Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Alamo Fourplex Investment Opportunity Title is generated by Realmo AI

    1233 Country Club Drive, Alamo, TX 78589

    View on Map
    Claim this Listing
    For Sale
    $525,000

    MULTI_FAMILY - Alamo, TX

    Property size:
    1,099 SF
    Lot size:
    0.22 Acres
    Price / SF:
    $477/SF
    Added:
    Feb 1, 2026
    Days on Market:
    105
    Last Refresh:
    May 17 at 3:06 am

    Property Features for 1233 Country Club Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Parking
    8
    Parking features
    Garage
    Exterior features
    Sprinkler System
    Fencing
    Privacy
    Appliances
    Electric Water Heater, Dryer, Microwave, Refrigerator, Stove/Range, Washer
    Standard status
    Active
    APN
    H196300000007900
    Size
    1,099 SF
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    1

    Utilities

    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2025
    Floors in Building
    1
    Number of units
    4
    Building materials
    Stucco
    Roof type
    Shingle

    We can help!

    Listing Contact
    Jaime Lee Gonzalez
    Jaime Lee Gonzalez

    Listing agent Jaime Lee Gonzalez

    Listing office Keller Williams Realty RGV 3300 N Mccoll. Ste P & Q, McAllen, TX

    Listing date Feb 1, 2026

    MLS# 476436 Listing URL

    Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime investment opportunity with tenant‑occupied fourplex.
    • Modern, open‑concept 2‑bedroom, 2‑bathroom units.
    • Each unit includes essential appliances and a private fenced backyard.
    • Convenient location near expressway, schools, shopping, and dining.
    • Eight covered parking spaces.
    • New construction (Year Built: 2025).

    Overview

    This tenant-occupied fourplex in The Heights at Alamo presents a prime investment opportunity. The property is conveniently located minutes from the expressway, schools, shopping, and dining. Each of the four units features a modern, open-concept layout with 2 bedrooms and 2 bathrooms. Essential appliances are included in each unit, along with a private fenced backyard. The property also offers 8 covered parking spaces. The lot size is 0.2204 acres and the property size is 1099 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alamo
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.105995
    Latitude
    26.199102

    Nearby Similar for Sale

    • $650,000

      Alamo Commercial Investment Opportunity

      Income-producing property with high traffic and diversified income streams.
      1110 S Alamo Road, Alamo, TX 78516
      View Details
    • $595,000
      3,000 SF

      Prime Commercial Corner Location

      Highly visible commercial property with drive-thru in Alamo, Texas.
      1348 N Tower Road, Alamo, TX 78516
      View Details
    • $1,100,000
      4,622 SF

      Income-Producing Alamo Commercial Property

      Fully leased restaurant, retail store, and food trucks included.
      1037 W Duranta Avenue, Alamo, TX 78516
      View Details
    • $970,000
      12,124 SF

      Alamo Commercial Property with Warehouse

      Versatile 12.77-acre property with warehouse and owner financing.
      135 Sioux Road, Alamo, TX 78516
      View Details
    • $2,199,000
      372 SF

      Gas Station Investment Opportunity

      Gas station on frontage road in Alamo, Texas.
      1100 W Frontage Road, Alamo, TX 78516
      View Details
    • $650,000
      1,576 SF

      Alamo Commercial Investment Opportunity

      Income-producing commercial property on a high-traffic corner lot.
      1110 S Alamo Street, Alamo, TX 78516
      View Details
    • $500,000
      4,242 SF

      Income-Producing Alamo Fourplex

      Fourplex in Alamo, completed in June 2025, great for investors.
      1118 Country Club Drive, Alamo, TX 78516
      View Details
    • $1,689,000
      2,868 SF

      Mixed-Use Property in Alamo, TX

      Income-producing commercial property with residential and storage components.
      1428 N Cesar Chavez Road, Alamo, TX 78516
      View Details
    • $209,000
      4,256 SF

      Alamo Church and Building

      Two buildings in Alamo, Texas, suitable for church or daycare.
      1109 Lopez Drive, Alamo, TX 78516
      View Details
    • $505,000
      4,172 SF

      Alamo Fourplex Investment Opportunity

      Well-maintained fourplex in Alamo, TX, ideal for investors.
      428 Acacia Street, Alamo, TX 78516
      View Details
    • $102,500

      Land in Alamo, Texas

      Investment opportunity in Alamo, TX near IH-2 and FM 495.
      1226 Valle Vista Street, Alamo, TX 78516
      View Details
    • $102,500

      New Alamo Four-Plex Development

      New four-plex development in a fast-growing Alamo location.
      1220 Valle Vista Street, Alamo, TX 78516
      View Details

    FAQs

    What type of property is this?
    Quadplex - Tenant-occupied fourplex near expressway, schools, shopping, and dining.
    Where is this quadplex located?
    The property is located at 1233 Country Club Drive Alamo, TX.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: Prime investment opportunity with tenant‑occupied fourplex.; Modern, open‑concept 2‑bedroom, 2‑bathroom units.; Each unit includes essential appliances and a private fenced backyard.
    (956) 599-8400
    We can help!
    Listing Contact
    Jaime Lee Gonzalez
    Jaime Lee Gonzalez
    Learn More
    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.
    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
    1233 Country Club Drive, Alamo, TX 78589
    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!