Corner Lot Industrial Flex
For Sale
$1,200,000
705 E Us Highway 83, Alamo, TX 78516
Fully fenced corner site with multiple warehouse buildings and a retail structure suited to diversified industrial or service uses.
Property Size13,162 SF
Lot Size1.10 Acres
Price / SF$91.17
Days on Market130
Property Features for 705 E Us Highway 83
General Information
Standard status
Active
Size
13,162 SF
Lot size
1.10 Acres
Site & Location
Traffic Count
10,000 vehicles/day
Fenced Yard
Yes
Taxes and HOA fees
Annual Taxes
$12,950
Listing Agency:
Coldwell Banker La Mansion
(956) 631-1322
Listed By:
Omar Garza · License #824592
(512) 998-0019
Source:
Exprealty
Added: Jun 1
Changed: Sep 9
Last Checked: Oct 7 at 3:14PM
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 versatile industrial flex property is set on a highly visible corner lot and built for flexible operations. The fully fenced site includes six warehouse buildings, one retail building, and three covered outdoor areas, creating multiple ways to organize storage, operations, and day-to-day business needs. The overall configuration supports a range of tenant types and business models, whether used as a single owner-user facility or adapted for a multi-space setup.
Located at 705 E U.S. Highway 83 in Alamo, Texas, the property benefits from strong exposure along Business 83, with public remarks citing traffic counts exceeding 10,000 vehicles per day. The corner positioning is intended to improve accessibility and visibility for customers, drivers, and delivery traffic.
The property’s mix of warehouse space, retail space, and covered outdoor areas makes it practical for warehousing, contractor or service operations, distribution, storage, and other light industrial and commercial uses. Its diversified improvements can also be attractive for owner-users who want on-site operational flexibility while retaining the option to configure space for additional business activity over time.
Located at 705 E U.S. Highway 83 in Alamo, Texas, the property benefits from strong exposure along Business 83, with public remarks citing traffic counts exceeding 10,000 vehicles per day. The corner positioning is intended to improve accessibility and visibility for customers, drivers, and delivery traffic.
The property’s mix of warehouse space, retail space, and covered outdoor areas makes it practical for warehousing, contractor or service operations, distribution, storage, and other light industrial and commercial uses. Its diversified improvements can also be attractive for owner-users who want on-site operational flexibility while retaining the option to configure space for additional business activity over time.
Key Highlights
- Fully fenced corner commercial site off Business 83, spanning approximately 1.0979 acres
- Highly visible location with traffic counts exceeding 10,000 vehicles per day
- Improved property includes six warehouse buildings for flexible industrial/warehouse use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,102
Cap Rate
7.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,682,040
$1.7M
Cap Rate 7%
$1,201,457
$1.2M
Cap Rate 9%
$934,467
$934.5K
Market Conditions
NOI Build-Up for 13,162 SF
Gross rent
$105.8K $8.04/SF
− Vacancy
−$6.9K −$0.52/SF
EGI
$98.9K $7.52/SF
− OpEx
−$14.8K −$1.13/SF
NOI
$84.1K $6.39/SF
Area
Hidalgo County, TX
Vacancy
6.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,682,040
Cap Rate 7%
$1,201,457
Cap Rate 9%
$934,467
Alternative Uses
Best Use
Warehouse
$1.20M
$1.05M – $1.40M
NOI $84,102 @ 7.0% cap · market cap 7.01%
Second Best
Industrial
$989.4K
$865.8K – $1.15M
NOI $69,261 @ 7.0% cap · market cap 5.77%
Theoretical Best
Hotel Hospitality
$9.91M
$8.67M – $11.57M
NOI $693,966 @ 7.0% cap · market cap 57.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
10,000 VPD
Traffic count
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
696
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Fully fenced corner site with multiple warehouse buildings and a retail structure suited to diversified industrial or service uses.
Where is this flex space located?
The property is located at 705 E Us Highway 83 Alamo, 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: Fully fenced corner commercial site off Business 83, spanning approximately 1.0979 acres; Highly visible location with traffic counts exceeding 10,000 vehicles per day; Improved property includes six warehouse buildings for flexible industrial/warehouse use
