1501 W Business 83 Road, Weslaco, TX 78596
- Added:
- Dec 26, 2025
- Days on Market:
- 184
- Last Refresh:
- Jun 28 at 9:06 pm
Property Features for 1501 W Business 83 Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 38
- Appliances
- Electric Water Heater
- Standard status
- Active
- APN
- W426000000000100
- Size
- 4,212 SF
- Lot size
- 0.52 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 7761
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1973
- Floors in Building
- 1
- Building materials
- Wood Siding
Listing agent Ryan J. Mcdaniel (956) 299-2111
Listing office Effective Real Estate 2212 Primrose Ave., McAllen, TX (956) 322-8522
Listing date Dec 26, 2025
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.
HighLights
- Turnkey restaurant opportunity with all fixtures and furnishings included.
- High‑traffic visibility off Expressway 83 in Westgate.
- 4,212 sq ft of fully built‑out restaurant space with kitchen, walk‑in fridge/freezer, stoves, fryers, dining booths and bar fixtures.
- Located on a 0.52‑acre lot near a large HEB, generating significant additional traffic.
- 38 paved parking spaces.
- Owner financing possible.
Overview
Local Financial Insights For Specialty Retail
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 | $86.4k | $20.52 |
| − Vacancy | −$4.9k | −$1.17 |
| EGI | $81.5k | $19.35 |
| − OpEx | −$20.4k | −$4.84 |
| NOI | $61.1k | $14.51 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Weslaco
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.004764
- Latitude
- 26.161662
