Cold Storage Facility with Loading
For Sale
$1,650,000
1423 E Texano Dr, Hidalgo, TX 78557
Office and warehouse areas complement refrigerated storage, alongside paved areas and perimeter fencing.
Property Size11,000 SF
Lot Size2.00 Acres
Price / SF$150
Days on Market11
Property Features for 1423 E Texano Dr
General Information
Standard status
Active
Size
11,000 SF
Lot size
2.00 Acres
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Warehouse Space
2,000 SF
Office Build-Out
1,000 SF
Cold Storage
Yes
Cold Storage Area
8,000 SF
Additional Details
Property Use
Warehouse
Taxes and HOA fees
Annual Taxes
$21,752
Building Details
Building Size
11,000 SF
Listing Agency:
RE/MAX elite
(956) 583-2100
Listed By:
Juan Jose Elizondo · License #0620235
(956) 522-1481
Source:
Exprealty
Added: Oct 22
Changed: Oct 31
Last Checked: Nov 1 at 7:35AM
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 RE/MAX elite
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Hidalgo property contains approximately 11,000 square feet of improvements, including 8,000 square feet of cold storage, 2,000 square feet of warehouse space and 1,000 square feet of offices. A loading ramp, concrete floors, a metal roof, paved areas and perimeter fencing are also part of the facility. The site encompasses approximately 2 acres.
The property is near US Highway 281, also known as Military Highway, and the international trade corridor.
The property is near US Highway 281, also known as Military Highway, and the international trade corridor.
Key Highlights
- Approximately 8,000 square feet of cold storage
- Approximately 2,000 square feet of warehouse space and 1,000 square feet of offices
- Approximately 11,000 square feet of improvements on approximately 2 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,288
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,405,760
$1.4M
Cap Rate 7%
$1,004,114
$1.0M
Cap Rate 9%
$780,978
$781.0K
Market Conditions
NOI Build-Up for 11,000 SF
Gross rent
$88.4K $8.04/SF
− Vacancy
−$5.7K −$0.52/SF
EGI
$82.7K $7.52/SF
− OpEx
−$12.4K −$1.13/SF
NOI
$70.3K $6.39/SF
Area
Hidalgo County, TX
Vacancy
6.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,405,760
Cap Rate 7%
$1,004,114
Cap Rate 9%
$780,978
Alternative Uses
Best Use
Warehouse
$1.00M
$878.6K – $1.17M
NOI $70,288 @ 7.0% cap · market cap 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$8.29M
$7.25M – $9.67M
NOI $579,975 @ 7.0% cap · market cap 35.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
323
Businesses Nearby
Explore this area
Business Placement
Demographics for 78557, TX
13,986
Population
4,141
Households
3.4
Avg Household Size
30
Median Age
23%
College-Educated
70%
High-School Grad
16.6 sq mi
ZIP Area
843
Density / Sq Mi
$53,667
Median Household Income
$32,109
Median Earnings
$849
Median Rent
$156,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Refrigerated & cold storage - Office and warehouse areas complement refrigerated storage, alongside paved areas and perimeter fencing.
Where is this refrigerated & cold storage located?
The property is located at 1423 E Texano Dr Hidalgo, TX.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Approximately 8,000 square feet of cold storage; Approximately 2,000 square feet of warehouse space and 1,000 square feet of offices; Approximately 11,000 square feet of improvements on approximately 2 acres
