Cold Storage Facility with Warehouse
New
For Sale
$1,650,000
1423 Texano Drive, Hidalgo, TX 78557
Commercial Sale, Hidalgo, TX
Property Size11,000 SF
Lot Size2.00 Acres
Price / SF$150
Days on Market1
Property Features for 1423 Texano Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
14
Appliances
Water Heater (None)
Subdivision
Villarreal - Del Los Rios
Directions
From McAllen, take 23rd Street/TX-115 south toward Hidalgo. Continue onto International Boulevard, turn left onto E. Ramon Ayala Drive, also known as E. Texano Drive, and proceed to 1423 E. Ramon Ayala Drive.
Standard status
Active
APN
V405000000000600
Size
11,000 SF
Lot size
2.00 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
21752
Building Details
Year built
1990
Floors in Building
2
Building materials
Block
Roof type
Metal
Listing Agency:
RE/MAX elite · RE/MAX International
(956) 583-2100
Listed By:
Juan Jose Elizondo
(956) 522-1481
Added: Oct 22
Last Checked: Oct 22 at 7:06PM
MLS# 518581
Copyright © 2026 Greater McAllen Association of Realtors. 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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Investment Insights
Based on property information with market context.
The 2-acre property contains 11,000 square feet of improvements, including 8,000 square feet of cold storage, 2,000 square feet of warehouse area and 1,000 square feet of office space. Block construction, a metal roof, concrete floors and a loading ramp round out the facility, with paved areas and perimeter fencing on site.
The Hidalgo property is near US Highway 281 and Military Highway, within the international trade corridor. Its configuration brings refrigerated storage, general warehouse space and offices together in one property.
The Hidalgo property is near US Highway 281 and Military Highway, within the international trade corridor. Its configuration brings refrigerated storage, general warehouse space and offices together in one property.
Key Highlights
- 2 acres with 11,000 square feet of improvements
- 8,000 square feet of cold storage, 2,000 square feet of warehouse and 1,000 square feet of office space
- Loading ramp and concrete flooring
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
Who owns this building?
See the owner, sales and loan history
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Refrigerated & cold storage - A mixed-use industrial facility combines temperature-controlled storage, warehouse capacity and dedicated office space.
Where is this refrigerated & cold storage located?
The property is located at 1423 Texano Drive 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: 2 acres with 11,000 square feet of improvements; 8,000 square feet of cold storage, 2,000 square feet of warehouse and 1,000 square feet of office space; Loading ramp and concrete flooring
