Alamo Commercial Property with
For Sale
Contact for pricing
239 E Business 83 Highway, Alamo, TX 78516
Income-producing property with warehouses and vacant land in Alamo, TX.
Property Size3,000 SF
Lot Size2.00 Acres
Price / SF$271.67
Days on Market671
Property Features for 239 E Business 83 Highway
General Information
Standard status
Active
Size
3,000 SF
Lot size
2.00 Acres
Property subtype
Industrial
Zoning
C
Building Details
Year Built
2018
Listing Agency:
Keller Williams Realty RGV
(956) 648-5700
Listed By:
Brenda Ochoa · License #744216
Source:
Crexi
Added: Oct 8, 2024
Changed: Aug 8
Last Checked: May 12 at 10:54PM
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 RGV
Investment Insights
Based on property information with market context.
This commercial property is located in Alamo, Texas, off Business 83 and Tower Road. It is a mixed-use property that is currently income-producing, featuring two separate warehouses being leased on a month-to-month basis. The larger warehouse has approximately 3000 square feet and includes 3 garage doors, currently operating as an auto shop. The smaller warehouse is approximately 2000 square feet and is being utilized as a storage facility. Both warehouses contain individual small office areas and restroom facilities. The property features just under 2 acres of vacant land, which can also be leased. This vacant land would be suitable for large machinery or auto parking, or new building plans. The property is conveniently located near the Alamo Fire Department, the Alamo Police Department, and schools. Its centralized location in Mid-Valley provides convenient access to major highways within a 2-5 minute drive, offering possibilities for various business uses.
Key Highlights
- Income‑producing commercial property with two leased warehouses
- Large vacant land (approx. 2 acres) suitable for various uses
- Prime location off Business 83 and Tower Road in Alamo, TX
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,181
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,003,620
$1.0M
Cap Rate 7%
$716,871
$716.9K
Cap Rate 9%
$557,567
$557.6K
Market Conditions
NOI Build-Up for 3,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$92.2K $30.72/SF
− Vacancy
−$25.3K −$8.42/SF
EGI
$66.9K $22.30/SF
− OpEx
−$16.7K −$5.58/SF
NOI
$50.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,003,620
Cap Rate 7%
$716,871
Cap Rate 9%
$557,567
Alternative Uses
Best Use
Office B
$716.9K
$627.3K – $836.4K
NOI $50,181 @ 7.0% cap · market cap 6.16%
Second Best
Retail
$578.7K
$506.3K – $675.1K
NOI $40,506 @ 7.0% cap · market cap 4.97%
Theoretical Best
Hotel Hospitality
$2.26M
$1.98M – $2.64M
NOI $158,175 @ 7.0% cap · market cap 19.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
182
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Safe Box Self-Storage — 1250 State Hwy 495, Alamo, TX 78516
- Exp 83 Biz Park Office/Warehouse — 150 W Expy 83, Alamo, TX 78516
- El Descuento Warehouse — Alamo, TX 78516
Frequently Asked Questions
What type of property is this?
Warehouse - Income-producing property with warehouses and vacant land in Alamo, TX.
Where is this warehouse located?
The property is located at 239 E Business 83 Highway Alamo, TX.
What is the asking price?
The asking price for this property is $815,000.
What are key features of this property?
This property features: Income‑producing commercial property with two leased warehouses; Large vacant land (approx. 2 acres) suitable for various uses; Prime location off Business 83 and Tower Road in Alamo, TX
