Corner Retail Strip
324 N Alton Boulevard Unit 160, Alton, TX 78573
For Sale
Contact for pricing
Retail property with parking at the junction of N. Alton Boulevard and Nautilus Avenue.
Property Size15,175 SF
Price / SF$0.22
Days on Market8
Property Features for 324 N Alton Boulevard Unit 160
General Information
Standard status
Size
Property subtype
Additional Details
Corner Location
Building Details
Year Built
Listing Agency:
Texus Realty
Listed By:
Israel Gutierrez · License #0558344
(512) 846-9332
Source:
Texusrealty
Added: Oct 30
Changed: Nov 6
Last Checked: Nov 6 at 2:01PM
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 Texus Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 15,175-square-foot retail strip center was built in 2005 and includes on-site parking. The property occupies the corner of N. Alton Boulevard and Nautilus Avenue in Alton, Texas. Nearby surroundings include residential neighborhoods, schools, City Hall, national retailers, and food-service businesses.
Key Highlights
- 15,175 square feet of retail space
- Built in 2005
- Corner location at N. Alton Boulevard and Nautilus Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$204,895
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,097,900
$4.1M
Cap Rate 7%
$2,927,071
$2.9M
Cap Rate 9%
$2,276,611
$2.3M
Market Conditions
NOI Build-Up for 15,175 SF
Gross rent
$311.4K $20.52/SF
− Vacancy
−$18.7K −$1.23/SF
EGI
$292.7K $19.29/SF
− OpEx
−$87.8K −$5.79/SF
NOI
$204.9K $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%
$4,097,900
Cap Rate 7%
$2,927,071
Cap Rate 9%
$2,276,611
Alternative Uses
Best Use
Retail
$2.93M
$2.56M – $3.41M
NOI $204,895 @ 7.0% cap · market cap 6,258.25%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$11.43M
$10.00M – $13.34M
NOI $800,102 @ 7.0% cap · market cap 24,438.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
300
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
$154,800
Median Home Value
Market
Average Price Trend$/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 - Retail property with parking at the junction of N. Alton Boulevard and Nautilus Avenue.
Where is this strip mall located?
The property is located at 324 N Alton Boulevard Unit 160 Alton, TX.
What are key features of this property?
This property features: 15,175 square feet of retail space; Built in 2005; Corner location at N. Alton Boulevard and Nautilus Avenue
