Add Listing
    For Sale
    • 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

    Conway Alton, TX 78573

    View on Map
    For Sale
    $1,349,000

    LAND - Alton, TX

    Lot size:
    9.32 Acres
    Added:
    Jan 9, 2026
    Days on Market:
    82
    Last Refresh:
    Apr 1 at 2:06 pm

    Property Features for Conway

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    AC
    Standard status
    Active
    APN
    W010000038000701
    Lot size
    9.32 Acres

    Taxes and HOA fees

    TaxYear
    2023
    TaxAnnualAmount
    12528

    We can help!

    Listing Contact
    Maggie Harris
    Maggie Harris

    Listing agent Maggie Harris License #0530155

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

    Listing date Jan 9, 2026

    MLS# 449178

    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.

    Overview

    Prime Land in Alton, TX

    This is an exceptional development opportunity in Alton, featuring over 9 acres of land located off Conway and Mile 4. The area is experiencing a surge in both commercial and residential real estate development. Preliminary feasibility studies have been completed, and the existing project includes a site plan designed for a mix of multi-residential and commercial uses. To improve the property's usability, 40,000 loads of dirt have been added to remove the flood zone designation. The site plan, survey, and feasibility documents are available for review. This land presents a chance to invest in a rapidly growing region with significant potential for return.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Alton
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.314587
    Latitude
    26.278955

    Nearby Similar for Sale

    • $895,000
      6,233 SF

      Fully Leased Commercial Plaza

      Fully leased commercial plaza in high-traffic area near major retailers.
      220 Alton Boulevard, Alton, TX 78573
      View Details
    • $375,000

      Alton, TX Commercial Land

      1.12 acre commercial land in a high-growth Alton corridor.
      Main Avenue, Alton, TX 78573
      View Details
    • $450,000
      4,032 SF

      Alton Multifamily Property For Sale

      New apartments with monthly income potential in Alton, Texas.
      1012 W LA POINTE AVE unit: #35, ALTON, TX 78573
      View Details
    • $450,000
      4,032 SF

      New Apartments in Alton, TX

      New apartments with modern design and stainless steel appliances.
      1008 W LA POINTE AVE unit: #34, ALTON, TX 78573
      View Details
    • $800,000
      1,500 SF

      Alton Commercial Property with Warehouse

      Commercial property with office, warehouse, and storage in Alton.
      708 E Main Avenue, Alton, TX 78573
      View Details
    • $479,000

      Turnkey Multifamily Property in Alton

      Six-unit multifamily property built in 2015, ideal for investment.
      108 N Linares Street, Alton, TX 78573
      View Details
    • $320,000
      2,088 SF

      Commercial and Residential Alton Property

      Commercial space with residential home on 0.44 acres.
      1106 N Alton Boulevard, Alton, TX 78573
      View Details
    • $419,000
      3,818 SF

      PalmaSola Fourplex Investment Opportunity

      Fully occupied fourplex in PalmaSola near McAllen, Mission, Palmhurst, Edinburg.
      114 Montemorelos Street, Alton, TX 78573
      View Details
    • $2,250,000

      Alton, TX Commercial Land Opportunity

      13.23 acre commercial land with development potential in Alton, TX.
      1408 Alton Boulevard, Alton, TX 78573
      View Details
    • $63,000

      Residential Lot in Established Subdivision

      Residential lot in Alton, TX, ready for new construction.
      Harding Avenue, Alton, TX 78573
      View Details
    • $61,900

      Residential Lot in Alton, TX

      Residential lot ready to build in Alton, Texas.
      9 W Garfield Avenue, Alton, TX 78573
      View Details
    • $86,400

      Residential Lots in Alton, TX

      Residential lots in a new subdivision with flexible building guidelines.
      Mile 5, Alton, TX 78573
      View Details

    FAQs

    What type of property is this?
    Commercial land - 9+ acres in Alton, TX, ideal for development.
    Where is this commercial land located?
    The property is located at Conway Alton, TX.
    What is the asking price?
    The asking price for this property is $1,349,000.
    What are key features of this property?
    This property features: Over 9 acres of prime land in a rapidly growing area of Alton.; Ideal development opportunity for multi‑residential and commercial uses.; Located off Conway and Mile 4, an area with surging real estate development.
    (956) 821-9990
    We can help!
    Listing Contact
    Maggie Harris
    Maggie Harris
    Real Estate License ID: 0530155
    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

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