Operating Restaurant on Commercial
1002 N Tower Road Alamo, TX 78516
1002 N Tower Road, Alamo, TX, 78516
$449,000
For Sale
$449,000
COMMERCIAL - Alamo, TX
Property Size2,766 SF
Lot Size1.10 Acres
Price / SF$162.33
Days on Market47
Property Features for 1002 N Tower Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 10
- Appliances
- Electric Water Heater
- Standard status
- Active
- APN
- A180000041000600
- Size
- 2,766 SF
- Lot size
- 1.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3840
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1963
- Floors in Building
- 2
- Building materials
- Wood Siding
- Roof type
- Shingle
Listing Agency
Veale Properties
(956) 897-0070
1604 N 8th Street, McAllen, TX
Listed by
Trisha Scott
(956) 329-9090
Added: Jun 3 Checked: Jul 19 at 10:06 pm
MLS# 506235
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.
Investment Insights
Based on property information with market context.
This for-sale property at 1002 N Tower Road in Alamo includes an operating restaurant and a commercial lot of approximately 1.1 acres. The site totals about 2,766 square feet for the restaurant portion, while the surrounding land area provides flexibility for additional improvements, parking, or future commercial development, subject to applicable approvals.
The property is positioned for strong customer-facing visibility and convenient access, and it is described as being in a high-traffic area. Surrounding context includes residential neighborhoods, businesses, schools, and major thoroughfares, supporting a mix of day-to-day demand drivers.
For a buyer or owner-operator, the existing restaurant setup allows for continued operation, while the generous lot size can also support options such as expanding the footprint or adjusting site use over time. For developers or investors, the combination of an operating business and substantial land area provides a practical platform to evaluate redevelopment, expansion, and other commercial plans where permitted.
The property is positioned for strong customer-facing visibility and convenient access, and it is described as being in a high-traffic area. Surrounding context includes residential neighborhoods, businesses, schools, and major thoroughfares, supporting a mix of day-to-day demand drivers.
For a buyer or owner-operator, the existing restaurant setup allows for continued operation, while the generous lot size can also support options such as expanding the footprint or adjusting site use over time. For developers or investors, the combination of an operating business and substantial land area provides a practical platform to evaluate redevelopment, expansion, and other commercial plans where permitted.
Key Highlights
- Approximately 1.10‑acre commercial site in Alamo
- Operating restaurant on the property with potential to continue, expand, or redevelop
- Central heating and central air conditioning
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 |
2,766 SF · lease $20.52/SF/yr · vacancy 5.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$573.5K
$501.8K – $669.0K
NOI $40,142 @ 7.0% cap · market cap 8.94%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$2.08M
$1.82M – $2.43M
NOI $145,837 @ 7.0% cap · market cap 32.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Operating restaurant on roughly 1.1 acres, offering visibility and convenient access with room for additional improvements.
Where is this conventional restaurant located?
The property is located at 1002 N Tower Road Alamo, TX.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Approximately 1.10‑acre commercial site in Alamo; Operating restaurant on the property with potential to continue, expand, or redevelop; Central heating and central air conditioning
