Drive-Through
103 N 9th Street N, Alamo, TX 78537
For Sale
$800,000
Commercial Sale, Alamo, TX
Property Size4,420 SF
Lot Size0.35 Acres
Price / SF$180
Days on Market34
Property Features for 103 N 9th Street N
General Information
Property type
Property subtype
Parking
Parking features
Security features
Appliances
Subdivision
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Building materials
Roof type
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Joyce Toombs
(956) 566-8377
Added: Oct 11
Changed: Oct 18
Last Checked: Nov 13 at 8:06PM
MLS# 517510
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.
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Investment Insights
Based on property information with market context.
Located at 103 N 9th Street N in Alamo, this restaurant property contains 4,420 square feet on approximately 0.35 acres. A drive-thru window and off-street parking serve the site, while tables, chairs, and kitchen equipment are included. The building was constructed in 1976 and has stucco exterior walls, central heating and air conditioning, and a metal and built-up roof.
The property is just off Business 83. Its existing restaurant features include the drive-thru window, dining furniture, and kitchen equipment.
The property is just off Business 83. Its existing restaurant features include the drive-thru window, dining furniture, and kitchen equipment.
Key Highlights
- 4,420‑square‑foot restaurant building on 0.35 acres
- Drive‑thru window
- Tables, chairs, and kitchen equipment included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,146
Cap Rate
8.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,282,920
$1.3M
Cap Rate 7%
$916,371
$916.4K
Cap Rate 9%
$712,733
$712.7K
Market Conditions
NOI Build-Up for 4,420 SF
Gross rent
$90.7K $20.52/SF
− Vacancy
−$5.2K −$1.17/SF
EGI
$85.5K $19.35/SF
− OpEx
−$21.4K −$4.84/SF
NOI
$64.1K $14.51/SF
Area
Hidalgo County, TX
Vacancy
5.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,282,920
Cap Rate 7%
$916,371
Cap Rate 9%
$712,733
Alternative Uses
Best Use
Specialty Retail
$916.4K
$801.8K – $1.07M
NOI $64,146 @ 7.0% cap · market cap 8.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,838 @ 7.0% cap · market cap 13.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
810
Businesses Nearby
210k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Groceries 40%
Shops & Services 15%
Electronics 2%
H-E-B
Groceries
84,926 visits/mo
0.5 miles
Whataburger
Dining
31,374 visits/mo
0.4 miles
Dutch Bros. Coffee
Dining
15,597 visits/mo
0.4 miles
Church's Chicken
Dining
12,716 visits/mo
0.4 miles
Little Caesars Pizza
Dining
9,434 visits/mo
0.4 miles
Demographics for 78537, TX
51,962
Population
16,683
Households
3.1
Avg Household Size
28
Median Age
10%
College-Educated
54%
High-School Grad
57.6 sq mi
ZIP Area
902
Density / Sq Mi
$36,331
Median Household Income
$20,354
Median Earnings
$744
Median Rent
$74,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Restaurants in Hidalgo County, TX
Properties on Market for Restaurants in Hidalgo County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Restaurant - Food-service equipment, dining furniture, and off-street parking are included with the property.
Where is this restaurant located?
The property is located at 103 N 9th Street N Alamo, TX.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 4,420‑square‑foot restaurant building on 0.35 acres; Drive‑thru window; Tables, chairs, and kitchen equipment included
