Flex Space with Office
New
For Sale
Contact for pricing
943 S Alamo Road Unit 101, Alamo, TX 78516
Private offices and a broad open area support a range of service-oriented business layouts.
Property Size2,948 SF
Price / SF$1.07
Days on Market2
Property Features for 943 S Alamo Road Unit 101
General Information
Standard status
Active
Size
2,948 SF
Property subtype
Commercial
Additional Details
Road Access
Yes
Property Use
Flex
Building Details
Year Built
2003
Listing Agency:
Texus Realty
Listed By:
Israel Gutierrez · License #0558344
(512) 846-9332
Source:
Texusrealty
Added: Nov 1
Last Checked: Nov 1 at 11:55AM
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 Texus Realty
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Investment Insights
Based on property information with market context.
This 2,948-square-foot flex suite combines private offices with a large open area. The layout can accommodate uses such as a gym, auto shop, or tire center. The building was constructed in 2003, and the suite is ready for occupancy.
The property is at the corner of Ridge Road and South Alamo Road in Alamo, near PSJA Memorial High School and established neighborhoods. On-site parking is available.
The property is at the corner of Ridge Road and South Alamo Road in Alamo, near PSJA Memorial High School and established neighborhoods. On-site parking is available.
Key Highlights
- 2,948‑square‑foot flex suite
- Private offices paired with a large open area
- Corner location at Ridge Road and South Alamo Road in Alamo
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,405
Suggested Prices Based on Cap Rates
Cap Rate 5%
$288,100
$288.1K
Cap Rate 7%
$205,786
$205.8K
Cap Rate 9%
$160,056
$160.1K
Market Conditions
NOI Build-Up for 2,948 SF
Gross rent
$23.7K $8.04/SF
− Vacancy
−$1.5K −$0.52/SF
EGI
$22.2K $7.52/SF
− OpEx
−$7.8K −$2.63/SF
NOI
$14.4K $4.89/SF
Area
Hidalgo County, TX
Vacancy
6.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$288,100
Cap Rate 7%
$205,786
Cap Rate 9%
$160,056
Alternative Uses
Best Use
Retail
$568.6K
$497.6K – $663.4K
NOI $39,804 @ 7.0% cap · market cap 1,263.62%
Second Best
Industrial
$221.6K
$193.9K – $258.6K
NOI $15,513 @ 7.0% cap · market cap 492.48%
Theoretical Best
Hotel Hospitality
$2.22M
$1.94M – $2.59M
NOI $155,433 @ 7.0% cap · market cap 4,934.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
100
Businesses Nearby
Balanced
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Private offices and a broad open area support a range of service-oriented business layouts.
Where is this flex space located?
The property is located at 943 S Alamo Road Unit 101 Alamo, TX.
What are key features of this property?
This property features: 2,948‑square‑foot flex suite; Private offices paired with a large open area; Corner location at Ridge Road and South Alamo Road in Alamo
