Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Nebraska Rd Alamo, TX 78516

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Nebraska Rd Alamo, TX 78516

    View on Map
    • Land
    • 8.22 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Nebraska Rd

    Lot size
    8.22 lot acres
    Property type
    Land
    Property subtype
    Apartment buildings

    Description

    This exceptional 8.22-acre development opportunity in Alamo, Texas, presents a unique chance to capitalize on a prime location. Situated on Nebraska Road, this property boasts convenient access to major roadways and is ideally positioned near Robert Balli Public Park and Gus Guerra Elementary School. The land is already entitled for multifamily development, with approved site plans readily available. A Notice to Proceed has been granted, eliminating delays and allowing for immediate commencement of construction. This translates to significant time and cost savings for the buyer. The property's zoning and entitlements are in place, minimizing potential hurdles in the development process. The 8.22-acre lot offers ample space for a substantial residential project, catering to the growing demand for housing in the area. This turnkey opportunity combines a strategic location with streamlined approvals, making it an attractive investment for developers seeking a fast-track project with minimal pre-development hurdles. The asking price is $640,000. This property is zoned for residential use and is classified as land and multifamily, specifically a duplex/triplex/quadruplex. The property's address is 0 Nebraska Road, Alamo, TX 78516, within Hidalgo County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Alamo
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1011
    Latitude
    26.1933

    Comparable in this City

    • Value Estimation by Request
      4.04 Acres

      502 Fannin St

      Multifamily properties • 4.04 Acres
      502 Fannin St, Alamo, TX 78516
      View Details
    • Value Estimation by Request
      10.00 Acres

      Earling Rd

      Multifamily properties • 10.00 Acres
      0 Earling Rd, South Alamo, TX 78516
      View Details
    • Value Estimation by Request
      19.40 Acres

      000 Nebraska Rd

      Multifamily properties • 19.40 Acres
      000 Nebraska Rd, Alamo, TX 78516
      View Details
    • Value Estimation by Request
      10.00 Acres

      Moore Rd

      Multifamily properties • 10.00 Acres
      0 Moore Rd, Donna, TX 78516
      View Details
    • Value Estimation by Request

      530 Jaguar Dr

      Multifamily properties
      530 Jaguar Dr, Alamo, TX 78516
      View Details
    • Value Estimation by Request

      421 Acacia St

      Multifamily properties
      421 Acacia St, Alamo, TX 78516
      View Details

    Similar Nearby for Sale

    • $1,199,950
      16,016 SF

      Alamo, TX Apartment Complex

      12-Unit Multifamily Investment Opportunity
      731 Tower Rd, Alamo, TX 78516
      View Details
    • Contact for pricing
      8,463 SF

      Multifamily Property with Ten Units

      Multifamily property featuring ten units with convenient parking.
      1410 S Alamo Rd, Alamo, TX 78516
      View Details
    • $640,105
      0.82 Acres

      Commercial Land in Alamo, TX

      48.202-acre mixed-use development with high visibility and traffic.
      91 Alamo Rd, Alamo, TX 78516
      View Details
    • $950,912
      1.28 Acres

      Alamo, TX Commercial Land

      48.202-acre mixed-use development with commercial pad sites.
      90-B Alamo Rd, Alamo, TX 78516
      View Details
    • $686,500
      0.79 Acres

      Commercial Land in Alamo, TX

      48.202-acre mixed-use development with commercial pad sites and fourplex subdivision.
      89-B Alamo Rd, Alamo, TX 78516
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      1,822 SF

      1716 N Alamo Road # 6

      Retail properties & Spaces
      1716 Alamo Rd, Alamo, TX 78516
      View Details
    • $7 SF/Yr
      30,617 SF

      Alamo, TX Warehouse For Sale

      Prime Cold Storage Facility, 30,617 SF
      1300 Us Hwy, Alamo, TX 78516
      View Details
    • $22 SF/Yr
      4,814 SF

      Prime Duranta Ave Office Space

      Executive Office Suite - 4,814 sq ft
      427 Duranta Ave, Alamo, TX 78516
      View Details
    • Contact for pricing

      Prime Alamo Commercial Pad Site

      Exceptional 0.63-acre commercial land for ground lease in Alamo, TX.
      909 West Frontage Rd, Alamo, TX 78516
      View Details
    • Contact for pricing

      Former Adult Day Center Available

      3,465 SF space ideal for adult day care/clinic.
      503 W Bus Hwy 83, Donna, TX 78516
      View Details
    • Contact for pricing

      Neighborhood Strip Center Retail Space

      Neighborhood strip center with vanilla-boxed suites available for lease.
      1716 N Alamo Rd, Alamo, TX 78516
      View Details
    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.
    Nebraska Rd
    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
    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!