Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    844 E Us Highway 83 La Joya, TX 78560

    Sponsored
    For Sale
    $359,000

    COMMERCIAL - La Joya, TX

    Property size:
    2,912 SF
    Lot size:
    0.18 Acres
    Days on Market:
    24
    Last Refresh:
    Jan 29 at 10:06 pm

    Property Features for 844 E Us Highway 83

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    R112000000004300
    Parking
    10
    Parking features
    Special Needs
    Appliances
    Electric Water Heater
    Size
    2,912 SF
    Lot size
    0.18 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Electric, Central Air

    Building Details

    Year built
    2001
    Floors in Building
    1
    Building materials
    Stucco
    Roof type
    Flat

    We can help!

    Listing Contact
    Carlos Rosa

    Benavides International Group (956) 465-0011

    Listing agent Victor Fuentes (956) 432-1351

    Listing date Jan 6, 2026

    MLS# 483322

    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.

    Learn more

    Property Insight Report

    Overview

    La Joya Commercial Space

    This commercial space is located off U.S. Highway 83 in a rapidly growing city. Situated in a thriving commercial plaza, the property offers visibility, highway access, and parking. The location is suitable for office spaces, medical practices, daycare centers, and retail stores. The property has a flexible layout. The plaza's positioning ensures foot traffic and business synergy. The property size is 2912 square feet and the lot size is 0.1791 acres. The property is located in La Joya, Texas, with the postal code 78560, in Hidalgo County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    La Joya
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.463275
    Latitude
    26.24561

    Nearby Similar for Sale

    • $1,090,000
      9,642 SF

      Income-Producing Multifamily in La Joya

      Eight-unit multi-plex on 0.42 acres near US Highway 83.
      212 S Alex Ave, La Joya, TX 78560
      View Details
    • New
      $335,000
      1,968 SF

      La Joya Fourplex Investment Opportunity

      Fourplex near expressway, schools, and upcoming park renovation.
      300 N Coyote Blvd, La Joya, TX 78560
      View Details
    • $533,500
      2,122 SF

      Commercial Building on 1.61 Acres

      Commercial building on 1.61 acres in high-traffic location.
      348 Expressway 83 W, La Joya, TX 78560
      View Details
    • $1,000,000
      2,160 SF

      La Joya Commercial Redevelopment Opportunity

      Mixed-use property on 4.95 acres near Highway 83.
      2430 Business 83, La Joya, TX 78560
      View Details
    • $450,000
      2,624 SF

      Retail Plaza in La Joya

      Retail space in high-traffic La Joya location for sale.
      324 W Expy 83 Hwy W, 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 Expressway 83 E, La Joya, TX 78560
      View Details
    • $180,000

      La Joya Duplex: Prime Investment

      Two-unit apartment building, great potential.
      229 4Th St, La Joya, TX 78560
      View Details
    • $525,000
      3,808 SF

      La Joya Multifamily Investment Opportunity

      Four-unit apartment complex, Mission, TX.
      1802 Ramirez St, La Joya, TX 78572
      View Details
    • $280,000

      La Joya Triplex - $280K

      Fully occupied, income-producing triplex in Texas.
      241 4Th St, La Joya, TX 78560
      View Details
    • $285,000

      La Joya Fourplex: Prime Investment

      Four-unit apartment building, high rental potential.
      212 2Nd St, La Joya, TX 78560
      View Details
    • $525,000
      3,808 SF

      La Joya Multifamily Investment Opportunity

      Four-unit apartment complex, newly built.
      1803 Ramirez St, La Joya, TX 78572
      View Details
    • $375,000

      La Joya Commercial Land - $375K

      Prime La Joya location, redevelopment opportunity.
      660 Us Hwy 83 Hwy, La Joya, TX 78560
      View Details

    FAQs

    What type of property is this?
    Retail space - Prime commercial space off U.S. Highway 83 in La Joya.
    Where is this retail space located?
    The property is located at 844 E Us Highway 83 La Joya, TX.
    What is the asking price?
    The asking price for this property is $359,000.
    What are key features of this property?
    This property features: - Owner financing available; - High visibility location directly off U.S. Highway; - Located in a rapidly growing city
    (956) 465-0011
    Request Owner's contact information
    844 E Us Highway 83 La Joya, TX 78560
    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.
    844 E Us Highway 83
    La Joya, TX 78560
    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
    844 E Us Highway 83 La Joya, TX 78560
    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

    We can help!
    Listing Contact
    Carlos Rosa
    (956) 465-0011
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.