Fenced Flex Space with
New
For Sale
$500,000
611 E Business Highway 83, Alamo, TX 78516
Corner commercial property with an existing repair facility and secured outdoor area for vehicle-related operations.
Property Size5,723 SF
Lot Size0.58 Acres
Days on Market6
Property Features for 611 E Business Highway 83
General Information
Standard status
Active
Size
5,723 SF
Lot size
0.58 Acres
Property subtype
Industrial - Flex - Industrial
Site & Location
Traffic Count
10,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Building Details
Building Size
5,723 SF
Buildings
1
Listing Agency:
Coldwell Banker Commercial Rio Grande Valley
(956) 631-1322
Listed By:
Daniel Galvan · License #582851
Source:
Commercialcafe
Added: Aug 25
Changed: Aug 29
Last Checked: Aug 29 at 5:36PM
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 Coldwell Banker Commercial Rio Grande Valley
Investment Insights
Based on property information with market context.
This approximately 0.5783-acre flex property includes an existing garage repair shop and a fully fenced site. The improved parcel provides outdoor area that can accommodate vehicle parking, equipment storage, fleet staging, or future expansion, subject to applicable requirements. Its configuration supports automotive, service-related, industrial, and contractor operations.
The property occupies a visible corner position at 611 E Business Highway 83 in Alamo, Texas, just off Business 83. Traffic counts exceed 10,000 vehicles per day, placing the site within an active commercial corridor with direct relevance for businesses seeking access and exposure. The combination of an existing repair facility, secured grounds, and usable exterior area creates a practical base for an owner-user or service operation.
The property occupies a visible corner position at 611 E Business Highway 83 in Alamo, Texas, just off Business 83. Traffic counts exceed 10,000 vehicles per day, placing the site within an active commercial corridor with direct relevance for businesses seeking access and exposure. The combination of an existing repair facility, secured grounds, and usable exterior area creates a practical base for an owner-user or service operation.
Key Highlights
- Approximately 0.5783‑acre commercial parcel
- Existing garage repair shop on site
- Fully fenced property with outdoor area
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
$30,115
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
6.02%
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%
$602,300
$602.3K
Cap Rate 7%
$430,214
$430.2K
Cap Rate 9%
$334,611
$334.6K
Market Conditions
NOI Build-Up for 5,723 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
$46.0K $8.04/SF
− Vacancy
−$3.0K −$0.52/SF
EGI
$43.0K $7.52/SF
− OpEx
−$12.9K −$2.26/SF
NOI
$30.1K $5.26/SF
Area
Hidalgo County, TX
Vacancy
6.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
30.00%
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%
$602,300
Cap Rate 7%
$430,214
Cap Rate 9%
$334,611
Alternative Uses
Best Use
Retail
$1.10M
$965.9K – $1.29M
NOI $77,273 @ 7.0% cap · market cap 15.45%
Second Best
Industrial
$430.2K
$376.4K – $501.9K
NOI $30,115 @ 7.0% cap · market cap 6.02%
Theoretical Best
Hotel Hospitality
$4.31M
$3.77M – $5.03M
NOI $301,745 @ 7.0% cap · market cap 60.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
10,000 VPD
Traffic count
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
320
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Corner commercial property with an existing repair facility and secured outdoor area for vehicle-related operations.
Where is this flex space located?
The property is located at 611 E Business Highway 83 Alamo, TX.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Approximately 0.5783‑acre commercial parcel; Existing garage repair shop on site; Fully fenced property with outdoor area
