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    6012 Highway 67 Alvarado, TX 76009
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    Property profile & analytics

    6012 Highway 67 Alvarado, TX 76009

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    • Commercial real estate
    Off-Market
    Property ID
    US82-3604116
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 6012 Highway 67

    Property type
    Commercial real estate

    Description

    This exceptional 1.85-acre vacant land parcel presents a unique investment opportunity in Alvarado, Texas. Located at 6012 E Hwy 67, this property boasts a highly desirable location near the intersection of US Hwy 67 and Alvarado Oaks. Currently zoned for residential use, the property offers significant potential for commercial rezoning, opening up a wide range of development possibilities. The existing structure on the property is in disrepair and is sold "as is." Prospective buyers should note that access to the property requires a scheduled appointment; unscheduled visits are discouraged. The lot size is 1.85 acres, providing ample space for various commercial ventures. The property's address is precisely 6012 E Hwy 67, Alvarado, TX 76009, situated in Johnson County. Its geographic coordinates are 32.403262 latitude and -97.275397 longitude. The asking price for this promising land parcel is $400,000. This represents a compelling investment opportunity for developers and entrepreneurs seeking a strategic location with significant upside potential. Serious inquiries are encouraged to schedule a viewing and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Alvarado
    County
    Johnson
    State
    Texas
    Longitude
    -97.275397
    Latitude
    32.403262

    Comparable in this City

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      Residential Land Development Opportunity

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      Commercial Land with Road Frontage

      1.34 acres of commercial land with road frontage.
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      Unimproved Land with Pond Access

      10.986 acres of land with shared pond access.
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    • $1,800,000
      89.10 Acres

      89.1 Acres in Venus ETJ

      Land in path of future development, ideal for single-family residential.
      13001 County Road 108, Alvarado, TX 76009
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    • $50,000
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      Commercial Land Near I-35

      Commercial land zoned C2, backs to I-35 on busy street.
      800 S Parkway Dr, Alvarado, TX 76009
      View Details

    Similar Nearby for Sale

    • $1,800,000
      89.04 Acres

      Residential Land Development Opportunity

      Large acreage tract suitable for residential development near I-35.
      2950 County Road 607, Alvarado, TX 76009
      View Details
    • $129,500
      2.11 Acres

      Land for Generational Home

      2.109 acres for building a home and more.
      268 Chambers Creek Trl, Alvarado, TX 76009
      View Details
    • $375,000
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      Commercial Land with Road Frontage

      1.34 acres of commercial land with road frontage.
      210 S Parkway Dr, Alvarado, TX 76009
      View Details
    • $379,000
      10.99 Acres

      Unimproved Land with Pond Access

      10.986 acres of land with shared pond access.
      7832 Greenfield Dr, Alvarado, TX 76009
      View Details
    • $1,800,000
      89.10 Acres

      89.1 Acres in Venus ETJ

      Land in path of future development, ideal for single-family residential.
      13001 County Road 108, Alvarado, TX 76009
      View Details
    • $50,000
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      Commercial Land Near I-35

      Commercial land zoned C2, backs to I-35 on busy street.
      800 S Parkway Dr, Alvarado, TX 76009
      View Details

    Similar Nearby for Lease

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      Alvarado Warehouse with Office Space

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      Alvarado Warehouse Space Available

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    • $7 SF/Yr
      5,000 SF

      Alvarado Warehouse Space Available

      5,000 SF warehouse space with grade level doors.
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    6012 Highway 67
    Alvarado, TX 76009
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    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
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