Warehouse with Covered Truck
New
For Sale
$400,000
1052 Esperanza Street, Alamo, TX 78516
Commercial Sale, Alamo, TX
Property Size2,988 SF
Lot Size1.00 Acre
Price / SF$133.87
Days on Market4
Property Features for 1052 Esperanza Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
4
Parking features
Covered
Patio and Porch features
Patio
Exterior features
Storage, Workshop
Appliances
Water Heater (Other Location)
Subdivision
Alamo Land & Sugar Co
Directions
https://maps.app.goo.gl/owUK9Z18qD5ZLBCQ8
Standard status
Active
APN
A180000033001302
Size
2,988 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7268
Utilities
Cooling system
Wall Unit(s)
Building Details
Year built
2010
Floors in Building
1
Building materials
Aluminum Siding
Roof type
Flat, Metal
Additional Structures
Storage, Workshop
Listing Agency:
Cobos Real Estate Services LLC
(956) 802-1982
Listed By:
Alejandra E. Cobos · License #582452
(956) 628-4663
Added: Sep 30
Last Checked: Oct 3 at 11:06AM
MLS# 516595
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 2,988-square-foot warehouse property includes a 35-by-65-foot warehouse, two private offices, a bathroom, and a kitchen with dining space. A bedroom and two rooms upstairs add to the interior configuration, with additional areas available for storage. The building was constructed in 2010 and has aluminum siding, wall-unit cooling, and a flat metal roof.
Two covered carport areas provide access for 18-wheelers, with approximately 17 feet of clearance at the front and 15 feet at the rear. The one-acre property also includes a patio and covered parking.
Two covered carport areas provide access for 18-wheelers, with approximately 17 feet of clearance at the front and 15 feet at the rear. The one-acre property also includes a patio and covered parking.
Key Highlights
- 2,988‑square‑foot property on 1 acre
- Warehouse measures 35' x 65'
- Two private offices, bathroom, kitchen/dining area, and bedroom
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
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
75
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- Mr Carport fabricators llc — 401 Rene St, Alamo, TX 78516
Frequently Asked Questions
What type of property is this?
Warehouse - Office, kitchen, dining, bedroom, and upstairs rooms complement the warehouse and storage areas.
Where is this warehouse located?
The property is located at 1052 Esperanza Street 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 on 1 acre; Warehouse measures 35' x 65'; Two private offices, bathroom, kitchen/dining area, and bedroom
