Property profile

239 Business 83 Hwy Alamo, TX 78516

OFF-MARKET
Commercial real estate
3 ac lot Built 2018
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Property summary

AI-generated overview

This exceptional commercial property, situated at 239 E Business 83 Highway in Alamo, Texas, presents a compelling investment opportunity. Spanning nearly three acres, the property boasts two income-generating warehouses currently leased on a month-to-month basis. The larger warehouse, approximately 3,000 square feet, is presently configured as an auto shop, featuring three operational garage doors. The smaller warehouse, around 2,000 square feet, serves as a storage facility. Each warehouse includes a small office space and restroom facilities. Adding to the property's versatility, nearly two acres of vacant land are available, ideal for additional development, large machinery or vehicle parking, or the construction of new buildings. This prime location offers unparalleled convenience, situated just a short distance from the Alamo Fire Department, Alamo Police Department, and local schools. Its strategic position in the Mid-Valley area ensures easy access to major highways within a 2-5 minute drive, maximizing accessibility and exposure for any business. The existing rental income stream provides immediate return on investment, while the significant undeveloped land offers substantial potential for future expansion and growth. This property is a rare find, combining immediate income with significant long-term development possibilities.

Property profile

Verified
Property type Commercial real estate
Year built 2018
Lot 3 ac (130,680 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

239 Business 83 Hwy Alamo, TX 78516
Alamo metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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