1002 N Tower Road, Alamo, TX 78516
Operating restaurant with strong visibility and convenient access, offering room to expand or consider redevelopment on-site.
- Added:
- May 24, 2026
- Days on Market:
- 23
- Last Refresh:
- Jun 14 at 1:56 am
Property Features for 1002 N Tower Road
General Information
- Standard status
- Active
- Size
- 2,766 SF
- Lot size
- 1.10 Acres
- Property subtype
- General Commercial
Building Details
- Year Built
- 1963
Listing agent Veale Properties (956) 329-9090
Listing office (956) 329-9090
Listing date May 24, 2026
Source Xome
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All listing content including descriptions, pricing, images are the copyrighted material of Veale Properties
HighLights
- Operating restaurant on a ~1.10‑acre site in Alamo, ready to continue operating, expand, or redevelop
- Central air conditioning
- 10 paved parking spaces and a paved driveway
- Located on a city road
Overview
The site is described as having excellent visibility and convenient access in a high-traffic area. It is positioned among residential neighborhoods and nearby businesses, with schools and major thoroughfares in the surrounding area, which can support a steady flow of passing customers.
For owner-operators, the most immediate value is the ability to keep the restaurant operating while evaluating long-term plans for growth. For investors and developers, the property’s combination of an income-producing restaurant and substantial land offers flexibility to explore expansion or a future commercial redevelopment strategy, depending on tenant and use requirements. With the existing restaurant and its location in central Alamo, this is a straightforward opportunity for those seeking a flexible commercial site with an operating component.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.8k | $20.52 |
| − Vacancy | −$3.2k | −$1.17 |
| EGI | $53.5k | $19.35 |
| − OpEx | −$13.4k | −$4.84 |
| NOI | $40.1k | $14.51 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Alamo
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.105406
- Latitude
- 26.20444
