Warehouse with Covered
New
For Sale
$400,000
1052 Esparanza St, Alamo, TX 78516
Includes two offices, a kitchen and dining area, a bedroom, and additional storage rooms.
Property Size2,988 SF
Price / SF$133.87
Days on Market4
Property Features for 1052 Esparanza St
General Information
Standard status
Active
Size
2,988 SF
Additional Details
Warehouse Space
2,275 SF
Taxes and HOA fees
Annual Taxes
$7,268
Listing Agency:
Cobos Real Estate Services LLC
Listed By:
Alejandra E. Cobos · License #582452
(956) 802-1982
Source:
Exprealty
Added: Sep 30
Changed: Oct 3
Last Checked: Oct 3 at 2:28AM
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 Cobos Real Estate Services LLC
Investment Insights
Based on property information with market context.
This 2,988-square-foot warehouse property combines a 35' x 65' work area with two private offices and a bathroom. Interior amenities also include a kitchen and dining space, a bedroom, extra storage, and two rooms on the upper level, creating a varied layout for equipment, inventory, or vehicle storage.
Two large covered carport areas provide access for 18-wheelers. Clearance is approximately 17' at the front and 15' at the rear. Additional storage areas supplement the warehouse and upper-level rooms.
Two large covered carport areas provide access for 18-wheelers. Clearance is approximately 17' at the front and 15' at the rear. Additional storage areas supplement the warehouse and upper-level rooms.
Key Highlights
- 2,988‑square‑foot property with a 35' x 65' warehouse
- Two covered carport areas with 18‑wheeler access
- Approximately 17' of front clearance and 15' at the back
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,093
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$381,860
$381.9K
Cap Rate 7%
$272,757
$272.8K
Cap Rate 9%
$212,144
$212.1K
Market Conditions
NOI Build-Up for 2,988 SF
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.
Gross rent
$24.0K $8.04/SF
− Vacancy
−$1.6K −$0.52/SF
EGI
$22.5K $7.52/SF
− OpEx
−$3.4K −$1.13/SF
NOI
$19.1K $6.39/SF
Area
Hidalgo County, TX
Vacancy
6.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$381,860
Cap Rate 7%
$272,757
Cap Rate 9%
$212,144
Alternative Uses
Best Use
Warehouse
$272.8K
$238.7K – $318.2K
NOI $19,093 @ 7.0% cap · market cap 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$2.25M
$1.97M – $2.63M
NOI $157,542 @ 7.0% cap · market cap 39.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
79
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 78516, TX
34,506
Population
12,469
Households
2.8
Avg Household Size
32
Median Age
12%
College-Educated
59%
High-School Grad
37.8 sq mi
ZIP Area
913
Density / Sq Mi
$51,547
Median Household Income
$26,908
Median Earnings
$743
Median Rent
$102,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Mr Carport fabricators llc — 401 Rene St, Alamo, TX 78516
Frequently Asked Questions
What type of property is this?
Warehouse - Includes two offices, a kitchen and dining area, a bedroom, and additional storage rooms.
Where is this warehouse located?
The property is located at 1052 Esparanza St Alamo, TX.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 2,988‑square‑foot property with a 35' x 65' warehouse; Two covered carport areas with 18‑wheeler access; Approximately 17' of front clearance and 15' at the back
