Listing Agency: Coldwell Banker La Mansion d***@cbcriograndevalley.com Show Phone

Listed By: Omar Garza · License #824592 Show Phone

Source: Exprealty

Added: Aug 4 Changed: Oct 8 Last Checked: Oct 16 at 1:12PM

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Investment Insights

Based on property information with market context.

This 1,875-square-foot flex space occupies approximately 0.112 acres and provides a versatile commercial footprint. The layout is suited to office, retail, automotive repair or service, and specialty-shop operations, giving an owner-user or investor several potential configuration options within one property.

Frontage along US Highway Business 83 supports prominent roadside exposure, with reported traffic exceeding 15,000 vehicles per day. The property also offers convenient customer access and sits near established businesses, residential neighborhoods, and major transportation corridors serving the Rio Grande Valley.

Key Highlights

• 1, 875 square feet of flexible commercial space
• Approximately 0.112 acres, or 4, 875 SF
• Frontage along US Highway Business 83

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$9,867

Cap Rate

4.20%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$197,340 $197.3K

Cap Rate 7%

$140,957 $141.0K

Cap Rate 9%

$109,633 $109.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,875 SF

Gross rent

$15.1K $8.04/SF

− Vacancy

−$980 −$0.52/SF

EGI

$14.1K $7.52/SF

− OpEx

−$4.2K −$2.26/SF

NOI

$9.9K $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%

$197,340

Cap Rate 7%

$140,957

Cap Rate 9%

$109,633

Alternative Uses

Best Use

Office B

$448.0K

$392.0K – $522.7K (±1% cap)

NOI $31,363 @ 7.0% cap · market cap 13.35%

Second Best

Retail

$361.7K

$316.5K – $422.0K (±1% cap)

NOI $25,317 @ 7.0% cap · market cap 10.77%

Theoretical Best

Hotel Hospitality

$1.41M

$1.24M – $1.65M (±1% cap)

NOI $98,859 @ 7.0% cap · market cap 42.07%

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

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Law Firm Electrical Service Kitchen & Bath Showroom Storage Facility Big Box & Wholesale Store Dental Office

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

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

305

Businesses Nearby

Under-served

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 Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Flexible commercial layout with frontage along a business corridor for office, retail, or automotive service operations.

Where is this flex space located?

The property is located at 120 W Us Highway 83 Alamo, TX.

What is the asking price?

The asking price for this property is $235,000.

What are key features of this property?

This property features: 1, 875 square feet of flexible commercial space; Approximately 0.112 acres, or 4, 875 SF; Frontage along US Highway Business 83