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    239 Business 83 Hwy Alamo, TX 78516

    For Sale
    $875,000

    3-Acre Industrial Property, Income Producing

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 3-acre commercial property in Alamo, Texas, presents a compelling investment opportunity. Located on Business 83 Highway near Tower Road, this mixed-use site boasts two income-producing warehouses currently leased on a month-to-month basis. The larger warehouse, approximately 3,000 square feet, is currently operating as an auto shop, featuring three garage doors. The smaller warehouse, around 2,000 square feet, serves as a storage facility. Both warehouses include individual small office spaces and restrooms. Adding to the property's versatility, nearly 2 acres of vacant land are also available, ideal for additional development, large machinery parking, or expansion. The property's strategic location offers easy access to major highways within a 2-5 minute drive, and its proximity to the Alamo Fire Department, Alamo Police Department, and local schools enhances its appeal. Built in 2018, this property is priced at $875,000 and offers significant potential for various business ventures. The existing lease income provides immediate return on investment, while the ample vacant land allows for future growth and expansion. This property is a rare find in the Mid-Valley area, combining existing income with significant development potential.

    Property Features for 239 Business 83 Hwy

    General Information

    Property type
    Distribution properties
    Lot Size
    130,680 SF

    Building Details

    Year Built
    2018

    HighLights

    • 3‑acre commercial property in Alamo, TX, on Business 83 Hwy near Tower Rd.
    • Two income‑producing warehouses (3,000 SF & 2,000 SF) currently leased month‑to‑month; one is an auto shop with three garage doors.
    • Nearly 2 acres of vacant land available for expansion or development.
    • Built in 2018, priced at $875,000.
    • Excellent location with easy highway access and proximity to city services.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Alamo
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1023167
    Latitude
    26.1793855

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    FAQs

    What type of property is this?
    Distribution property - 3-Acre Industrial Property, Income Producing
    Where is this distribution property located?
    The property is located at 239 Business 83 Hwy Alamo, TX.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: 3-acre commercial property in Alamo, TX, on Business 83 Hwy near Tower Rd.; Two income-producing warehouses (3,000 SF & 2,000 SF) currently leased month-to-month; one is an auto shop with three garage doors.; Nearly 2 acres of vacant land available for expansion or development.
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    239 Business 83 Hwy Alamo, TX 78516
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    Alamo, TX 78516
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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
    239 Business 83 Hwy Alamo, TX 78516
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