Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Lot Near Expressway 83 Title is generated by Realmo AI

    408 North Cesar Chavez Road, Alamo, TX 78516

    View on Map
    Claim this Listing
    For Sale
    $700,000

    Three-acre commercial lot near Expressway 83 and Walmart.

    Type:Land / Commercial
    Property size:
    133,943 SF
    Lot size:
    3.00 Acres
    Price / SF:
    $5/SF
    Added:
    Jan 31, 2025
    Days on Market:
    487
    Last Refresh:
    Mar 13 at 10:40 am

    Property Features for 408 North Cesar Chavez Road

    General Information

    Standard status
    Active
    Size
    133,943 SF
    Lot size
    3.00 Acres
    Property subtype
    Land / Commercial

    We can help!

    Listing Contact
    Rene Sheldon Galvan

    Listing agent Rene Sheldon Galvan

    Listing office Rgv Realty

    Listing date Jan 31, 2025

    Source Compass

    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 Rgv Realty

    HighLights

    • Zoned commercial and already subdivided
    • High‑traffic location blocks from Expressway 83
    • Adjacent to a 77‑unit apartment complex
    • Surrounded by established businesses like Walmart and the Alamo Flea Market
    • Ideal for a small strip center with restaurants
    • Many new developments under construction nearby

    Overview

    This three-acre commercial lot is located blocks from Expressway 83, near businesses such as Walmart and the Alamo Flea Market. The property is subdivided and zoned for commercial use. It is situated adjacent to a 77-unit apartment complex. The surrounding area features new developments under construction. The site is suitable for a small strip center with restaurants.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alamo
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.134508
    Latitude
    26.188664

    Nearby Similar for Sale

    • $1,100,000
      4,622 SF

      Income-Producing Alamo Commercial Property

      Fully leased restaurant, retail store, and food trucks included.
      1037 W Duranta Avenue, Alamo, TX 78516
      View Details
    • $2,199,000
      372 SF

      Gas Station Investment Opportunity

      Gas station on frontage road in Alamo, Texas.
      1100 W Frontage Road, Alamo, TX 78516
      View Details
    • $595,000
      3,000 SF

      Prime Commercial Corner Location

      Highly visible commercial property with drive-thru in Alamo, Texas.
      1348 N Tower Road, Alamo, TX 78516
      View Details
    • $650,000

      Alamo Commercial Investment Opportunity

      Income-producing property with high traffic and diversified income streams.
      1110 S Alamo Road, Alamo, TX 78516
      View Details
    • $970,000
      12,124 SF

      Alamo Commercial Property with Warehouse

      Versatile 12.77-acre property with warehouse and owner financing.
      135 Sioux Road, Alamo, TX 78516
      View Details
    • $1,689,000
      2,868 SF

      Mixed-Use Property in Alamo, TX

      Income-producing commercial property with residential and storage components.
      1428 N Cesar Chavez Road, Alamo, TX 78516
      View Details
    • $650,000
      1,576 SF

      Alamo Commercial Investment Opportunity

      Income-producing commercial property on a high-traffic corner lot.
      1110 S Alamo Street, Alamo, TX 78516
      View Details
    • $500,000
      4,242 SF

      Income-Producing Alamo Fourplex

      Fourplex in Alamo, completed in June 2025, great for investors.
      1118 Country Club Drive, Alamo, TX 78516
      View Details
    • $209,000
      4,256 SF

      Alamo Church and Building

      Two buildings in Alamo, Texas, suitable for church or daycare.
      1109 Lopez Drive, Alamo, TX 78516
      View Details
    • $525,000
      1,099 SF

      Alamo Fourplex Investment Opportunity

      Tenant-occupied fourplex near expressway, schools, shopping, and dining.
      1233 Country Club Drive, Alamo, TX 78589
      View Details
    • $325,000
      320 SF

      Commercial Land in Growing Area

      0.5 acres with unfinished building in Alamo, Texas.
      500 E El Dora Road, Alamo, TX 78516
      View Details
    • $505,000
      4,172 SF

      Alamo Fourplex Investment Opportunity

      Well-maintained fourplex in Alamo, TX, ideal for investors.
      428 Acacia Street, Alamo, TX 78516
      View Details

    FAQs

    What type of property is this?
    Commercial land - Three-acre commercial lot near Expressway 83 and Walmart.
    Where is this commercial land located?
    The property is located at 408 North Cesar Chavez Road Alamo, TX.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: Zoned commercial and already subdivided; High‑traffic location blocks from Expressway 83; Adjacent to a 77‑unit apartment complex
    (956) 533-8583
    We can help!
    Listing Contact
    Rene Sheldon Galvan
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    408 North Cesar Chavez Road, Alamo, TX 78516
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!