W 1113 1115 W Duranta Avenue Avenue, Alamo, TX 78516
Retail property in a high-traffic area near Expressway I-2.
- Added:
- Dec 29, 2024
- Days on Market:
- 533
- Last Refresh:
- May 13 at 8:20 pm
Property Features for W 1113 1115 W Duranta Avenue Avenue
General Information
- Standard status
- Active
- Size
- 2,743 SF
- Lot size
- 0.23 Acres
- Property subtype
- General Commercial
Building Details
- Year Built
- 1986
Listing agent Rogelio Rivera
Listing office Plaza Realty (956) 688-6700
Listing date Dec 29, 2024
Source Xome
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Plaza Realty
HighLights
- Prime commercial location directly off Expressway I‑2 (Exp. 83) on Alamo Rd. (FM 907).
- High‑traffic area next to Whataburger, Pizza Hut, Walgreen's, HEB, and other retail stores.
- Existing building with three rental units (bicycle shop, audio‑sound stereo shop, barber shop).
- Each unit has its own electric and water meter.
- Current rental income of $800/month per unit.
- Lot size is 10,000 sq. ft. with 10 parking spaces, including handicap parking.
Overview
Local Financial Insights For 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 | $56.3k | $20.52 |
| − Vacancy | −$3.4k | −$1.23 |
| EGI | $52.9k | $19.29 |
| − OpEx | −$15.9k | −$5.79 |
| NOI | $37.0k | $13.50 |
Alternative Uses
Current Use by Public Records
Map
- City
- Alamo
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.1112
- Latitude
- 26.2003
