Fenced Flex Space With
708 E Main Avenue, Alton, TX 78573
For Sale
$800,000
Commercial Sale, Alton, TX
Property Size1,500 SF
Lot Size1.96 Acres
Price / SF$533.33
Days on Market269
Property Features for 708 E Main Avenue
General Information
Property type
Property subtype
Zoning
Exterior features
Appliances
Subdivision
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Building materials
Roof type
Additional Structures
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Jorge David Garcia Garza
(956) 642-6103
Added: Feb 18
Changed: Oct 26
Last Checked: Nov 13 at 11:06AM
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.
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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 / Yr
$25,091
Cap Rate
3.14%
Suggested Prices Based on Cap Rates
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
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 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
Office A
$527.7K
$461.7K – $615.6K
NOI $36,936 @ 7.0% cap · market cap 4.62%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
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
$154,800
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Hidalgo County, TX
Properties on Market for Flex space in Hidalgo County
Vacancy Rate% for Office in South region
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
