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    1321 Ricardo St Weslaco, TX 78599

    Sponsored
    For Sale
    $2,500,000

    High-Yielding, Fully Leased Commercial Property

    Property size:
    8,100 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    343
    This exceptional 8,100 square foot strip center, situated on a 0.63-acre lot at 1321 Ricardo Street in Weslaco, Texas, presents a compelling investment opportunity. Boasting excellent visibility and accessibility from the expressway, this property benefits from high traffic counts and strong brand recognition potential. Currently generating income from fully leased units, this center offers a stable and attractive return on investment. Each unit features a well-maintained storefront, ensuring a professional and appealing appearance for tenants and customers alike. The property's prime location within Weslaco, combined with its excellent condition and consistent rental income, makes it an ideal acquisition for investors seeking a stable, high-performing commercial asset. The property's size and configuration are well-suited for a variety of commercial uses, providing flexibility and potential for future growth. The strong tenant occupancy and consistent rental income stream provide a secure and predictable cash flow, making this a low-risk, high-reward investment opportunity. This is a rare chance to acquire a well-established, income-producing commercial property in a thriving Texas market. Serious inquiries are encouraged.

    Property Features for 1321 Ricardo St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    8,100 SF
    Lot Size
    27,443 SF

    Building Details

    Year Built
    2007
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Weslaco
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.01659
    Latitude
    26.17391

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    FAQs

    What type of property is this?
    Commercial real estate - High-Yielding, Fully Leased Commercial Property
    Where is this commercial real estate located?
    The property is located at 1321 Ricardo St Weslaco, TX.
    What is the asking price?
    The asking price for this property is $2,500,000.
    (956) 331-8583
    Request Owner's contact information
    1321 Ricardo St Weslaco, TX 78599
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    Realmo Value Estimation

    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.

    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.

    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
    1321 Ricardo St Weslaco, TX 78599
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