Flex Space with On-Site
New
For Sale
Contact for pricing
943 S Alamo Road Unit 104, Alamo, TX 78516
The corner location includes parking and sits near PSJA Memorial High School and established neighborhoods.
Property Size1,000 SF
Price / SF$1.23
Days on Market2
Property Features for 943 S Alamo Road Unit 104
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Commercial
Additional Details
Corner Location
Yes
Property Use
Retail/Flex
Building Details
Year Built
2003
Listing Agency:
Texus Realty
Listed By:
Israel Gutierrez · License #0558344
(512) 846-9332
Source:
Texusrealty
Added: Nov 1
Changed: Nov 2
Last Checked: Nov 1 at 11:37AM
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 1,000-square-foot flex space was built in 2003 and is ready for occupancy. 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.
The property is at the corner of Ridge Road and South Alamo Road in Alamo, near PSJA Memorial High School and established neighborhoods.
Key Highlights
- 1,000 SF flex space
- Built in 2003
- Corner of Ridge Road and South Alamo Road in Alamo
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,886
Suggested Prices Based on Cap Rates
Cap Rate 5%
$97,720
$97.7K
Cap Rate 7%
$69,800
$69.8K
Cap Rate 9%
$54,289
$54.3K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$8.0K $8.04/SF
− Vacancy
−$523 −$0.52/SF
EGI
$7.5K $7.52/SF
− OpEx
−$2.6K −$2.63/SF
NOI
$4.9K $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%
$97,720
Cap Rate 7%
$69,800
Cap Rate 9%
$54,289
Alternative Uses
Best Use
Retail
$192.9K
$168.8K – $225.0K
NOI $13,502 @ 7.0% cap · market cap 1,097.72%
Second Best
Industrial
$75.2K
$65.8K – $87.7K
NOI $5,262 @ 7.0% cap · market cap 427.80%
Theoretical Best
Hotel Hospitality
$753.2K
$659.1K – $878.8K
NOI $52,725 @ 7.0% cap · market cap 4,286.59%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
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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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - The corner location includes parking and sits near PSJA Memorial High School and established neighborhoods.
Where is this flex space located?
The property is located at 943 S Alamo Road Unit 104 Alamo, TX.
What are key features of this property?
This property features: 1,000 SF flex space; Built in 2003; Corner of Ridge Road and South Alamo Road in Alamo
