Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    989 Imperial Eagle Rd Alvarado, TX 76009-3261
    Property profile & analytics

    989 Imperial Eagle Rd Alvarado, TX 76009-3261

    View on Map
    • Commercial real estate
    • 0.15 lot acres
    Off-Market
    Last Sale Oct 2, 2024
    Property ID
    US82-0078083
    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 989 Imperial Eagle Rd

    Lot size
    0.15 lot acres
    Property type
    Commercial real estate
    APN
    126.2190.20616
    APU
    126219020616

    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
    -97.2004
    Latitude
    32.4057
    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
    2021
    $0.00
    $11,000
    $0.00
    $11,000
    -
    $11,000
    $0.00
    $11,000

    Comparable in this City

    • Value Estimation by Request
      1.30 Acres

      500 Us-67 Alvarado Tx Usa

      Land • 1.30 Acres
      500 Us-67 Alvarado Tx Usa, Alvarado, TX 76009
      View Details
    • Value Estimation by Request
      0.10 Acres

      110 College Ave

      COMMERCIAL (GENERAL) • 0.10 Acres
      110 College Ave, Alvarado, TX 76009-4319
      View Details
    • 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
      300 SF

      6720 Hwy 67

      COMMERCIAL (GENERAL) • 300 SF
      6720 Hwy 67, Alvarado, TX 76009-6856
      View Details
    • Value Estimation by Request
      2,560 SF

      4924 Hwy 67

      COMMERCIAL (GENERAL) • 2,560 SF
      4924 Hwy 67, Alvarado, TX 76009-6838
      View Details

    Similar Nearby for Sale

    • $2,100,000
      2,059 SF

      Highway 67 Commercial Property

      Alvarado, TX: Multi-use Commercial Estate
      5416 Highway 67, Alvarado, TX 76009
      View Details
    • $497,500
      19.17 Acres

      Unimproved Land Near Highway 67

      19.17 acres of raw land suitable for various developments.
      6333 Highway 67 E, Alvarado, TX 76009
      View Details
    • $122,000
      1.56 Acres

      Land for Custom Home

      1.5+ acre vacant land near downtown Alvarado, Texas.
      198 Bishop St, Alvarado, TX 76009
      View Details
    • $295,000
      5.13 Acres

      Alvarado, TX Improved Land

      5.125 acre commercial land for sale in Alvarado, Texas.
      2301 County Road 401, Alvarado, TX 76009
      View Details
    • $695,000
      4.43 Acres

      Commercial Land in Burleson, TX

      Commercial zoned land near I-35W with road frontage.
      3301 N County Road 810, Alvarado, TX 76009
      View Details
    • $225,000
      1.10 Acres

      Land For Sale in Alvarado

      One acre of land with utilities in Alvarado, Texas.
      408 N Parkway Dr, Alvarado, TX 76009
      View Details

    Similar Nearby for Lease

    • $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
    • $2,500 /Mo
      122,839 SF

      Remodeled Retail or Office Space

      Remodeled retail or office space on I35W in Alvarado, TX.
      6132 S Interstate 35 W, Alvarado, TX 76009
      View Details
    • Contact for pricing

      Warehouse with Office and Bay

      Flex space with warehouse and office near major highways.
      10437 Fm 917, Alvarado, TX 76009
      View Details
    • Contact for pricing

      Commercial Space For Lease

      Commercial property available for lease.
      8721 I-35W, Alvarado, TX 76009
      View Details
    • Contact for pricing
      5,000 SF

      Alvarado Warehouse with Overhead Doors

      5,000 SF warehouse featuring multiple overhead doors.
      12711 County Road 617, 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.
    989 Imperial Eagle Rd
    Alvarado, TX 76009-3261
    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

    Thank You for Inquiry
    989 Imperial Eagle Rd, Alvarado, TX, 76009
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!