Medical Office Space with Clinic
New
For Sale
Contact for pricing
122 N Alamo, Alamo, TX 78516
Two suites previously served laboratory and primary-care functions, with access from Alamo Road.
Property Size2,478 SF
Price / SF$1.25
Days on Market2
Property Features for 122 N Alamo
General Information
Standard status
Active
Size
2,478 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Property Use
Medical Office
Building Details
Year Built
1988
Buildings
1
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 3:53PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This medical office property in Alamo contains two available suites. The 1,404-square-foot space previously operated as a clinical laboratory, while the 2,478-square-foot suite was configured for primary care. The building dates to 1988.
The property is on N. Alamo Road, near I-2 / Expressway 83, providing access to the expressway and the Alamo area.
The property is on N. Alamo Road, near I-2 / Expressway 83, providing access to the expressway and the Alamo area.
Key Highlights
- 1,404 SF suite previously operated as a clinical laboratory
- 2,478 SF suite was configured for primary care
- On N. Alamo Road near I‑2 / Expressway 83
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,665
Suggested Prices Based on Cap Rates
Cap Rate 5%
$733,300
$733.3K
Cap Rate 7%
$523,786
$523.8K
Cap Rate 9%
$407,389
$407.4K
Market Conditions
NOI Build-Up for 2,478 SF
Gross rent
$73.4K $29.64/SF
− Vacancy
−$12.3K −$4.98/SF
EGI
$61.1K $24.66/SF
− OpEx
−$24.4K −$9.86/SF
NOI
$36.7K $14.80/SF
Area
Hidalgo County, TX
Vacancy
16.80%
Lease Rate
$29.64 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$733,300
Cap Rate 7%
$523,786
Cap Rate 9%
$407,389
Alternative Uses
Best Use
Office B
$592.1K
$518.1K – $690.8K
NOI $41,450 @ 7.0% cap · market cap 1,338.39%
Second Best
Healthcare Medical
$523.8K
$458.3K – $611.1K
NOI $36,665 @ 7.0% cap · market cap 1,183.89%
Theoretical Best
Hotel Hospitality
$1.87M
$1.63M – $2.18M
NOI $130,653 @ 7.0% cap · market cap 4,218.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
607
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Two suites previously served laboratory and primary-care functions, with access from Alamo Road.
Where is this medical office space located?
The property is located at 122 N Alamo Alamo, TX.
What are key features of this property?
This property features: 1,404 SF suite previously operated as a clinical laboratory; 2,478 SF suite was configured for primary care; On N. Alamo Road near I‑2 / Expressway 83
