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 Market27
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
(956) 821-1939
Listed By:
Vicki Lynn Chrysler
(956) 821-1939
Source:
Exprealty
Added: Jul 24
Changed: Aug 18
Last Checked: Aug 18 at 10:56AM
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,381
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Super Morelos — Hwy, 1001 U.S. 83 Frontage Rd S, Alamo, TX 78516
- Go to Alamo — r112159, 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
