Open-Layout Retail
For Sale
$325,000
4037 W Expressway 83 Unit 115, McAllen, TX 78503
Retail suite in a strip center with natural light, shared parking, and flexible space for retail or service uses.
Property Size1,869 SF
Price / SF$173.89
Days on Market80
Property Features for 4037 W Expressway 83 Unit 115
General Information
Standard status
Active
Size
1,869 SF
Building Details
Year Built
2015
Listing Agency:
Coldwell Banker La Mansion
Listed By:
Omar Garza · License #824592
(512) 998-0019
Source:
Aregtx
Added: Jul 21
Changed: Sep 9
Last Checked: Oct 7 at 2:00PM
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 Coldwell Banker La Mansion
Investment Insights
Based on property information with market context.
This retail space is located within a strip center and features an open interior arrangement with ample natural light. The layout supports a range of retail or service operations, subject to applicable requirements. Shared parking provides convenient access for customers and employees.
Built in 2015, the property is at 4037 W Expressway 83, Unit 115, in McAllen, Texas. Neighboring businesses occupy the center and contribute to an established commercial setting.
Built in 2015, the property is at 4037 W Expressway 83, Unit 115, in McAllen, Texas. Neighboring businesses occupy the center and contribute to an established commercial setting.
Key Highlights
- Open interior layout with ample natural light
- Located in a strip center with shared parking
- Suitable for retail or service businesses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,677
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$533,540
$533.5K
Cap Rate 7%
$381,100
$381.1K
Cap Rate 9%
$296,411
$296.4K
Market Conditions
NOI Build-Up for 1,869 SF
Gross rent
$40.4K $21.60/SF
− Vacancy
−$2.3K −$1.21/SF
EGI
$38.1K $20.39/SF
− OpEx
−$11.4K −$6.12/SF
NOI
$26.7K $14.27/SF
Area
McAllen, TX
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$533,540
Cap Rate 7%
$381,100
Cap Rate 9%
$296,411
Alternative Uses
Best Use
Retail
$381.1K
$333.5K – $444.6K
NOI $26,677 @ 7.0% cap · market cap 8.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$507.5K
$444.1K – $592.1K
NOI $35,526 @ 7.0% cap · market cap 10.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
446
Businesses Nearby
Explore this area
Business Placement
Demographics for 78503, TX
23,604
Population
8,090
Households
2.9
Avg Household Size
35
Median Age
25%
College-Educated
71%
High-School Grad
19.2 sq mi
ZIP Area
1,229
Density / Sq Mi
$48,765
Median Household Income
$27,514
Median Earnings
$1,087
Median Rent
$130,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - Retail suite in a strip center with natural light, shared parking, and flexible space for retail or service uses.
Where is this retail space located?
The property is located at 4037 W Expressway 83 Unit 115 McAllen, TX.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Open interior layout with ample natural light; Located in a strip center with shared parking; Suitable for retail or service businesses
