Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1004 W Mahala Avenue Alton, TX 78573

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Four-unit property with tile flooring and quartz countertops.

    Type:Multifamily
    Property size:
    1,708 SF
    Price / SF:
    $278/SF
    Added:
    Mar 30, 2024
    Days on Market:
    758
    Last Refresh:
    Mar 17 at 1:25 pm

    Property Features for 1004 W Mahala Avenue

    General Information

    Standard status
    Active
    Size
    1,708 SF
    Property subtype
    Multifamily

    Building Details

    Year Built
    2022

    We can help!

    Listing Contact
    Maggie Harris

    Listing agent Maggie Harris License #TREC # 0530155

    Listing office KELLER WILLIAMS REALTY RIO GRANDE VALLEY

    Listing date Mar 30, 2024

    Source Crexi

    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 KELLER WILLIAMS REALTY RIO GRANDE VALLEY

    Overview

    Alton Quadplex in Gated Community

    This multifamily property is a four-unit building located within a gated community in Alton, Texas. The property features tile flooring throughout each unit and quartz countertops. All appliances are included. The property is currently fully leased, presenting an investment opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Map

    City
    Alton
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.325
    Latitude
    26.2156

    Nearby Similar for Sale

    • $895,000
      6,233 SF

      Fully Leased Commercial Plaza

      Fully leased commercial plaza in high-traffic area near major retailers.
      220 Alton Boulevard, Alton, TX 78573
      View Details
    • $990,000
      8,827 SF

      Alton Commercial Plaza For Sale

      Fully leased commercial plaza in high-traffic Alton location.
      2115 E Main Avenue, Alton, TX 78573
      View Details
    • $450,000
      4,032 SF

      Alton Multifamily Property For Sale

      New apartments with monthly income potential in Alton, Texas.
      1012 W LA POINTE AVE unit: #35, ALTON, TX 78573
      View Details
    • $450,000
      4,032 SF

      New Apartments in Alton, TX

      New apartments with modern design and stainless steel appliances.
      1008 W LA POINTE AVE unit: #34, ALTON, TX 78573
      View Details
    • $389,000
      3,868 SF

      Income-Producing Fourplex in Alton, TX

      Fully leased fourplex, excellent investment opportunity near shopping and dining.
      112 N Linares Street, Alton, TX 78573
      View Details
    • $475,000
      4,032 SF

      Alton, Texas Fourplex Investment

      Fourplex in gated community, fully leased, great investment opportunity.
      912 Kentucky Street, Alton, TX 78573
      View Details
    • $429,000

      Turnkey Multifamily Property in Alton

      Six-unit multifamily property built in 2015, ideal for investment.
      108 N Linares Street, Alton, TX 78573
      View Details
    • $320,000
      2,088 SF

      Commercial and Residential Alton Property

      Commercial space with residential home on 0.44 acres.
      1106 N Alton Boulevard, Alton, TX 78573
      View Details
    • $419,000
      3,818 SF

      PalmaSola Fourplex Investment Opportunity

      Fully occupied fourplex in PalmaSola near McAllen, Mission, Palmhurst, Edinburg.
      114 Montemorelos Street, Alton, TX 78573
      View Details
    • $1,325,000
      12,896 SF

      Alton Multifamily Investment Opportunity

      14-unit apartment complex on 0.83 acres in Alton, TX.
      1503 W St Francis Avenue, Alton, TX 78573
      View Details
    • $520,000
      4,032 SF

      Alton, Texas Fourplex For Sale

      Four-unit multifamily property in gated community, Alton, Texas.
      1009 Sunset Valley Street, Alton, TX 78573
      View Details
    • $972,000
      8 SF

      8,000 SF Retail Building

      Freestanding retail building in Alton, Texas, with high visibility.
      622 Alton Blvd Alton, TX 78573, TX 78573
      View Details

    FAQs

    What type of property is this?
    Quadplex - Four-unit property with tile flooring and quartz countertops.
    Where is this quadplex located?
    The property is located at 1004 W Mahala Avenue Alton, TX.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: All units are currently leased, providing immediate rental income; Located in a gated community, offering enhanced security and privacy; Built in 2022, indicating modern construction
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Maggie Harris
    Real Estate License ID: TREC # 0530155
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!