Add Listing
    For Lease
    • 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

    108 E 3rd Street unit 10 Weslaco, TX 78596

    View on Map
    For Lease
    $500 /Mo

    COMMERCIAL - Weslaco, TX

    Property size:
    6,424 SF
    Lot size:
    0.16 Acres
    Added:
    Oct 16, 2025
    Days on Market:
    168
    Last Refresh:
    Apr 1 at 9:06 am

    Property Features for 108 E 3rd Street unit 10

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking
    10
    Parking features
    On Street, Off Street
    Standard status
    Active
    APN
    W230000017000001
    Size
    6,424 SF
    Lot size
    0.16 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxAnnualAmount
    12352

    Building Details

    Year built
    1983
    Floors in Building
    2

    We can help!

    Listing Contact
    Melissa Velazquez
    Melissa Velazquez

    Listing agent Melissa Velazquez

    Listing office Realty One Group Right Choice 2508 Buddy Owens Blvd, McAllen, TX

    Listing date Oct 16, 2025

    MLS# 483513 Listing URL

    Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Weslaco Office Space For Lease

    This 5,778 square foot office building is situated in a prime, high-visibility location. The second floor overlooks Texas Blvd and Business 83. The layout includes a reception/waiting area, a large conference room, and a fully equipped kitchen/breakroom. Multiple private offices are available for lease, providing flexibility to suit a variety of business needs. The property includes water, electricity, and parking. The lot size is 0.1632 acres. The property size is 6,424 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    American Plumber Plumbing Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Weslaco
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.990394
    Latitude
    26.159231

    Nearby Similar for Lease

    • Contact for pricing

      Versatile Commercial Space in Weslaco

      Commercial space for lease suitable for office, retail, or medical.
      3002 E Mile 11 N, Weslaco, TX 78599
      View Details
    • Contact for pricing

      Versatile Commercial Space on 18th

      Conveniently located commercial space suitable for various business types.
      412 E 18th Street unit: H, Weslaco, TX 78596
      View Details
    • $1.40/mo

      Prime Endcap Space Available

      Endcap space suitable for office, retail, or professional use.
      1102 S Airport Dr, Weslaco, TX 78596
      View Details
    • Contact for pricing

      Weslaco Warehouse Space Available

      60,941 SF warehouse space for rent in Weslaco, Texas.
      1502 West Pike Boulevard, Weslaco, TX, 78596
      View Details
    • Contact for pricing

      Weslaco Warehouse and Office Space

      8,959 SF warehouse and office space with highway access.
      2118 Vo Tech Dr, Weslaco, TX 78599
      View Details
    • Contact for pricing

      Industrial Space with Dock High Loading

      Industrial lease space available with office and fenced storage yards.
      1912 N Utah Ave, Weslaco, TX
      View Details
    • Contact for pricing

      Weslaco Office Suite For Rent

      Office suite for lease in high-traffic Weslaco location.
      150 S Texas Boulevard # 5, Weslaco, TX 78596
      View Details
    • Contact for pricing

      New Retail Unit For Lease

      New retail space available in a fast-growing commercial area.
      4498 N International Boulevard #E, Weslaco, TX 78599
      View Details
    • Contact for pricing

      Weslaco Warehouse with Rail Service

      108,000 SF warehouse for lease in Rio Grande Valley.
      715 W Pike Blvd, Weslaco, TX 78596
      View Details
    • Contact for pricing

      Versatile Commercial Space Available

      1,250 SF space ideal for office, retail, or medical.
      623 S Texas Blvd, Weslaco, TX
      View Details
    • Contact for pricing

      Premier Medical/Business Office Space

      Exceptional leasing opportunity in a thriving medical and business community.
      1525 E 6th St, Weslaco, TX 78596
      View Details
    • Contact for pricing

      Weslaco Class A Office Space

      Class A office space available for rent in Weslaco, Texas.
      2290 W Pike Blvd., Weslaco, TX 78596
      View Details

    FAQs

    What type of property is this?
    Office units - High-visibility office building with flexible spaces and included utilities.
    Where is this office units located?
    The property is located at 108 E 3rd Street unit 10 Weslaco, TX.
    What is the lease rate?
    The lease rate is $500 /Mo.
    What are key features of this property?
    This property features: Prime, high‑visibility location on Texas Blvd and Business 83.; 5,778 sq. ft. office building suitable for a variety of business needs.; Fully equipped kitchen/breakroom.
    (956) 780-6954
    We can help!
    Listing Contact
    Melissa Velazquez
    Melissa Velazquez
    Learn More
    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.
    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!