Storefront Property with
For Sale
$595,000
1348 N Tower Road, Alamo, TX 78516
Corner commercial building with office space, salon-ready area, and overhead doors.
Property Size3,000 SF
Price / SF$198.33
Days on Market261
Property Features for 1348 N Tower Road
General Information
Standard status
Active
Size
3,000 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$7,119
Amenities
Central Air, Electric, Wall Air Conditioning
3
Lot with Trees.
BBQ Pit, Extra Storage, Trees. Strip Mall, City Road, Paved Road, Wooded.
Building Details
Year Built
2006
Listing Agency:
Big Realty
(956) 223-9200
Listed By:
Joshua Benavides
(956) 223-9200
Source:
Xome
Added: Dec 12, 2025
Changed: Aug 29
Last Checked: Aug 30 at 1:24PM
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 Big Realty
Investment Insights
Based on property information with market context.
This 3,000-square-foot storefront property, built in 2006, combines a working drive-through with a private office and an additional area prepared for a full salon buildout. Two overhead doors add functional access for storage, service, or day-to-day operations. The building also includes central air, electric service, and wall air conditioning.
Positioned at the intersection of Tower Road and Eldora Road in Alamo, the property has paved-road access and concrete parking areas at both the front and rear. The site includes established trees and additional storage, with a BBQ pit also present. Its existing mix of customer-facing, office, and operational features supports a range of storefront configurations without relying on a single layout.
Positioned at the intersection of Tower Road and Eldora Road in Alamo, the property has paved-road access and concrete parking areas at both the front and rear. The site includes established trees and additional storage, with a BBQ pit also present. Its existing mix of customer-facing, office, and operational features supports a range of storefront configurations without relying on a single layout.
Key Highlights
- Working drive‑through and private office
- 3,000 square feet; built in 2006
- Additional space prepared for a full salon
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
$40,506
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
6.81%
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%
$810,120
$810.1K
Cap Rate 7%
$578,657
$578.7K
Cap Rate 9%
$450,067
$450.1K
Market Conditions
NOI Build-Up for 3,000 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
$61.6K $20.52/SF
− Vacancy
−$3.7K −$1.23/SF
EGI
$57.9K $19.29/SF
− OpEx
−$17.4K −$5.79/SF
NOI
$40.5K $13.50/SF
Area
Hidalgo County, TX
Vacancy
6.00%
Lease Rate
$20.52 /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%
$810,120
Cap Rate 7%
$578,657
Cap Rate 9%
$450,067
Alternative Uses
Best Use
Retail
$578.7K
$506.3K – $675.1K
NOI $40,506 @ 7.0% cap · market cap 6.81%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$2.26M
$1.98M – $2.64M
NOI $158,175 @ 7.0% cap · market cap 26.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
74
Businesses Nearby
Well-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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Corner commercial building with office space, salon-ready area, and overhead doors.
Where is this storefront property located?
The property is located at 1348 N Tower Road Alamo, TX.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Working drive‑through and private office; 3,000 square feet; built in 2006; Additional space prepared for a full salon
