Single-Story Retail Strip
515 W Main Avenue W, Alton, TX 78573
For Sale
New
$1,200,000
Commercial Sale, Alton, TX
Property Size8,072 SF
Lot Size0.56 Acres
Price / SF$148.66
Days on Market3
Property Features for 515 W Main Avenue W
General Information
Property type
Property subtype
Zoning
Parking
Accessibility
Appliances
Subdivision
Directions
Standard status
APN
Size
Lot size
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:
RE/MAX elite · RE/MAX International
(956) 583-2100
Listed By:
Gustavo Figueroa · License TX #602632
(956) 588-6550
Added: Nov 11
Last Checked: Nov 13 at 12:06PM
MLS# 520126
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.
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Investment Insights
Based on property information with market context.
This retail center in Alton contains 8,072 square feet on a 0.56-acre parcel. Built in 2017, the single-story structure has stucco construction and a metal roof. Property features include pylon signage, customer parking, landscaped grounds, and an accessible approach with ramp. Zoning is F1.
Located at 515 W Main Avenue W, the property is in Hidalgo County. Central heating uses natural gas, and central air conditioning is listed.
Located at 515 W Main Avenue W, the property is in Hidalgo County. Central heating uses natural gas, and central air conditioning is listed.
Key Highlights
- 8,072‑square‑foot retail center on a 0.56‑acre parcel
- Built in 2017 with stucco construction and a metal roof
- F1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,989
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,179,780
$2.2M
Cap Rate 7%
$1,556,986
$1.6M
Cap Rate 9%
$1,210,989
$1.2M
Market Conditions
NOI Build-Up for 8,072 SF
Gross rent
$165.6K $20.52/SF
− Vacancy
−$9.9K −$1.23/SF
EGI
$155.7K $19.29/SF
− OpEx
−$46.7K −$5.79/SF
NOI
$109.0K $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%
$2,179,780
Cap Rate 7%
$1,556,986
Cap Rate 9%
$1,210,989
Alternative Uses
Best Use
Retail
$1.56M
$1.36M – $1.82M
NOI $108,989 @ 7.0% cap · market cap 9.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.84M
$2.48M – $3.31M
NOI $198,765 @ 7.0% cap · market cap 16.56%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
296
Businesses Nearby
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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
$154,800
Median Home Value
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Market
Average Price Trend$/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 - The 2017-built property includes customer parking, pylon signage, and an accessible approach ramp.
Where is this strip mall located?
The property is located at 515 W Main Avenue W Alton, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 8,072‑square‑foot retail center on a 0.56‑acre parcel; Built in 2017 with stucco construction and a metal roof; F1 zoning
