Add Listing
    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

    2340 Expressway 83 W San Benito, TX 78586

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Development site with retail/office potential on I-69.

    Lot size:
    27.26 Acres

    Property Features for 2340 Expressway 83 W

    General Information

    Lot size
    27.26 Acres

    We can help!

    Listing Contact
    Eric Ziehe, Ccim
    Eric Ziehe, Ccim
    Source: Moodyscre

    Listing Agency: NAI Rio Grande Valley | McAllen Listing Agent: Eric Ziehe, Ccim

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Prime Development Site on I-69

    This development site offers retail and office potential with approximately 800 feet of frontage on I-69, 800 feet on Whalen Road, and approximately 1,000 feet on Alden Road. TXDOT indicates approximately 79,000 vehicles per day. The property is well-located, with Lowe's and Home Depot just over one-half mile north on the interstate, along with numerous other retail and restaurant operations. The area features two regional hospitals, the University of Texas Regional Academic Health Center, a technical college with an enrollment of 5,800, and the Valley's regional airport, the air cargo hub of the region. The area also has excellent transportation via rail, highway, and a deep water port and is one of the fastest-growing in the nation. Water and sewer are located nearby. The seller will consider owner financing. Multifamily development with retail in front is a potential use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    San Benito
    County
    Cameron
    State
    Texas
    Longitude
    -97.665479
    Latitude
    26.149555

    Nearby Similar for Sale

    • $297,000
      2,427 SF

      Renovated San Benito Commercial Property

      Move-in ready commercial property in the heart of San Benito.
      100 Crawford Dr, San Benito, TX 78586
      View Details
    • $215,000
      1,638 SF

      Remodeled Medical Office in San Benito

      Well-maintained, remodeled medical office with negotiable furnishings in booming area.
      625 Sam Houston Blvd, San Benito, TX 78586
      View Details
    • $200,000
      5.00 Acres

      San Benito Ranch Living

      5 acre ranch property in San Benito, Texas.
      26841 Iowa Gardens Rd, San Benito, TX 78586
      View Details
    • $625,000

      Lush Ranch with Hay Production

      Charming ranch home on 10 acres with hay production.
      28543 Kornegay Rd, San Benito, TX 78586
      View Details
    • Contact for pricing
      4,650 SF

      Retail Property Near High-Traffic Intersection

      Retail space near Walmart and H-E-B, high consumer traffic.
      1100 W Business 77, San Benito, TX 78586
      View Details
    • $1,395,000
      5,940 SF

      San Benito Commercial Retail Building

      Commercial building with eight units on 2.29 acres.
      801 Zillock Rd, San Benito, TX 78586
      View Details
    • $315,000
      0.09 Acres

      Retail Property in San Benito

      Well-maintained retail space with long-term tenant in San Benito.
      160 S Sam Houston Blvd, San Benito, TX 78586
      View Details
    • $234,000
      1,796 SF

      Turnkey Restaurant in High-Traffic Location

      Established restaurant space in downtown San Benito, fully equipped.
      267 W Robertson St, San Benito, TX 78586
      View Details
    • $297,000
      2,427 SF

      Renovated San Benito Commercial Property

      Move-in ready commercial property in the heart of San Benito.
      100 Crawford Dr, San Benito, TX 78586
      View Details
    • $225,000
      0.17 Acres

      Commercial Property in San Benito, TX

      Prime commercial opportunity in a rapidly growing Texas city.
      890 N Milam Ave, San Benito, TX 78586
      View Details
    • $379,000
      1 SF

      Military Hwy Warehouse - San Benito

      Texas Warehouse: $379,000, 0.7 acres.
      22592 Military Hwy, San Benito, TX 78586
      View Details

    FAQs

    What type of property is this?
    Commercial land - Development site with retail/office potential on I-69.
    Where is this commercial land located?
    The property is located at 2340 Expressway 83 W San Benito, TX.
    What is the asking price?
    The asking price for this property is $3,700,000.
    What are key features of this property?
    This property features: - High traffic location on I-69 with approximately 79,000 vehicles per day (VPD).; - Significant frontage on I-69 (approx. 800'), Whalen Rd (approx. 800'), and Alden Rd (approx. 1,000').; - Excellent development potential for retail/office use.
    (956) 994-8900 Call to check price and availability
    Request Owner's contact information
    2340 Expressway 83 W San Benito, TX 78586
    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.
    2340 Expressway 83 W
    San Benito, TX 78586
    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
    2340 Expressway 83 W San Benito, TX 78586
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Eric Ziehe, Ccim
    Eric Ziehe, Ccim
    (956) 994-8900 (956) 425-9400 (956) 495-9851
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!