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Property profile & analytics

1380 Hwy 67 Alvarado, TX 76009-4009

  • Commercial real estate
  • 4,564 SF
  • 1.46 lot acres
OFF-MARKET
Last Sale
Dec 18, 2024
Value Estimations
$765,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US82-3381995
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 1380 Hwy 67

Year built
2000
Lot size
1.46 lot acres
Property size
4,564 SF
Property type
Commercial real estate
APN
126.3880.00010
APU
126388000010

Description

This exceptional 4,564 square foot commercial property, located at 1380 Highway 67 in Alvarado, Texas, presents a unique investment opportunity. Situated on a 1.46-acre lot, this established bar and grill boasts a prime location just two miles from Interstate 35, ensuring high visibility and convenient access for patrons from surrounding communities. The property's strategic placement on Highway 67 guarantees a steady stream of customers. Ample parking is available behind the building, easily accommodating both restaurant and bar patrons, as well as guests attending events held in the dedicated private venue. This versatile space is ideal for a variety of functions, including concerts, private parties, family gatherings, and corporate events. The existing business offers an immediate opportunity to step into an established operation, benefiting from existing infrastructure and customer base. The property is priced at $1,000,000 and offers significant potential for growth and expansion within a thriving market. The combination of a successful bar and grill, coupled with a flexible event space, makes this a truly unique and attractive investment prospect. This turnkey operation is ready for a new owner to capitalize on its established success and further develop its potential. The property's size and location provide ample room for future expansion or modification to suit the needs of a discerning buyer.


Value Estimations

based on Realmo’s proprietary methodology
  • CAP approach

    CAP Return
    Estimation
    6%
    $770,000
    6.5%
    $710,000
    7%
    $660,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $823,000
    Market price range: $220k - $823k

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Alvarado
County
Johnson
State
Texas
Longitude
-97.1937
Latitude
32.4147
CBSA code
19100
CBSA name
DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2018
$7,742
$191,055
$739,841
$930,896
-
$191,055
$739,841
$930,896
More about this property
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