Mixed-Use Property with
New
For Sale
$260,000
1106 N Alton Boulevard, Alton, TX 78573
Commercial Sale, Alton, TX
Property Size2,088 SF
Lot Size0.44 Acres
Price / SF$124.52
Days on Market2
Property Features for 1106 N Alton Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
12
Appliances
Electric Water Heater
Subdivision
Nuevo Alton
Directions
From Mile 3 and Conway/Alton Blvd drive North drive 2.4 miles and turn right into jackson ave and the property will been on your left
Standard status
Active
APN
N860000002000800
Size
2,088 SF
Lot size
0.44 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7000
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1980
Floors in Building
1
Building materials
Aluminum Siding, Wood Siding
Listing Agency:
RE/MAX elite · RE/MAX International
(956) 583-2100
Listed By:
Yanett Rodriguez · License #695607
(956) 522-8213
Added: Oct 2
Last Checked: Oct 3 at 2:06AM
MLS# 516716
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 2,088-square-foot mixed-use property includes an office at the front and a single-family home toward the rear. The residence needs work, while the office provides dedicated business space. The building was constructed in 1980 and has aluminum and wood siding, central heating and air conditioning, and an electric water heater.
The property occupies 0.441 acres at 1106 N Alton Boulevard in Alton, Texas. Its layout brings office and residential components together on one parcel.
The property occupies 0.441 acres at 1106 N Alton Boulevard in Alton, Texas. Its layout brings office and residential components together on one parcel.
Key Highlights
- 2,088‑square‑foot property on 0.441 acres
- Front office space and a single‑family home toward the rear
- 1980 construction with aluminum and wood siding
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
$21,141
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
8.13%
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%
$422,820
$422.8K
Cap Rate 7%
$302,014
$302.0K
Cap Rate 9%
$234,900
$234.9K
Market Conditions
NOI Build-Up for 2,088 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
$37.6K $18.00/SF
− Vacancy
−$3.8K −$1.80/SF
EGI
$33.8K $16.20/SF
− OpEx
−$12.7K −$6.07/SF
NOI
$21.1K $10.13/SF
Area
Hidalgo County, TX
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$422,820
Cap Rate 7%
$302,014
Cap Rate 9%
$234,900
Alternative Uses
Best Use
Office B
$498.9K
$436.6K – $582.1K
NOI $34,926 @ 7.0% cap · market cap 13.43%
Second Best
Mixed Use
$302.0K
$264.3K – $352.4K
NOI $21,141 @ 7.0% cap · market cap 8.13%
Theoretical Best
Hotel Hospitality
$1.57M
$1.38M – $1.83M
NOI $110,090 @ 7.0% cap · market cap 42.34%
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
188
Businesses Nearby
Explore this area
Business Placement
Demographics for 78573, TX
42,229
Population
13,339
Households
3.2
Avg Household Size
29
Median Age
15%
College-Educated
63%
High-School Grad
36.7 sq mi
ZIP Area
1,151
Density / Sq Mi
$51,185
Median Household Income
$27,730
Median Earnings
$909
Median Rent
$154,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - An office and single-family residence occupy the same parcel, offering commercial and residential space in one property.
Where is this mixed-use property located?
The property is located at 1106 N Alton Boulevard Alton, TX.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: 2,088‑square‑foot property on 0.441 acres; Front office space and a single‑family home toward the rear; 1980 construction with aluminum and wood siding
