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    622 Alton Blvd Alton, TX 78573
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    Property profile & analytics

    622 Alton Blvd, Alton, TX 78573

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    • Showrooms
    • 8,100 SF
    • 0.51 lot acres
    For Sale
    $972,000
    View Listing →
    8,000 SF Retail Building For Sale
    $972,000

    8,000 SF Retail Building

    Freestanding retail building in Alton, Texas, with high visibility.

    622 Alton Blvd, Alton, TX 78573
    View Listing
    Property ID
    US82-5894544
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Showrooms

    Property Details for 622 Alton Blvd

    Year built
    2001
    Lot size
    0.51 lot acres
    Property type
    Showrooms
    APN
    N8600-00-005-0003-00
    APU
    N860000005000300

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 29, 2019 — Alton Dg LLC Rcs Land Co LLC Grant Deed $510k · Chambers Bk
    Jan 3, 2018 — Rcs Land Co LLC — Deed · related $7.6M · Chambers Bk
    Jul 22, 2014 — Rcs Land Co LLC — Trustees Deed · related $3.5M · Avb Bk
    Nov 27, 2012 — Rcs Land Co LLC — Grant Deed · related $3.3M · Chambers Bk
    Aug 17, 2010 — Rcs Land Co LLC — Trustees Deed · related $200k · First National Bank Fort Smith
    Jan 27, 2010 — Rcs Land Co LLC — Trustees Deed · related $200k · First National Bank Fort Smith
    Jan 21, 2009 — Rcs Land Co LLC — Trustees Deed · related $200k · First National Bank Fort Smith
    Jul 2, 2008 — Rcs Land Co LLC — Trustees Deed · related $200k · First National Bank Fort Smith
    — — Rcs Land Co LLC — Deed Of Trust · related —
    — — Rcs Land Co LLC — Deed Of Trust · related $3.3M · Chambers Bank
    — — Rcs Land Co LLC — Deed Of Trust · related $7.6M · Chambers Bk
    — — R C S Land Co LLC — Deed Of Trust · related $187k · First National Bank Fort Smith
    — — Rcs Land Co LLC — Loan Modification · related $7.6M · Chambers Bk
    — — R C S Land Co LLC — Deed Of Trust · related $200k · First National Bank Fort Smith
    — — Rcs Land Co LLC — Deed Of Trust · related —
    — — Rcs Land Co LLC — Deed Of Trust · related $1.7M · Bancorp South Bank
    — — Rcs Land Co LLC — Deed Of Trust · related $1.7M · Bancorp South Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $768,000
      Market price range: $418k - $1.78M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,070,000
      Current use
      RETAIL STORES
      $1,205,000
      Change: +13% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,145,000
      Change: +7% Conversion: Difficult
      RESTAURANT
      $1,135,000
      Change: +6% Conversion: Difficult
      WAREHOUSE, STORAGE
      $885,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Mission
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.3123
    Latitude
    26.2919
    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
    $12,477
    $178,200
    $330,399
    $508,599
    -
    $178,200
    $330,399
    $508,599

    Comparable in this City

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      700 Jackson Ave

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      9,360 SF

      3405 Main Ave

      SHOW ROOM, WAREHOUSE
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    • Value Estimation by Request
      2,520 SF

      1326 Alton Blvd

      SHOW ROOM, WAREHOUSE
      1326 Alton Blvd, Alton, TX 78573-1005
      View Details

    Similar Nearby for Sale

    • $972,000

      8,000 SF Retail Building

      Freestanding retail building in Alton, Texas, with high visibility.
      622 Alton Blvd, Alton, TX 78573
      View Details
    • $230,000
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      Mission TX Commercial Building

      Versatile commercial building with income potential in Mission, TX.
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    • $1,980,000
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      Commercial Land in Mission, TX

      Commercial and residential land suitable for retail and residential development.
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      6,783 SF

      Alton Plaza Retail Property

      Retail property in Alton, TX with strong growth potential.
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    • $475,000
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      Versatile Commercial Property in Alton

      Retail, office, and warehouse space in a growing corridor.
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    • $800,000
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      Alton Commercial Property - Huge Potential

      Prime Alton location, 1.96 acres, owner financing.
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    Similar Nearby for Lease

    • $20 SF/Yr
      9,998 SF

      Mission Retail Space For Lease

      Retail space available in high-traffic Mission location.
      10211 Mile 7 Rd, Mission, TX 78573
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    • Contact for pricing
      7,608 SF

      Alton Retail/Office Building For Rent

      Freestanding building at a high-traffic intersection, upgraded in 2024.
      4210 E Main Ave, Alton, TX 78573
      View Details
    • $20 SF/Yr
      9,998 SF

      Retail Space in Plaza Emmanuel

      Retail suites available for lease in high-traffic Mission location.
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    • Contact for pricing
      1,789 SF

      9,998 SF Plaza Space Available

      Office and retail spaces available in high-traffic Mission plaza.
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    • $3,369 /Mo
      2,450 SF

      High-Visibility Retail Space Available

      Retail space with high traffic and expansion options.
      4322 N Conway Ave, Mission, TX 78573
      View Details
    • Contact for pricing
      1,400 SF

      Finished Office Space Available

      1,400 SF finished office space suitable for various uses.
      123 W Mile 3 Rd, Palmhurst, TX 78573
      View Details
    View Listing
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    Alton, TX 78573
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    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
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