Shopping Center with Soccer
3302 E Main Avenue, Alton, TX 78573
For Sale
New
$400,000
All retail space is leased, and the rear field also generates income through tournaments.
Property Size1,860 SF
Price / SF$215.05
Days on Market7
Property Features for 3302 E Main Avenue
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Tenant in Place
Amenities
soccer field
Building Details
Year Built
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Oct 31
Changed: Nov 6
Last Checked: Nov 6 at 2:16PM
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 SANETI REALTY GROUP
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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.
Built in 2001, this shopping center is fully leased and includes a soccer field behind the retail plaza. Tournament activity at the field provides an additional source of income.
The property is located at 3302 E Main Avenue in Alton, Texas.
The property is located at 3302 E Main Avenue in Alton, Texas.
Key Highlights
- All retail space is leased
- Soccer field located behind the shopping center
- The field generates income through tournaments and similar activities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,114
Cap Rate
6.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$502,280
$502.3K
Cap Rate 7%
$358,771
$358.8K
Cap Rate 9%
$279,044
$279.0K
Market Conditions
NOI Build-Up for 1,860 SF
Gross rent
$38.2K $20.52/SF
− Vacancy
−$2.3K −$1.23/SF
EGI
$35.9K $19.29/SF
− OpEx
−$10.8K −$5.79/SF
NOI
$25.1K $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%
$502,280
Cap Rate 7%
$358,771
Cap Rate 9%
$279,044
Alternative Uses
Best Use
Retail
$358.8K
$313.9K – $418.6K
NOI $25,114 @ 7.0% cap · market cap 6.28%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.40M
$1.23M – $1.63M
NOI $98,069 @ 7.0% cap · market cap 24.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
822
Businesses Nearby
Balanced
Demand for This Use
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 Shopping centers in Hidalgo County, TX
Properties on Market for Shopping centers in Hidalgo County
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Shopping center - All retail space is leased, and the rear field also generates income through tournaments.
Where is this shopping center located?
The property is located at 3302 E Main Avenue Alton, TX.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: All retail space is leased; Soccer field located behind the shopping center; The field generates income through tournaments and similar activities
