Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Lots in Alton, TX Title is generated by Realmo AI

    Mile 5, Alton, TX 78573

    View on Map
    Claim this Listing
    For Sale
    $86,400

    LAND - Alton, TX

    Lot size:
    0.28 Acres
    Added:
    Feb 21, 2026
    Days on Market:
    90
    Last Refresh:
    May 22 at 7:06 am

    Property Features for Mile 5

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    The Gardens of Alton
    Lot size
    0.28 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    1

    We can help!

    Listing Contact
    Jose R Calleros

    Listing agent Jose R Calleros

    Listing office BIG Realty 4847 S Jackson Rd., Pharr, TX

    Listing date Feb 21, 2026

    MLS# 477455 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 location in Alton's rapidly growing area with easy access to major roads, schools, and everyday conveniences.
    • Brand‑new subdivision with 24 spacious lots, offering opportunities for both buyers and builders.
    • Flexible building guidelines and an HOA, providing a balance of freedom and community standards.
    • Located next to Jesse Jensen Elementary School.
    • Commercial plaza at the entrance with Alton Family Clinic, Richard's Pharmacy, Family Dentistry and Orthodontics, Alton WIC Clinic, and Yum‑Yum Restaurant.
    • Proximity to nearby stores including Dollar General, El Tigre, Dollar Tree, 5 Mile Wings, and Stripes.

    Overview

    The Gardens of Alton is a new subdivision featuring 24 spacious lots. Located on Mile 5 Rd (Main Ave.) between Glasscock and Shary Rd, this residential community has an HOA and flexible building guidelines. The subdivision is situated in one of Alton's fastest-growing areas, offering convenient access to major roads, schools, and everyday conveniences. The neighborhood is next to JESSE JENSEN Elementary. A commercial plaza at the entrance includes Alton Family Clinic, Richard's Pharmacy, Family Dentistry and Orthodontics, Alton WIC Clinic, and Yum-Yum Restaurant. Nearby stores include Dollar General, El Tigre, Dollar Tree, and Stripes. The available lots offer an opportunity for both buyers and builders to construct a home. The lot size is approximately 0.2835 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Alton
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.279786
    Latitude
    26.284831

    Nearby Similar for Sale

    • $475,000
      2,520 SF

      Versatile Commercial Property in Alton

      Retail, office, and warehouse space in a growing corridor.
      1326 Alton Boulevard, Alton, TX 78573
      View Details
    • $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
    • $425,000
      832 SF

      Calle 5 Food Truck Park

      Food truck park with retail and entertainment potential.
      2508 E Main Avenue, Alton, TX 78573
      View Details
    • $990,000
      8,827 SF

      Alton Commercial Plaza For Sale

      Fully leased commercial plaza in high-traffic Alton location.
      2115 E Main Avenue, Alton, TX 78573
      View Details
    • $424,900
      4,440 SF

      Sharyland Fourplex in Gated Neighborhood

      Fourplex built in 2018, featuring modern amenities and tile floors.
      2601 Garfield Avenue, Alton, TX 78573
      View Details
    • $505,000
      4,032 SF

      Alton Fourplex Investment Opportunity

      Modern fourplex in growing Alton subdivision, generating rental income.
      2609 E Israel Avenue, Alton, TX 78573
      View Details
    • $458,000
      4,263 SF

      New Construction Fourplex in Alton, TX

      New construction fourplex in rapidly developing area near schools.
      2608 E Harrison Avenue, 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, 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, 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
    • $395,000

      Commercial Lot in Alton, Texas

      Prime commercial lot suitable for various business uses.
      1425 W Main Avenue, Alton, TX 78573
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lots in a new subdivision with flexible building guidelines.
    Where is this residential land & home lot located?
    The property is located at Mile 5 Alton, TX.
    What is the asking price?
    The asking price for this property is $86,400.
    What are key features of this property?
    This property features: Prime location in Alton's rapidly growing area with easy access to major roads, schools, and everyday conveniences.; Brand‑new subdivision with 24 spacious lots, offering opportunities for both buyers and builders.; Flexible building guidelines and an HOA, providing a balance of freedom and community standards.
    (956) 222-5611
    We can help!
    Listing Contact
    Jose R Calleros
    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
    Mile 5, Alton, TX 78573
    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!