Two Single-Story Office
For Sale
$2,200,000
1102 S Airport Drive, Weslaco, TX 78596
Income-producing office property with two single-story buildings occupied by two tenants and B-1 zoning.
Property Size11,556 SF
Lot Size1.04 Acres
Price / SF$190.38
Days on Market40
Property Features for 1102 S Airport Drive
General Information
Standard status
Active
Size
11,556 SF
Lot size
1.04 Acres
Property subtype
General Commercial
Zoning
B-1
Site & Location
Road Access
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$28,060
Amenities
Central Air
3
63 Parking Spaces. Paved Driveway.
City Road, Paved Road.
Building Details
Year Built
2007
Tenancy
Multi
Listing Agency:
NAI Rio Grande Valley
(956) 227-8000
Listed By:
Nai Stx
(956) 227-8000
Source:
Xome
Added: Jul 15
Changed: Aug 23
Last Checked: Aug 23 at 5:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Rio Grande Valley
Investment Insights
Based on property information with market context.
This income-producing commercial property consists of two single-story buildings and is currently occupied by two tenants. The offering provides immediate rental income while supporting future owner-user or value-add scenarios, and the buildings are positioned for flexible commercial use under B-1 zoning.
Located at 1102 S Airport Dr in Weslaco, TX, the property sits along S. Airport Drive within an established medical corridor. It is near Knapp Medical Center and surrounded by established healthcare providers.
The property is described as having excellent visibility, ample parking, and full city utilities.
Located at 1102 S Airport Dr in Weslaco, TX, the property sits along S. Airport Drive within an established medical corridor. It is near Knapp Medical Center and surrounded by established healthcare providers.
The property is described as having excellent visibility, ample parking, and full city utilities.
Key Highlights
- Prime ±1,556 SF income‑producing commercial property on ±1.04 acres along S. Airport Drive in Weslaco’s medical corridor
- Two single‑story buildings on‑site, currently occupied by two tenants for immediate rental income
- B‑1 zoning, suitable for medical, office, retail, or professional uses
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$193,298
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,865,960
$3.9M
Cap Rate 7%
$2,761,400
$2.8M
Cap Rate 9%
$2,147,756
$2.1M
Market Conditions
NOI Build-Up for 11,556 SF
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.
Gross rent
$355.0K $30.72/SF
− Vacancy
−$97.3K −$8.42/SF
EGI
$257.7K $22.30/SF
− OpEx
−$64.4K −$5.58/SF
NOI
$193.3K $16.73/SF
Area
Hidalgo County, TX
Vacancy
27.40%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,865,960
Cap Rate 7%
$2,761,400
Cap Rate 9%
$2,147,756
Alternative Uses
Best Use
Office B
$2.76M
$2.42M – $3.22M
NOI $193,298 @ 7.0% cap · market cap 8.79%
Second Best
Healthcare Medical
$2.44M
$2.14M – $2.85M
NOI $170,986 @ 7.0% cap · market cap 7.77%
Theoretical Best
Hotel Hospitality
$8.70M
$7.62M – $10.15M
NOI $609,290 @ 7.0% cap · market cap 27.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
727
Businesses Nearby
Explore this area
Business Placement
Demographics for 78596, TX
37,329
Population
15,824
Households
2.4
Avg Household Size
36
Median Age
21%
College-Educated
75%
High-School Grad
40.1 sq mi
ZIP Area
931
Density / Sq Mi
$53,797
Median Household Income
$31,618
Median Earnings
$917
Median Rent
$92,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Income-producing office property with two single-story buildings occupied by two tenants and B-1 zoning.
Where is this office units located?
The property is located at 1102 S Airport Drive Weslaco, TX.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Prime ±1,556 SF income‑producing commercial property on ±1.04 acres along S. Airport Drive in Weslaco’s medical corridor; Two single‑story buildings on‑site, currently occupied by two tenants for immediate rental income; B‑1 zoning, suitable for medical, office, retail, or professional uses
