Restaurant with Equipped
For Sale
$769,000
Pending
1501 W Business 83, Weslaco, TX 78596
Kitchen appliances, dining booths, and bar fixtures are included in the existing restaurant build-out.
Property Size4,212 SF
Lot Size0.52 Acres
Days on Market11
Property Features for 1501 W Business 83
General Information
Standard status
Pending
Size
4,212 SF
Total Parking Spaces
38
Lot size
0.52 Acres
Additional Details
Furnished
Yes
Highway Access
Yes
Equipment Included
Yes
Taxes and HOA fees
Annual Taxes
$7,761
Building Details
Year Built
1973
Stories
1
Listing Agency:
Effective Real Estate
(956) 322-8522
Listed By:
Ryan McDaniel
(956) 299-2111
Source:
Exprealty
Added: Oct 20
Changed: Oct 28
Last Checked: Oct 28 at 3:16PM
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 Effective Real Estate
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Investment Insights
Based on property information with market context.
This single-story restaurant property contains 4,212 square feet on a 0.52-acre parcel. The interior includes a kitchen with stoves, fryers, and a walk-in refrigerator/freezer, along with dining booths and bar fixtures. The sale also includes fixtures and furnishings. Central HVAC serves the building, which dates to 1973, and paved parking accommodates 38 vehicles.
At 1501 W Business 83 in Weslaco, the property is near Expressway 83 and Westgate. A large HEB is nearby. The existing restaurant layout and included equipment provide a defined starting point for restaurant operations.
At 1501 W Business 83 in Weslaco, the property is near Expressway 83 and Westgate. A large HEB is nearby. The existing restaurant layout and included equipment provide a defined starting point for restaurant operations.
Key Highlights
- 4,212‑square‑foot restaurant on 0.52 acres
- Kitchen includes stoves, fryers, and a walk‑in fridge/freezer
- Dining booths, bar fixtures, and furnishings included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,128
Cap Rate
7.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,222,560
$1.2M
Cap Rate 7%
$873,257
$873.3K
Cap Rate 9%
$679,200
$679.2K
Market Conditions
NOI Build-Up for 4,212 SF
Gross rent
$86.4K $20.52/SF
− Vacancy
−$4.9K −$1.17/SF
EGI
$81.5K $19.35/SF
− OpEx
−$20.4K −$4.84/SF
NOI
$61.1K $14.51/SF
Area
Hidalgo County, TX
Vacancy
5.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,222,560
Cap Rate 7%
$873,257
Cap Rate 9%
$679,200
Alternative Uses
Best Use
Specialty Retail
$873.3K
$764.1K – $1.02M
NOI $61,128 @ 7.0% cap · market cap 7.95%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$3.17M
$2.78M – $3.70M
NOI $222,078 @ 7.0% cap · market cap 28.88%
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
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
356
Businesses Nearby
278k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 35%
Dining 34%
Groceries 29%
Home Improvements & Furnishings 1%
H-E-B
Groceries
80,546 visits/mo
0.2 miles
H-E-B Fuel
Shops & Services
29,812 visits/mo
0.2 miles
Whataburger
Dining
28,822 visits/mo
0.3 miles
Dutch Bros. Coffee
Dining
20,272 visits/mo
0.4 miles
SONIC Drive In
Dining
16,399 visits/mo
0.4 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Restaurant - Kitchen appliances, dining booths, and bar fixtures are included in the existing restaurant build-out.
Where is this restaurant located?
The property is located at 1501 W Business 83 Weslaco, TX.
What is the asking price?
The asking price for this property is $769,000.
What are key features of this property?
This property features: 4,212‑square‑foot restaurant on 0.52 acres; Kitchen includes stoves, fryers, and a walk‑in fridge/freezer; Dining booths, bar fixtures, and furnishings included
