Restaurant with Equipped
New
For Sale
$769,000
Pending
1501 W Business 83, Weslaco, TX 78596
Commercial Sale, Weslaco, TX
Property Size4,212 SF
Lot Size0.52 Acres
Days on Market1
Property Features for 1501 W Business 83
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Comm
Elementary school district
Weslaco ISD
Middle school district
Weslaco ISD
High school district
Weslaco ISD
Subdivision
Weslaco
Standard status
Pending
Size
4,212 SF
Lot size
0.52 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7761
Building Details
Year built
1973
Number of units
1
Listing Agency:
Effective Real Estate
(956) 322-8522
Listed By:
Ryan McDaniel
(956) 299-2111
Added: Oct 20
Last Checked: Oct 20 at 12:06PM
MLS# 106937
Copyright © 2026 South Padre Island Board 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.
This 4,212-square-foot restaurant occupies a 0.52-acre site and was built in 1973. The single-story layout includes a kitchen, walk-in refrigerator and freezer, stoves, fryers, dining booths and bar fixtures. Central HVAC and 38 paved parking spaces are also part of the property. Fixtures and furnishings are included.
Located at 1501 W Business 83 in Weslaco, the property is near Expressway 83 and a large HEB. Zoning is Comm.
Located at 1501 W Business 83 in Weslaco, the property is near Expressway 83 and a large HEB. Zoning is Comm.
Key Highlights
- 4,212 square feet of restaurant space on 0.52 acres
- Kitchen equipment includes a walk‑in fridge/freezer, stoves and fryers
- Dining booths and bar fixtures are included with the property
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
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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?
Conventional restaurant - The single-story space includes dining fixtures, kitchen equipment and paved on-site parking.
Where is this conventional 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 feet of restaurant space on 0.52 acres; Kitchen equipment includes a walk‑in fridge/freezer, stoves and fryers; Dining booths and bar fixtures are included with the property
