Automotive Property with Covered
New
For Sale
$799,000
1111 Alamo Road, Alamo, TX 78516
Operating auto lot with office, garage, and attached rentable areas.
Property Size5,586 SF
Lot Size1.00 Acre
Price / SF$143.04
Days on Market7
Property Features for 1111 Alamo Road
General Information
Standard status
Active
Size
5,586 SF
Lot size
1.00 Acre
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$8,718
Amenities
main office
attached rentable spaces
covered carports
ample parking
garage with bar/lounge area
Wall Air Conditioning
3
Parking.
20 Parking Spaces. Paved Driveway, Garage, Off Street, Secured.
Workshop, Extra Storage. City Road.
Building Details
Year Built
1995
Listing Agency:
Keller Williams Realty Rgv
(956) 599-8400
Listed By:
Jaime Gonzalez · License #713189
(956) 599-8400
Source:
Xome
Added: Aug 25
Changed: Aug 31
Last Checked: Aug 31 at 8:46AM
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 Keller Williams Realty Rgv
Investment Insights
Based on property information with market context.
This 5,586-square-foot automotive property occupies 1 acre and is currently used as an auto lot. Improvements include a main office, attached rentable areas, a garage, and more than 20 covered carports. The garage also contains a bar and lounge area, while the site provides paved and off-street parking with a secured driveway.
Built in 1995, the property includes wall air conditioning and additional storage and workshop areas. Its configuration supports automotive dealership, repair, service, and storage uses identified for the site, along with other commercial operations that can use the existing combination of office, garage, covered vehicle areas, and ancillary spaces. The property is located on Alamo Road in Alamo, Texas, with access from a city road.
Built in 1995, the property includes wall air conditioning and additional storage and workshop areas. Its configuration supports automotive dealership, repair, service, and storage uses identified for the site, along with other commercial operations that can use the existing combination of office, garage, covered vehicle areas, and ancillary spaces. The property is located on Alamo Road in Alamo, Texas, with access from a city road.
Key Highlights
- 5,586‑square‑foot automotive property on 1 acre
- Currently operating as an auto lot
- More than 20 covered carports
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
$29,395
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
3.68%
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%
$587,900
$587.9K
Cap Rate 7%
$419,929
$419.9K
Cap Rate 9%
$326,611
$326.6K
Market Conditions
NOI Build-Up for 5,586 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
$44.9K $8.04/SF
− Vacancy
−$2.9K −$0.52/SF
EGI
$42.0K $7.52/SF
− OpEx
−$12.6K −$2.26/SF
NOI
$29.4K $5.26/SF
Area
Hidalgo County, TX
Vacancy
6.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
30.00%
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%
$587,900
Cap Rate 7%
$419,929
Cap Rate 9%
$326,611
Alternative Uses
Best Use
Retail
$1.08M
$942.8K – $1.26M
NOI $75,423 @ 7.0% cap · market cap 9.44%
Second Best
Industrial
$419.9K
$367.4K – $489.9K
NOI $29,395 @ 7.0% cap · market cap 3.68%
Theoretical Best
Hotel Hospitality
$4.21M
$3.68M – $4.91M
NOI $294,522 @ 7.0% cap · market cap 36.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
133
Businesses Nearby
66k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Sunoco
Shops & Services
18,405 visits/mo
0.3 miles
Stripes
Shops & Services
16,257 visits/mo
0.3 miles
Exxon
Shops & Services
11,172 visits/mo
0.2 miles
Dollar General
Shops & Services
10,192 visits/mo
0.2 miles
O'Reilly Auto Parts
Shops & Services
5,777 visits/mo
0.3 miles
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Automotive property - Operating auto lot with office, garage, and attached rentable areas.
Where is this automotive property located?
The property is located at 1111 Alamo Road Alamo, TX.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 5,586‑square‑foot automotive property on 1 acre; Currently operating as an auto lot; More than 20 covered carports
