Commercial Building Near Interstate
For Sale
Contact for pricing
1420 E Interstate Hwy 2, Weslaco, TX 78596
Commercial block/stucco building with metal roof, easy highway access.
Property Size7,348 SF
Price / SF$204.14
Days on Market665
Property Features for 1420 E Interstate Hwy 2
General Information
Standard status
Active
Size
7,348 SF
Property subtype
Office
Building Details
Year Built
1993
Listing Agency:
Medina Real Estate
(956) 968-8900
Listed By:
Jose Luis Garcia · License #TREC # 0519734
Source:
Crexi
Added: Oct 8, 2024
Changed: Jul 6
Last Checked: Aug 2 at 3:22PM
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 Medina Real Estate
Investment Insights
Based on property information with market context.
This commercial building features solid block and stucco construction with metal roof rafters and trusses. Situated along Interstate Highway 2, it offers convenient access via the expressway and Pike Boulevard. Ample parking and storage space are available. The property is suitable for various uses, including a medical clinic, doctor's offices, or as an investment location. Currently, the seller, a real estate broker/owner, uses the 7,348 square foot building as real estate offices. Large pole and monument signs are present. The seller is open to remaining as a tenant for a year, subject to mutual agreement.
Key Highlights
- Excellent location with easy access to Interstate Highway 2 via expressway and Pike Boulevard.
- Solid block/stucco construction with metal roof rafters and trusses.
- Ample parking and storage space.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $225.7k | $30.72 |
| − Vacancy | −$61.9k | −$8.42 |
| EGI | $163.9k | $22.30 |
| − OpEx | −$41.0k | −$5.58 |
| NOI | $122.9k | $16.73 |
7,348 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.76M
$1.54M – $2.05M
NOI $122,910 @ 7.0% cap · market cap 8.19%
Second Best
Healthcare Medical
$1.55M
$1.36M – $1.81M
NOI $108,723 @ 7.0% cap · market cap 7.25%
Theoretical Best
Hotel Hospitality
$5.53M
$4.84M – $6.46M
NOI $387,423 @ 7.0% cap · market cap 25.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
833
Businesses Nearby
Under-served
Demand for This Use
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
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Similar Off Market Nearby
- Petco Vaccination Clinic — 821 E Expressway 83, Weslaco, TX 78596
Frequently Asked Questions
What type of property is this?
Medical Office Space - Commercial block/stucco building with metal roof, easy highway access.
Where is this medical office space located?
The property is located at 1420 E Interstate Hwy 2 Weslaco, TX.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Excellent location with easy access to Interstate Highway 2 via expressway and Pike Boulevard.; Solid block/stucco construction with metal roof rafters and trusses.; Ample parking and storage space.
