Multi-Suite Office
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For Sale
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122 N Alamo Unit 1, Alamo, TX 78516
Two office suites can be occupied separately or configured together under a Modified Gross lease.
Property Size1,440 SF
Price / SF$1.22
Days on Market1
Property Features for 122 N Alamo Unit 1
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Year Built
2009
Tenancy
Multi
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 1:47AM
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.
This multi-tenant office building in Alamo, Texas, has two available suites measuring 1,404 SF and 2,478 SF. They may be leased individually or combined into a 3,882 SF space. The lease structure is Modified Gross, and the building was completed in 2009.
The property sits at the intersection of N. Alamo Road and Business 83, with access to Interstate 2. Commercial and residential development is underway in the surrounding area.
The property sits at the intersection of N. Alamo Road and Business 83, with access to Interstate 2. Commercial and residential development is underway in the surrounding area.
Key Highlights
- Two available suites: 1,404 SF and 2,478 SF
- Suites may be combined for 3,882 SF
- Modified Gross lease structure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,087
Suggested Prices Based on Cap Rates
Cap Rate 5%
$481,740
$481.7K
Cap Rate 7%
$344,100
$344.1K
Cap Rate 9%
$267,633
$267.6K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$44.2K $30.72/SF
− Vacancy
−$12.1K −$8.42/SF
EGI
$32.1K $22.30/SF
− OpEx
−$8.0K −$5.58/SF
NOI
$24.1K $16.73/SF
Area
Hidalgo County, TX
Vacancy
27.40%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$481,740
Cap Rate 7%
$344,100
Cap Rate 9%
$267,633
Alternative Uses
Best Use
Office B
$344.1K
$301.1K – $401.5K
NOI $24,087 @ 7.0% cap · market cap 1,372.48%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.08M
$949.1K – $1.27M
NOI $75,924 @ 7.0% cap · market cap 4,326.15%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
607
Businesses Nearby
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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Two office suites can be occupied separately or configured together under a Modified Gross lease.
Where is this office unit located?
The property is located at 122 N Alamo Unit 1 Alamo, TX.
What are key features of this property?
This property features: Two available suites: 1,404 SF and 2,478 SF; Suites may be combined for 3,882 SF; Modified Gross lease structure
