Retail Space on
New
For Sale
$445,000
121 W Expressway 83, La Joya, TX 78560
The La Joya property includes two lots and offers commercial space for retail, office, or service businesses.
Property Size2,328 SF
Lot Size0.37 Acres
Price / SF$191.15
Days on Market4
Property Features for 121 W Expressway 83
General Information
Standard status
Active
Size
2,328 SF
Total Parking Spaces
10
Lot size
0.37 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$2,601
Building Details
Building Size
2,328 SF
Year Built
1990
Stories
1
Listing Agency:
JUST REALTY
Listed By:
Monica M Rodriguez Garza
(956) 655-8906
Source:
Justrealty
Added: Oct 22
Changed: Oct 24
Last Checked: Oct 24 at 3:15PM
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 JUST REALTY
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Investment Insights
Based on property information with market context.
This 2,328-square-foot retail property was built in 1990 and occupies two lots totaling .373 acres. The site is at 121 W Expressway 83 in La Joya, with the property positioned directly along Expressway 83.
Key Highlights
- 2,328 square feet of retail space
- Two lots totaling .373 acres
- Directly on Expressway 83 in La Joya
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,433
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$628,660
$628.7K
Cap Rate 7%
$449,043
$449.0K
Cap Rate 9%
$349,256
$349.3K
Market Conditions
NOI Build-Up for 2,328 SF
Gross rent
$47.8K $20.52/SF
− Vacancy
−$2.9K −$1.23/SF
EGI
$44.9K $19.29/SF
− OpEx
−$13.5K −$5.79/SF
NOI
$31.4K $13.50/SF
Area
Hidalgo County, TX
Vacancy
6.00%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$628,660
Cap Rate 7%
$449,043
Cap Rate 9%
$349,256
Alternative Uses
Best Use
Retail
$449.0K
$392.9K – $523.9K
NOI $31,433 @ 7.0% cap · market cap 7.06%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.75M
$1.53M – $2.05M
NOI $122,744 @ 7.0% cap · market cap 27.58%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
137
Businesses Nearby
Explore this area
Business Placement
Demographics for 78560, TX
4,815
Population
1,777
Households
2.7
Avg Household Size
32
Median Age
20%
College-Educated
66%
High-School Grad
14.2 sq mi
ZIP Area
339
Density / Sq Mi
$51,739
Median Household Income
$40,971
Median Earnings
$776
Median Rent
$114,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - The La Joya property includes two lots and offers commercial space for retail, office, or service businesses.
Where is this retail space located?
The property is located at 121 W Expressway 83 La Joya, TX.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: 2,328 square feet of retail space; Two lots totaling .373 acres; Directly on Expressway 83 in La Joya
