Highway Frontage Flex
For Sale
$250,000
120 W Us Highway 83, Alamo, TX 78516
Flexible commercial layout with frontage along a business corridor for office, retail, or automotive service operations.
Property Size1,875 SF
Lot Size0.11 Acres
Price / SF$133.33
Days on Market30
Property Features for 120 W Us Highway 83
General Information
Standard status
Active
Size
1,875 SF
Lot size
0.11 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$4,132
Listing Agency:
Coldwell Banker La Mansion
(512) 998-0019
Listed By:
Omar Garza · License #824592
(512) 998-0019
Source:
Exprealty
Added: Aug 4
Changed: Sep 1
Last Checked: Sep 1 at 9:58PM
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 Coldwell Banker La Mansion
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.
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 = 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
$9,867
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
3.95%
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%
$197,340
$197.3K
Cap Rate 7%
$140,957
$141.0K
Cap Rate 9%
$109,633
$109.6K
Market Conditions
NOI Build-Up for 1,875 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
$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 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%
$197,340
Cap Rate 7%
$140,957
Cap Rate 9%
$109,633
Alternative Uses
Best Use
Office B
$448.0K
$392.0K – $522.7K
NOI $31,363 @ 7.0% cap · market cap 12.55%
Second Best
Retail
$361.7K
$316.5K – $422.0K
NOI $25,317 @ 7.0% cap · market cap 10.13%
Theoretical Best
Hotel Hospitality
$1.41M
$1.24M – $1.65M
NOI $98,859 @ 7.0% cap · market cap 39.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
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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 $250,000.
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
