7-Unit Retail
220 Alton Boulevard, Alton, TX 78573
For Sale
$950,000
Commercial Sale, Alton, TX
Property Size6,233 SF
Lot Size0.45 Acres
Price / SF$152.41
Days on Market29
Property Features for 220 Alton Boulevard
General Information
Property type
Property subtype
Parking
Parking features
Appliances
Subdivision
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Building materials
Roof type
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Maggie Harris · License TX #0530155
(956) 821-9990
Added: Oct 16
Changed: Oct 26
Last Checked: Nov 13 at 11:06AM
MLS# 517995
Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail property contains seven leased commercial units within a 6,233-square-foot building on a 0.4456-acre parcel. Built in 2007, the structure has stucco exterior walls and a flat metal roof. Heating and cooling are provided by central, electric systems.
The property is at 220 Alton Boulevard in Alton, Texas. Chain restaurants and shopping centers are located nearby.
The property is at 220 Alton Boulevard in Alton, Texas. Chain restaurants and shopping centers are located nearby.
Key Highlights
- Seven commercial units, all leased
- 6,233‑square‑foot building on a 0.4456‑acre parcel
- Built in 2007 with stucco construction
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
Office A
$2.19M
$1.92M – $2.56M
NOI $153,481 @ 7.0% cap · market cap 16.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
310
Businesses Nearby
Explore this area
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
$154,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 - All seven commercial units are leased, with nearby chain restaurants and shopping centers.
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: Seven commercial units, all leased; 6,233‑square‑foot building on a 0.4456‑acre parcel; Built in 2007 with stucco construction
