      8445 S Interstate 35W W, Alvarado, TX 76009
      View Details
    • Contact for pricing

      Land For Sale Alvarado, TX

      Land available for sale in Alvarado, Texas.
      12618 E Fm 917, Alvarado, TX 76009
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      846,371 SF

      6300 Asher Rd: Industrial Distribution Center

      19-Acre Distribution Center; Single Tenant
      6300 Asher Rd, Alvarado, TX 76009
      View Details
    • Contact for pricing

      Commercial Land with Highway Access

      Commercial land available for rent with highway visibility and access.
      945 Highway 67 E, Alvarado, TX 76009
      View Details
    • $1,500 /Mo
      3,659 SF

      Compact Office Cabin on I-35

      512 sq ft office cabin built in 2018 on I-35.
      812 S Parkway Dr, Alvarado, TX 76009
      View Details
    • $11 SF/Yr
      6,000 SF

      Alvarado Industrial Park - For Lease

      6,000 SF Manufacturing/Flex Space Available
      8721 I-35W, Alvarado, TX 76009
      View Details
    • $2,400 /Mo
      435,600 SF

      Alvarado Industrial Suites For Lease

      Two 1,600 SF industrial suites available for lease in Alvarado.
      8224 Frontage Rd, Alvarado, TX 76009
      View Details
    • $1,500 /Mo
      8,494 SF

      Alvarado Office Space For Rent

      550 SF office space with utilities included in Alvarado.
      202 N Parkway Dr, Alvarado, TX 76009
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    500 Us-67 Alvarado Tx Usa
    Alvarado, TX 76009
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!