Palmview, TX Commercial
3105 W Expressway 83 Highway Palmview, TX 78572
For Sale
$1,675,000
COMMERCIAL - Palmview, TX
Property Size4,288 SF
Lot Size5.18 Acres
Price / SF$390.63
Days on Market336
Property Features for 3105 W Expressway 83 Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
S580000000001605
Size
4,288 SF
Lot size
5.18 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
22715
Utilities
Water source
Public
Listing Agency:
BIG Realty
(956) 465-0011
Listed By:
Gregory A Vasquez
(956) 289-3288
Added: Aug 28, 2025
Changed: Apr 15
Last Checked: Jul 29 at 5:06AM
MLS# 479591
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.
Investment Insights
Based on property information with market context.
This income-producing commercial property is located near the expressway and the upcoming loop in Penitas. The business office spans 4,288 square feet on a 5.18-acre lot. The layout includes a reception area, a conference room, and six offices. The property features 379 feet of frontage and a parking lot that accommodates 40 cars. An electric gate provides security. The property holds commercial and development potential for uses such as a storage facility or brokerage firm headquarters.
Key Highlights
- Income‑producing commercial property with significant development potential.
- Prime location near the expressway and upcoming loop in Penitas.
- Spacious 5‑acre lot with a 4,288 sqft business office.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $131.7k | $30.72 |
| − Vacancy | −$36.1k | −$8.42 |
| EGI | $95.6k | $22.30 |
| − OpEx | −$23.9k | −$5.58 |
| NOI | $71.7k | $16.73 |
4,288 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.02M
$896.6K – $1.20M
NOI $71,726 @ 7.0% cap · market cap 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$3.23M
$2.83M – $3.77M
NOI $226,085 @ 7.0% cap · market cap 13.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Income-producing commercial property near expressway with development potential.
Where is this office units located?
The property is located at 3105 W Expressway 83 Highway Palmview, TX.
What is the asking price?
The asking price for this property is $1,675,000.
What are key features of this property?
This property features: Income‑producing commercial property with significant development potential.; Prime location near the expressway and upcoming loop in Penitas.; Spacious 5‑acre lot with a 4,288 sqft business office.
