Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1116 Texas Blvd, Unit 1118 Alice, TX 78332-3866

    • Commercial real estate
    • 5,726 SF
    OFF-MARKET
    Last Sale
    Mar 11, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-8568791
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1116 Texas Blvd

    Property size
    5,726 SF
    Property type
    Commercial real estate
    APN
    1243503300000
    APU
    1243503300000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Alice
    County
    Jim Wells
    State
    Texas
    Longitude
    -98.0642
    Latitude
    27.7616
    CBSA code
    10860
    CBSA name
    ALICE, TX MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $29,400
    $200,430
    $229,830
    -
    $29,400
    $200,430
    $229,830

    Comparable in this City

    • Value Estimation by Request
      0.50 Acres

      1605 Us Highway 281

      Land • 0.50 Acres
      1605 Us Highway 281, Alice, TX 78332
      View Details
    • Value Estimation by Request

      Hwy 281

      COMMERCIAL (GENERAL)
      Hwy 281, Alice, TX 78332
      View Details
    • Value Estimation by Request
      3.53 Acres

      114 Cr

      COMMERCIAL (GENERAL) • 3.53 Acres
      114 Cr, Alice, TX 78332
      View Details
    • Value Estimation by Request
      9.00 Acres

      County Rd 152nd At County Road

      COMMERCIAL (GENERAL) • 9.00 Acres
      County Rd 152nd At County Road, Alice, TX 78332
      View Details
    • Value Estimation by Request
      1.20 Acres

      1225 Frnt St

      COMMERCIAL (GENERAL) • 1.20 Acres
      1225 Frnt St, Alice, TX 78332-5234
      View Details
    • Value Estimation by Request

      Aransas St

      COMMERCIAL (GENERAL)
      Aransas St, Alice, TX 78332
      View Details

    Similar Nearby for Sale

    • $399,000
      5.00 Acres

      Alice, TX Commercial Property

      5-Acre Industrial/Office Complex
      3360 State Highway 44, Alice, TX 78332
      View Details
    • $50,000
      0.50 Acres

      Alice, TX Commercial Land

      0.5-acre industrial lot, $50,000
      1605 Us Highway 281, Alice, TX 78332
      View Details
    • $420,000
      1,920 SF

      Alice, TX Retail Opportunity

      High-Visibility Retail Space, Prime Location
      901 Flournoy Rd, Alice, TX 78332
      View Details
    • Contact for pricing
      9,572 SF

      Alice, TX Warehouse Opportunity

      9,572 SF Warehouse on 3 Acres
      438 Flournoy Rd, Alice, TX 78332
      View Details
    • $649,999
      7,000 SF

      Alice Industrial Property: 7,000 SF

      Spacious industrial building, 8.64 acres, high ceilings.
      Flournoy Rd, Alice, TX 78332
      View Details
    • $265,000
      1,720 SF

      Alice, TX Industrial Property

      Prime Alice location, versatile industrial space.
      200 Cecilia St, Alice, TX 78332
      View Details

    Similar Nearby for Lease

    • $4,500 /Mo
      10,000 SF

      Commercial Building in Alice, TX

      10,000 sq ft commercial building for lease in Alice.
      1881 S Reynolds St, Alice, TX 78332
      View Details
    • $12 SF/Yr
      1,600 SF

      Retail Space in Sagewood Mall

      Multiple retail spaces available in high-traffic Alice, Texas mall.
      1409-1501 E Main St, Alice, TX 78332
      View Details
    • $4 SF/Yr
      14,000 SF

      14,000 SF Industrial Property

      Robstown, TX Industrial Facility - 12.5 Acres
      3677 Tx-359, Alice, TX 78332
      View Details
    • $550,000

      High-Visibility Commercial Land Opportunity

      Premium 1.18-acre commercial land in high-traffic Alice, TX.
      S Stadium Rd, Alice, TX 78332
      View Details
    • $7 SF/Yr
      10,125 SF

      Prime Alice, TX Office Building

      10,125 SF Single-Tenant Office Space
      951 Us Highway 281, Alice, TX 78332
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space Near Walmart

      Retail space available in Alice, Texas, near Walmart.
      2000 Dr N W Atkinson Blvd, Alice, TX 78332
      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.
    1116 Texas Blvd, Unit 1118
    Alice, TX 78332-3866
    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.