Building Details

Year Built 2001

Buildings 1

Listing Agency: AXEN Realty Show Phone

Listed By: Anna Hammad (ah.modernliving@gmail.com) · License #824064325 Show Phone

Source: Sanantoniosfinestrealty

Added: Aug 20 Changed: Oct 7 Last Checked: Oct 12 at 7:20PM

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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 AXEN Realty

Investment Insights

Based on property information with market context.

This medical office property contains 6,893 square feet of office space in a well-maintained building completed in 2001. The interior is described as flexible for office use, supporting a range of medical or professional configurations. A large roadside sign provides an additional identification feature for occupants and visitors.

The building fronts Business 83 and benefits from reported daily traffic exceeding 16,000 vehicles, creating consistent drive-by exposure. The surrounding area includes a high concentration of residences, adding established nearby population context. The property is located at 1501 W Us Highway 83.

Key Highlights

• 6,893 square feet of flexible office space
• Medical office building completed in 2001
• Frontage along Business 83

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$115,299

Cap Rate

8.87%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,305,980 $2.3M

Cap Rate 7%

$1,647,129 $1.6M

Cap Rate 9%

$1,281,100 $1.3M

Market Conditions

NOI Build-Up for 6,893 SF

Gross rent

$211.8K $30.72/SF

− Vacancy

−$58.0K −$8.42/SF

EGI

$153.7K $22.30/SF

− OpEx

−$38.4K −$5.58/SF

NOI

$115.3K $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%

$2,305,980

Cap Rate 7%

$1,647,129

Cap Rate 9%

$1,281,100

Alternative Uses

Best Use

Office B

$1.65M

$1.44M – $1.92M (±1% cap)

NOI $115,299 @ 7.0% cap · market cap 8.87%

Second Best

Healthcare Medical

$1.46M

$1.27M – $1.70M (±1% cap)

NOI $101,991 @ 7.0% cap · market cap 7.85%

Theoretical Best

Hotel Hospitality

$5.19M

$4.54M – $6.06M (±1% cap)

NOI $363,433 @ 7.0% cap · market cap 27.96%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Electrical Service Locksmith (Bike/Boat/Book/etc) Store Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

558

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

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this medical office space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Flexible office space offers prominent signage and exposure to substantial daily vehicle traffic.

Where is this medical office space located?

The property is located at 1501 W Us Highway 83 Alamo, TX.

What is the asking price?

The asking price for this property is $1,300,000.

What are key features of this property?

This property features: 6,893 square feet of flexible office space; Medical office building completed in 2001; Frontage along Business 83