Multi-Tenant Storefront
New
For Sale
$480,000
1113 1115 W Duranta Avenue, Alamo, TX 78516
Three businesses occupy the building, each with its own electric and water meter.
Property Size2,743 SF
Lot Size0.23 Acres
Price / SF$174.99
Days on Market2
Property Features for 1113 1115 W Duranta Avenue
General Information
Standard status
Active
Size
2,743 SF
Lot size
0.23 Acres
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Land Use
commercial
Tenant in Place
Yes
Building Details
Year Built
1986
Buildings
1
Tenancy
Multi
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Oct 31
Changed: Nov 1
Last Checked: Nov 1 at 1:40AM
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 SANETI REALTY GROUP
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Investment Insights
Based on property information with market context.
At 1113 and 1115 W Duranta Avenue, this 2,743-square-foot storefront building was built in 1986. The 10,000-square-foot lot measures 100 by 100 feet, more or less. The property houses a bicycle shop, an audio and stereo shop, and a barber shop; each business has a separate electric and water meter.
The Alamo property is one block south of I-2 (Expressway 83), near the expressway exit at Alamo Road (FM 907), Duranta Avenue, and N. Alamo Road. Nearby retailers and restaurants include Whataburger, Pizza Hut, Walgreens Pharmacy, and H-E-B. Alamo is about 6 miles east of McAllen and 7 miles west of Weslaco.
The Alamo property is one block south of I-2 (Expressway 83), near the expressway exit at Alamo Road (FM 907), Duranta Avenue, and N. Alamo Road. Nearby retailers and restaurants include Whataburger, Pizza Hut, Walgreens Pharmacy, and H-E-B. Alamo is about 6 miles east of McAllen and 7 miles west of Weslaco.
Key Highlights
- 2,743‑square‑foot storefront building on a 10,000‑square‑foot lot
- Three businesses: bicycle shop, audio and stereo shop, and barber shop
- Separate electric and water meters for each business
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,036
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$740,720
$740.7K
Cap Rate 7%
$529,086
$529.1K
Cap Rate 9%
$411,511
$411.5K
Market Conditions
NOI Build-Up for 2,743 SF
Gross rent
$56.3K $20.52/SF
− Vacancy
−$3.4K −$1.23/SF
EGI
$52.9K $19.29/SF
− OpEx
−$15.9K −$5.79/SF
NOI
$37.0K $13.50/SF
Area
Hidalgo County, TX
Vacancy
6.00%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$740,720
Cap Rate 7%
$529,086
Cap Rate 9%
$411,511
Alternative Uses
Best Use
Retail
$529.1K
$463.0K – $617.3K
NOI $37,036 @ 7.0% cap · market cap 7.72%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$2.07M
$1.81M – $2.41M
NOI $144,625 @ 7.0% cap · market cap 30.13%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
752
Businesses Nearby
277k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Groceries 31%
Shops & Services 15%
Apparel 4%
H-E-B
Groceries
84,926 visits/mo
0.1 miles
McDonald's
Dining
47,070 visits/mo
0.2 miles
Whataburger
Dining
31,374 visits/mo
0.1 miles
Dutch Bros. Coffee
Dining
15,597 visits/mo
0.1 miles
Church's Chicken
Dining
12,716 visits/mo
0.2 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Exquisite Designs — 939 US-83 BUS #2, Alamo, TX 78516
- Norma's Floral & Gifts — 1312 W Duranta Ave, Alamo, TX 78516
- The Flower Shop — Alamo, TX 78516
Frequently Asked Questions
What type of property is this?
Storefront property - Three businesses occupy the building, each with its own electric and water meter.
Where is this storefront property located?
The property is located at 1113 1115 W Duranta Avenue Alamo, TX.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: 2,743‑square‑foot storefront building on a 10,000‑square‑foot lot; Three businesses: bicycle shop, audio and stereo shop, and barber shop; Separate electric and water meters for each business
