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

    611 Us Hwy 83 Alamo, TX 78516

    • Auto shops
    • 1,560 SF
    • 0.58 lot acres
    OFF-MARKET
    Last Sale
    Jul 29, 2020
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2310970
    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

    • Auto shops

    Property Details for 611 Us Hwy 83

    Year built
    1965
    Lot size
    0.58 lot acres
    Property size
    1,560 SF
    Property type
    Auto shops
    APN
    A2100-00-046-0004-00
    APU
    A210000046000400

    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
    Alamo
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.115
    Latitude
    26.1819
    CBSA code
    32580
    CBSA name
    MCALLEN-EDINBURG-MISSION, TX METROPOLITAN 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
    2022
    $7,020
    $163,748
    $99,279
    $263,027
    -
    $163,748
    $99,279
    $263,027

    Comparable in this City

    • Value Estimation by Request
      1,600 SF

      1321 Alamo Rd

      AUTO REPAIR, GARAGE • 1,600 SF
      1321 Alamo Rd, Alamo, TX 78516
      View Details
    • Value Estimation by Request
      4,000 SF

      122 9th St

      AUTO REPAIR, GARAGE • 4,000 SF
      122 9th St, Alamo, TX 78516
      View Details
    • Value Estimation by Request
      1,080 SF

      Alamo Rd

      AUTO REPAIR, GARAGE • 1,080 SF
      Alamo Rd, Alamo, TX 78516
      View Details
    • Value Estimation by Request
      3,820 SF

      736 Austin Ave

      AUTO REPAIR, GARAGE • 3,820 SF
      736 Austin Ave, Alamo, TX 78516
      View Details
    • Value Estimation by Request
      3,210 SF

      127 Business Hwy 83

      AUTO REPAIR, GARAGE • 3,210 SF
      127 Business Hwy 83, Alamo, TX 78516-9208
      View Details
    • Value Estimation by Request
      432 SF

      427 Sioux Rd

      AUTO REPAIR, GARAGE • 432 SF
      427 Sioux Rd, Alamo, TX 78516-9785
      View Details

    Similar Nearby for Sale

    • $7,681,000
      4,650 SF

      New 7-Eleven Travel Center

      New construction 7-Eleven with high-speed diesel lanes and Laredo Taco.
      447 E Frontage 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
    • $499,000

      Alamo Restaurant & Commercial Land

      Prime Alamo location, 39,204 sq ft, owner financing.
      1246 Cesar Chavez Rd, Alamo, TX 78516
      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
    • $1,699,000
      2,868 SF

      Income-Producing Commercial Property in Alamo

      Commercial property with residential homes, rentals, and commercial building.
      1428 N Cesar Chavez Rd, Alamo, TX 78516
      View Details
    • $379,000
      1.02 Acres

      Alamo, TX Commercial Land Investment

      1-Acre Commercial Property, Two Tenants, High ROI Potential
      1700 Amigo Ave, Alamo, TX 78516
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      1,822 SF

      1716 N Alamo Road # 6

      Restaurants
      1716 Alamo Rd, Alamo, TX 78516
      View Details
    • $15 SF/Yr
      911 SF

      Alamo Retail Space - 911 SF

      Prime Alamo retail space, ample parking.
      1716 Alamo Rd, Alamo, TX 78516
      View Details
    • $15 SF/Yr
      911 SF

      Alamo Road Commercial Space Available

      Texas Office/Retail Space - 911 sq ft
      1716 Alamo Rd, Alamo, TX 78516
      View Details
    • $1,300 /Mo
      920 SF

      New Commercial Space in Alamo

      New construction commercial space with easy access to Expressway 83.
      501 E Business 83, Alamo, TX 78516
      View Details
    • $18 SF/Yr
      1,920 SF

      Alamo Executive Office Suite 105

      Prime Alamo Office Space, 1920 sq ft
      427 Duranta Ave, Alamo, TX 78516
      View Details
    • $21 SF/Yr
      2,689 SF

      Alamo Commercial Land Opportunity

      High-Visibility Alamo Land, 8,999 sq ft
      122 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.
    611 Us Hwy 83
    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.