Fenced Flex Space With
For Sale
$800,000
708 E Main Avenue, Alton, TX 78573
Commercial Sale, Alton, TX
Property Size1,500 SF
Lot Size1.96 Acres
Price / SF$533.33
Days on Market223
Property Features for 708 E Main Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2
Exterior features
Storage
Appliances
Water Heater (None)
Subdivision
West Addn To Sharyland
Directions
Coming from McAllen/La Joya on IH-2 take the Bryan Rd exit. Go North on Bryan Rd and drive about 6 miles until you get to Main Ave. Take a left onto Main Ave and pass Mayberry Blvd, the destination will on your left.
Standard status
Active
APN
W010000040000807
Size
1,500 SF
Lot size
1.96 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
5359
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Building Details
Year built
1994
Floors in Building
1
Building materials
Block
Roof type
Metal
Additional Structures
Storage
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Jorge David Garcia Garza
(956) 642-6103
Added: Feb 18
Changed: Sep 14
Last Checked: Sep 29 at 3:06AM
MLS# 495127
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.
Investment Insights
Based on property information with market context.
This 1,500-square-foot flex property, built in 1994, includes four divided office rooms, a warehouse, covered storage garage, open bay, and designated parking at the front and side of the building. The improvements feature block construction, a metal roof, central air, and electric heating and cooling.
The 1.96-acre property is located at 708 E Main Avenue in Alton, Texas, and is designated C2 General Commercial under the city zoning map. The site is enclosed with a cinder block perimeter and chain-link fencing at the entry, providing a defined boundary for the office, storage, and operational areas.
The 1.96-acre property is located at 708 E Main Avenue in Alton, Texas, and is designated C2 General Commercial under the city zoning map. The site is enclosed with a cinder block perimeter and chain-link fencing at the entry, providing a defined boundary for the office, storage, and operational areas.
Key Highlights
- 1.96‑acre C2 General Commercial property in Alton, TX
- 1,500‑square‑foot main building constructed in 1994
- Four divided office rooms plus warehouse 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
$25,091
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
3.14%
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%
$501,820
$501.8K
Cap Rate 7%
$358,443
$358.4K
Cap Rate 9%
$278,789
$278.8K
Market Conditions
NOI Build-Up for 1,500 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
$46.1K $30.72/SF
− Vacancy
−$12.6K −$8.42/SF
EGI
$33.5K $22.30/SF
− OpEx
−$8.4K −$5.58/SF
NOI
$25.1K $16.73/SF
Area
Hidalgo County, TX
Vacancy
27.40%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
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%
$501,820
Cap Rate 7%
$358,443
Cap Rate 9%
$278,789
Alternative Uses
Best Use
Office B
$358.4K
$313.6K – $418.2K
NOI $25,091 @ 7.0% cap · market cap 3.14%
Second Best
Warehouse
$136.9K
$119.8K – $159.8K
NOI $9,585 @ 7.0% cap · market cap 1.20%
Theoretical Best
Hotel Hospitality
$1.13M
$988.6K – $1.32M
NOI $79,088 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Office units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
298
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - C2-zoned property combines offices, storage, parking, and an open bay within a fully enclosed site.
Where is this flex space located?
The property is located at 708 E Main Avenue Alton, TX.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 1.96‑acre C2 General Commercial property in Alton, TX; 1,500‑square‑foot main building constructed in 1994; Four divided office rooms plus warehouse space
