Convenience Store with Fuel
For Sale
$499,000
415 E Us Highway 83, Alamo, TX 78516
Operating retail property with fuel infrastructure, a walk-in cooler, product display areas, and a paved lot with access from multiple streets.
Property Size1,680 SF
Price / SF$297.02
Days on Market77
Property Features for 415 E Us Highway 83
General Information
Standard status
Active
Size
1,680 SF
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$3,752
Amenities
walk-in cooler
expansive product display areas
paved lot
on-site pylon sign
Listing Agency:
Select Properties
Listed By:
Vicki Lynn Chrysler
(956) 821-1939
Source:
Exprealty
Added: Jul 24
Changed: Oct 3
Last Checked: Oct 7 at 1:43PM
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 Select Properties
Investment Insights
Based on property information with market context.
This operating convenience store includes a walk-in cooler, expansive product display areas, and a paved lot. The property also conveys with working gas pumps and a full fuel canopy; the pumps are currently not in use by the tenant. An on-site pylon sign is included, providing a dedicated identification feature for the business.
The property is positioned at the intersection of E Business 83 and S Tower Rd in Alamo, with access from multiple streets. The surrounding area includes residential and commercial activity. Convenience store inventory does not convey with the sale, and the existing tenant should not be disturbed.
The property is positioned at the intersection of E Business 83 and S Tower Rd in Alamo, with access from multiple streets. The surrounding area includes residential and commercial activity. Convenience store inventory does not convey with the sale, and the existing tenant should not be disturbed.
Key Highlights
- Operating convenience store at 415 E US Highway 83 in Alamo, TX 78516
- Working gas pumps and full fuel canopy convey; pumps are currently not in use by the tenant
- Walk‑in cooler and expansive product display areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,381
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,620
$487.6K
Cap Rate 7%
$348,300
$348.3K
Cap Rate 9%
$270,900
$270.9K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$34.5K $20.52/SF
− Vacancy
−$2.0K −$1.17/SF
EGI
$32.5K $19.35/SF
− OpEx
−$8.1K −$4.84/SF
NOI
$24.4K $14.51/SF
Area
Hidalgo County, TX
Vacancy
5.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,620
Cap Rate 7%
$348,300
Cap Rate 9%
$270,900
Alternative Uses
Best Use
Specialty Retail
$348.3K
$304.8K – $406.4K
NOI $24,381 @ 7.0% cap · market cap 4.89%
Second Best
Retail
$324.1K
$283.6K – $378.1K
NOI $22,684 @ 7.0% cap · market cap 4.55%
Theoretical Best
Hotel Hospitality
$1.27M
$1.11M – $1.48M
NOI $88,578 @ 7.0% cap · market cap 17.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
371
Businesses Nearby
3k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Watermill Express
Shops & Services
2,811 visits/mo
0.2 miles
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 Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Go to Alamo — r112159, alamo, tx 78516
- Super Morelos — Hwy, 1001 U.S. 83 Frontage Rd S, Alamo, TX 78516
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Operating retail property with fuel infrastructure, a walk-in cooler, product display areas, and a paved lot with access from multiple streets.
Where is this grocery and convenience store located?
The property is located at 415 E Us Highway 83 Alamo, TX.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Operating convenience store at 415 E US Highway 83 in Alamo, TX 78516; Working gas pumps and full fuel canopy convey; pumps are currently not in use by the tenant; Walk‑in cooler and expansive product display areas
