Automotive Property with Covered
New
For Sale
$799,000
1111 S Alamo Road, Alamo, TX 78516
Commercial Sale, Alamo, TX
Property Size5,586 SF
Lot Size1.00 Acre
Price / SF$143.04
Days on Market2
Property Features for 1111 S Alamo Road
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
20
Parking features
Garage, Secured, Off Street
Exterior features
Workshop
Appliances
Electric Water Heater
Subdivision
Moore Road
Directions
From Expressway 83 exit Alamo Rd and head south, past Moore Rd. Property will be on your right hand side.
Standard status
Active
APN
M625200000000300
Size
5,586 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
8718
Utilities
Cooling system
Wall Unit(s)
Amenities
main office
attached rentable spaces
covered carports
garage with bar/lounge area
Building Details
Year built
1995
Floors in Building
2
Building materials
Aluminum Siding
Roof type
Metal
Additional Structures
Workshop
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Jaime Lee Gonzalez · License #713189
(956) 599-8400
Added: Aug 28
Last Checked: Aug 29 at 12:06PM
MLS# 513699
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 5,586-square-foot automotive property occupies 1 acre and includes a main office, attached rentable areas, more than 20 covered carports, and additional parking. A garage with a bar/lounge area expands the usable configuration, while a workshop, secured garage parking, and off-street parking support day-to-day operations. The building was constructed in 1995 and features aluminum siding, a metal roof, wall-unit cooling, and an electric water heater.
The property is located at 1111 S Alamo Road in Alamo, Texas, with access to major roadways noted in the property information. Its existing arrangement is suited to automotive dealership, repair or service, and storage operations, as well as other commercial uses supported by the available office, garage, and covered vehicle areas.
The property is located at 1111 S Alamo Road in Alamo, Texas, with access to major roadways noted in the property information. Its existing arrangement is suited to automotive dealership, repair or service, and storage operations, as well as other commercial uses supported by the available office, garage, and covered vehicle areas.
Key Highlights
- 1 acre with a 5,586‑square‑foot automotive property
- More than 20 covered carports
- Main office with attached rentable spaces
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
95
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
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- MARTY'S LIMOUSINES — 1111 S Alamo Rd, Alamo, TX 78516
Frequently Asked Questions
What type of property is this?
Automotive property - Office, rentable spaces, covered parking, and a garage with bar/lounge area support multiple automotive configurations.
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: 1 acre with a 5,586‑square‑foot automotive property; More than 20 covered carports; Main office with attached rentable spaces
