Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Building on 1.61 Acres Title is generated by Realmo AI

    348 W Expressway 83, La Joya, TX 78560

    View on Map
    Claim this Listing
    For Sale
    $533,500

    COMMERCIAL - La Joya, TX

    Property size:
    2,122 SF
    Lot size:
    1.61 Acres
    Price / SF:
    $251/SF
    Added:
    Jan 13, 2026
    Days on Market:
    128
    Last Refresh:
    May 21 at 1:06 pm

    Property Features for 348 W Expressway 83

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    F1
    Parking
    8
    Exterior features
    Manual Gate
    Fencing
    Gate
    Appliances
    Electric Water Heater, Water Heater (Other Location)
    Standard status
    Active
    APN
    1004700000000600
    Size
    2,122 SF
    Lot size
    1.61 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    9974

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1999
    Floors in Building
    1
    Building materials
    Brick, Block
    Roof type
    Composition

    We can help!

    Listing Contact
    Rogelio (Roy) Ramirez

    Listing agent Rogelio (Roy) Ramirez

    Listing office Davis Real Estate RGV, LLC 2300 W Pike Blvd. Suite 103-A, Weslaco, TX

    Listing date Jan 13, 2026

    MLS# 487452

    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.

    HighLights

    • High‑traffic location on 1.61 acres with accessibility from Highway 83 and FM 2221.
    • Large, versatile 2,122 sq ft building suitable for various business setups.
    • Ample off‑street parking available.
    • Corner lot is entirely fenced with manual gate.
    • Features a large waiting room area and receptionist/front office.
    • Built in 1999 with brick and block construction, central heating and cooling.

    Overview

    This commercial building, situated on 1.61 acres in La Joya, Texas, is available for sale. The property is located in a high traffic count location and offers accessibility from Highway 83 and FM 2221. The building is approximately 2,122 square feet and includes public bathrooms. It features a large waiting room area near a receptionist/front office. The rear of the building contains a large, expansive open area suitable for various business setups. The corner location is entirely fenced and provides ample off-street parking. The property is located in Hidalgo County, Texas, with a zoning designation of F1.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Real Estate Agency Restaurant Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Pharmacy Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    La Joya
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.484399
    Latitude
    26.249146

    Nearby Similar for Sale

    • $299,998
      2,912 SF

      La Joya Commercial Building

      2,912 SF commercial building, ideal for office or suites.
      844 E US Highway 83, La Joya, TX 78560
      View Details
    • $210,000
      4,756 SF

      Fully Occupied Triplex Opportunity

      Income-producing triplex with three units on two lots.
      241 W 4th Street W, La Joya, TX 78560
      View Details
    • $660,000

      Former Storefront on US Highway

      Former Dollar Store property near schools, shopping, and dining.
      705 E. Expressway 83, La Joya, TX 78560
      View Details
    • $660,000
      7,848 SF

      Retail Property on US Highway

      Former Dollar Store property near schools, shopping, and dining.
      705 E. Expressway 83, La Joya, TX 78560
      View Details
    • $520,000
      6,092 SF

      La Joya Multifamily Investment

      Six-unit multifamily investment property in La Joya, Texas.
      225-233 W 4th Street, La Joya, TX 78560
      View Details
    • $180,000
      2,052 SF

      La Joya Multifamily Investment

      Two detached units in La Joya, ideal for investors.
      225 W 4th Street, La Joya, TX 78560
      View Details
    • $180,000
      1,977 SF

      Multifamily Property in La Joya

      Two-unit multifamily property with investment and customization potential.
      233 W 4th Street, La Joya, TX 78560
      View Details

    FAQs

    What type of property is this?
    Specialty property - Commercial building on 1.61 acres in high-traffic location.
    Where is this specialty property located?
    The property is located at 348 W Expressway 83 La Joya, TX.
    What is the asking price?
    The asking price for this property is $533,500.
    What are key features of this property?
    This property features: High‑traffic location on 1.61 acres with accessibility from Highway 83 and FM 2221.; Large, versatile **2,122 sq ft building** suitable for various business setups.; Ample off‑street parking available.
    (956) 376-0799
    We can help!
    Listing Contact
    Rogelio (Roy) Ramirez
    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

    Thank You for Inquiry
    348 W Expressway 83, La Joya, TX 78560
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!