Tenant-Occupied Specialty
For Sale
$181,999
1231 E EXPRESSWAY 77/83, San Benito, TX 78586
Commercial Sale, SAN BENITO, TX
Property Size2,014 SF
Lot Size0.34 Acres
Price / SF$90.37
Days on Market122
Property Features for 1231 E EXPRESSWAY 77/83
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
LIDIA'S
Standard status
Active
Size
2,014 SF
Lot size
0.34 Acres
Building Details
Year built
1993
Floors in Building
1
Listing Agency:
KELLER WILLIAMS LRGV · Keller Williams Realty
(956) 423-8877
Listed By:
LESLIE DE LA GARZA
(956) 392-2559
Added: Jul 5
Changed: Oct 23
Last Checked: Nov 3 at 3:06AM
MLS# 29777730
Copyright © 2026 Rio Grande Valley Multiple Listing Service Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1993, the property contains 2,014 square feet on a 0.344-acre parcel. Long-term tenants are in place.
The property is located at 1231 E Expressway 77/83 in San Benito, Texas.
The property is located at 1231 E Expressway 77/83 in San Benito, Texas.
Key Highlights
- 2,014‑square‑foot property
- 0.344‑acre parcel
- Built in 1993
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,238
Cap Rate
8.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,760
$304.8K
Cap Rate 7%
$217,686
$217.7K
Cap Rate 9%
$169,311
$169.3K
Market Conditions
NOI Build-Up for 2,014 SF
Gross rent
$29.7K $14.76/SF
− Vacancy
−$2.0K −$1.00/SF
EGI
$27.7K $13.76/SF
− OpEx
−$12.5K −$6.19/SF
NOI
$15.2K $7.57/SF
Area
Cameron County, TX
Vacancy
6.80%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,760
Cap Rate 7%
$217,686
Cap Rate 9%
$169,311
Alternative Uses
Best Use
Apartment 5plus
$217.7K
$190.5K – $254.0K
NOI $15,238 @ 7.0% cap · market cap 8.37%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$346.8K
$303.4K – $404.6K
NOI $24,274 @ 7.0% cap · market cap 13.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
228
Businesses Nearby
Explore this area
Business Placement
Demographics for 78586, TX
50,135
Population
16,145
Households
3.1
Avg Household Size
32
Median Age
12%
College-Educated
64%
High-School Grad
152.5 sq mi
ZIP Area
329
Density / Sq Mi
$44,158
Median Household Income
$25,906
Median Earnings
$839
Median Rent
$83,200
Median Home Value
Frequently Asked Questions
What type of property is this?
Single family property - Long-term tenants occupy this income-producing asset.
Where is this single family property located?
The property is located at 1231 E EXPRESSWAY 77/83 San Benito, TX.
What is the asking price?
The asking price for this property is $181,999.
What are key features of this property?
This property features: 2,014‑square‑foot property; 0.344‑acre parcel; Built in 1993
