7-Unit Strip
220 Alton Boulevard, Alton, TX 78573
For Sale
New
$950,000
The property is fully leased, with seven occupied commercial units.
Property Size6,233 SF
Price / SF$152.41
Days on Market1
Property Features for 220 Alton Boulevard
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Tenancy
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Maggie Harris · License #TREC#0530155
(956) 821-9990
Source:
Culturare
Added: Nov 6
Last Checked: Nov 6 at 2:23PM
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 Keller Williams Realty RGV
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Investment Insights
Based on property information with market context.
Built in 2007, this 6,233-square-foot strip mall contains seven commercial units and is fully leased. The property is in Alton, near chain restaurants, shopping centers, national retailers, and major thoroughfares.
Key Highlights
- 7 commercial units, all leased
- 6,233 square feet
- Built in 2007
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,159
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,683,180
$1.7M
Cap Rate 7%
$1,202,271
$1.2M
Cap Rate 9%
$935,100
$935.1K
Market Conditions
NOI Build-Up for 6,233 SF
Gross rent
$127.9K $20.52/SF
− Vacancy
−$7.7K −$1.23/SF
EGI
$120.2K $19.29/SF
− OpEx
−$36.1K −$5.79/SF
NOI
$84.2K $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 Rate 5%
$1,683,180
Cap Rate 7%
$1,202,271
Cap Rate 9%
$935,100
Alternative Uses
Best Use
Retail
$1.20M
$1.05M – $1.40M
NOI $84,159 @ 7.0% cap · market cap 8.86%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$4.69M
$4.11M – $5.48M
NOI $328,635 @ 7.0% cap · market cap 34.59%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
300
Businesses Nearby
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Business Placement
Demographics for 78573, TX
42,229
Population
13,339
Households
3.2
Avg Household Size
29
Median Age
15%
College-Educated
63%
High-School Grad
36.7 sq mi
ZIP Area
1,151
Density / Sq Mi
$51,185
Median Household Income
$27,730
Median Earnings
$909
Median Rent
$154,800
Median Home Value
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Market
Average Price Trend$/SF for Strip malls in Hidalgo County, TX
Properties on Market for Strip malls in Hidalgo County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - The property is fully leased, with seven occupied commercial units.
Where is this strip mall located?
The property is located at 220 Alton Boulevard Alton, TX.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 7 commercial units, all leased; 6,233 square feet; Built in 2007
