Building Details

Building Size 5,586 SF

Year Built 1995

Stories 2

Listing Agency: Keller Williams Realty RGV k***@kw.com Show Phone

Listed By: Jaime Lee Gonzalez · License #713189 Show Phone

Source: Justrealty

Added: Oct 22 Changed: Oct 24 Last Checked: Oct 24 at 3:23PM

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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

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

Configured as an auto lot, the property includes a main office, attached spaces available for rent, and a garage with a bar/lounge area. More than 20 covered carports and additional parking serve the site, which was built in 1995.

The property occupies 1 acre in Alamo, Texas, at 1111 S Alamo Road. Its existing layout combines office, garage, covered vehicle storage, and rentable areas on one site.

Key Highlights

• Operating auto lot on 1 acre
• More than 20 covered carports
• Main office and attached rentable spaces

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$29,395

Cap Rate

3.68%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$587,900 $587.9K

Cap Rate 7%

$419,929 $419.9K

Cap Rate 9%

$326,611 $326.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,586 SF

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 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 (±1% cap)

NOI $75,423 @ 7.0% cap · market cap 9.44%

Second Best

Industrial

$419.9K

$367.4K – $489.9K (±1% cap)

NOI $29,395 @ 7.0% cap · market cap 3.68%

Theoretical Best

Hotel Hospitality

$4.21M

$3.68M – $4.91M (±1% cap)

NOI $294,522 @ 7.0% cap · market cap 36.86%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Automotive properties

Suggested Use

Top Pick Law Firm Parking Lot & Garage Pharmacy Building Supply Hair Salon Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Automotive property - The operating auto lot includes office space, attached rentable areas, and a garage with a bar/lounge.

Where is this automotive property located?

The property is located at 1111 S 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: Operating auto lot on 1 acre; More than 20 covered carports; Main office and attached rentable spaces