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    503 Bus Hwy Alamo, TX 78516

    For Lease
    $12 SF/Yr ($3,465 /Mo)

    Single-tenant office, 3,465 sq ft, great location

    Lot size:
    3,465 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This 3,465-square-foot single-tenant office building, located at 503 W Bus Highway 83 in Alamo, Texas (zip code 78516), presents a compelling investment opportunity. Built in 1980 and renovated in 2000, the property sits on a 0.415-acre lot and is classified as Class C. The building features a single story with 10-foot ceilings and comprises 3,465 square feet of vacant space. Amenities include 23 total parking spaces, a covered entry, and a fire suppression system. The property also boasts an outdoor recreation area with a fenced enclosure, one shower, and four restrooms. The building's large open area is adaptable to various uses. The property benefits from a new roof and air conditioning system. Its convenient location is less than one mile from Expressway 83, easily accessible from the Hutto Road exit. The Hidalgo County property is zoned commercial and has an APN of 538742. The property's location within the Rio Grande Valley submarket, specifically the Donna cluster, offers excellent potential for various businesses, including adult day care, physical therapy, or autism clinics. Annual property taxes are $2.55 per square foot. The building is served by single-phase power.

    Property Features for 503 Bus Hwy

    General Information

    Property type
    Rehabilitation centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,465 SF
    Class
    C
    Total Rate
    3465

    Building Details

    Year Built/Renovated
    1980/2000
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space 01
    Size
    3,465 SF
    Rate per SF
    $12

    HighLights

    • Freestanding building with ample parking.
    • Fully sprinklered throughout.
    • Securely fenced outdoor recreation area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rehabilitation centers

    Map

    City
    Alamo
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.06781408599
    Latitude
    26.17313742764

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    FAQs

    What type of property is this?
    Rehabilitation center - Single-tenant office, 3,465 sq ft, great location
    Where is this rehabilitation center located?
    The property is located at 503 Bus Hwy Alamo, TX.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Freestanding building with ample parking.; Fully sprinklered throughout.; Securely fenced outdoor recreation area.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    503 Bus Hwy Alamo, TX 78516
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