Fenced Auto Repair
For Sale
$500,000
611 E Us Highway 83, Alamo, TX 78516
Existing garage improvements support automotive service and outdoor vehicle storage.
Property Size5,723 SF
Lot Size0.58 Acres
Price / SF$87.37
Days on Market75
Property Features for 611 E Us Highway 83
General Information
Standard status
Active
Size
5,723 SF
Lot size
0.58 Acres
Site & Location
Traffic Count
10,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Land Use
commercial, industrial
Taxes and HOA fees
Annual Taxes
$6,858
Building Details
Buildings
1
Listing Agency:
Coldwell Banker La Mansion
(512) 998-0019
Listed By:
Omar Garza · License #824592
(512) 998-0019
Source:
Exprealty
Added: Jun 1
Changed: Aug 14
Last Checked: Aug 14 at 6:52AM
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 La Mansion
Investment Insights
Based on property information with market context.
This 0.5783-acre commercial property includes an existing garage repair shop, full perimeter fencing, and outdoor space for vehicle parking, equipment storage, fleet staging, or expansion. The layout provides an operating base for automotive service and related contractor or industrial activities.
Positioned on a visible corner just off Business 83, the site is part of a well-traveled commercial corridor with traffic counts exceeding 10, 000 vehicles per day. The property is located at 611 E Us Highway 83 in Alamo, Texas, with an established commercial setting that supports both continued shop use and future redevelopment consideration.
Positioned on a visible corner just off Business 83, the site is part of a well-traveled commercial corridor with traffic counts exceeding 10, 000 vehicles per day. The property is located at 611 E Us Highway 83 in Alamo, Texas, with an established commercial setting that supports both continued shop use and future redevelopment consideration.
Key Highlights
- 0.5783‑acre commercial site
- Existing garage repair shop improvements
- Fully fenced property with outdoor space
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
Property Profile
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
696
Businesses Nearby
3k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Watermill Express
Shops & Services
2,811 visits/mo
0.0 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.
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Frequently Asked Questions
What type of property is this?
Auto shop - Existing garage improvements support automotive service and outdoor vehicle storage.
Where is this auto shop located?
The property is located at 611 E Us 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: 0.5783‑acre commercial site; Existing garage repair shop improvements; Fully fenced property with outdoor space
