Fenced Flex Space with
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 Market51
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
Listed By:
Daniel Galvan · License #582851
(956) 631-1322
Source:
Commercialcafe
Added: Aug 25
Changed: Oct 13
Last Checked: Oct 12 at 4:57PM
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 / Yr
$30,115
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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
