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

    1700 Amigo Ave Alamo, TX 78516

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    1-Acre Commercial Property, Two Tenants, High ROI Potential

    Property Features for 1700 Amigo Ave

    General Information

    Property type
    Retail properties & Spaces
    Lot Size
    44,518 SF

    Building Details

    Year Built
    2005

    We can help!

    Listing Contact
    Ernesto Orta Rodriguez
    Ernesto Orta Rodriguez

    Listing Agency: RGV Venture Capital, LP d/b/a Keller Williams Realty - RGV Listing Agent: Ernesto Orta Rodriguez

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 1.022-acre commercial property in Alamo, Texas, presents a lucrative investment opportunity. Located at 1700 Amigo Avenue, 78516, this property boasts dual road access via Amigo Drive and Tower Road, maximizing its versatility and potential. The land is currently improved with two separate income-producing tenants. A 2404 square foot, four-bedroom, three-bathroom home occupies half an acre, featuring an in-unit washer and dryer. The remaining half-acre is leased to a used vehicle dealership. Detailed rent rolls are available upon request, demonstrating a consistent rental history with no periods of vacancy. Rents are poised for updates to reflect current market standards, promising increased future income. The property's two separate electric meters provide efficient utility management for each tenant. This property offers a unique blend of residential and commercial income streams, making it an ideal addition to any investment portfolio. The Hidalgo County location provides easy access to major transportation routes and a growing local economy. Don't miss this chance to acquire a well-established, income-generating property with significant upside potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alamo
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.104354
    Latitude
    26.226961

    Nearby Similar for Sale

    • $1,100,000
      4,622 SF

      Income-Producing Alamo Commercial Property

      Fully leased restaurant, retail store, and food trucks included.
      1037 W Duranta Ave, Alamo, TX 78516
      View Details
    • $475,000
      4,380 SF

      New Alamo Fourplex Investment Opportunity

      New construction fourplex in Alamo, TX, great investment opportunity.
      909 13Th St, Alamo, TX 78589
      View Details
    • $475,000
      4,380 SF

      New Alamo Fourplex Investment Opportunity

      New construction fourplex in Alamo, TX, great investment opportunity.
      913 13Th St, Alamo, TX 78589
      View Details
    • $595,000
      3,000 SF

      Prime Commercial Corner Location

      Highly visible commercial property with drive-thru in Alamo, Texas.
      1348 N Tower Rd, Alamo, TX 78516
      View Details
    • $2,199,000
      372 SF

      Gas Station Investment Opportunity

      Gas station on frontage road in Alamo, Texas.
      1100 W Frontage Rd, Alamo, TX 78516
      View Details
    • $209,000
      4,256 SF

      Alamo Church and Building

      Two buildings in Alamo, Texas, suitable for church or daycare.
      1109 Lopez Dr, Alamo, TX 78516
      View Details
    • $525,000
      1,099 SF

      Alamo Fourplex Investment Opportunity

      Tenant-occupied fourplex near expressway, schools, shopping, and dining.
      1233 Country Club Dr, Alamo, TX 78589
      View Details
    • $102,500
      0.22 Acres

      Land in Alamo, Texas

      Investment opportunity in Alamo, TX near IH-2 and FM 495.
      1226 Valle Vista St, Alamo, TX 78516
      View Details
    • $102,500
      0.22 Acres

      New Alamo Four-Plex Development

      New four-plex development in a fast-growing Alamo location.
      1220 Valle Vista St, Alamo, TX 78516
      View Details
    • $102,500
      0.22 Acres

      Land in Alamo, Texas

      Investment opportunity in a fast-growing area of Alamo, TX.
      1312 Valle Vista St, Alamo, TX 78516
      View Details
    • $102,500
      0.23 Acres

      Land in Alamo, Texas

      Investment opportunity in a fast-growing area of Alamo, TX.
      913 12Th St, Alamo, TX 78516
      View Details
    • $102,500
      0.22 Acres

      Land in Alamo, Texas

      Investment opportunity in Alamo, TX near IH-2 and FM 495.
      1300 Valle Vista St, Alamo, TX 78516
      View Details

    FAQs

    What type of property is this?
    Retail property - 1-Acre Commercial Property, Two Tenants, High ROI Potential
    Where is this retail property located?
    The property is located at 1700 Amigo Ave Alamo, TX.
    What is the asking price?
    The asking price for this property is $379,000.
    (956) 566-8377 Call to check price and availability
    Request Owner's contact information
    1700 Amigo Ave Alamo, TX 78516
    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.
    1700 Amigo Ave
    Alamo, TX 78516
    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
    1700 Amigo Ave Alamo, TX 78516
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ernesto Orta Rodriguez
    Ernesto Orta Rodriguez
    Real Estate License ID: 799343
    (956) 566-8377 (956) 928-1155 (956) 739-0225
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!