Mixed-Use Center Along
New
For Sale
Contact for pricing
1504 W Expressway 83 Unit 4, Weslaco, TX 78596
The suite can accommodate retail, medical, or office uses.
Property Size3,000 SF
Price / SF$2.99
Days on Market2
Property Features for 1504 W Expressway 83 Unit 4
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Commercial
Site & Location
Anchor Co-Tenants
Home Depot
Highway Access
Yes
Road Access
Yes
Additional Details
Tenant in Place
Yes
Property Use
Mixed-use
Building Details
Year Built
2004
Tenancy
Multi
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 3:03PM
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 SANETI REALTY GROUP
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Investment Insights
Based on property information with market context.
This mixed-use center includes a 3,000-square-foot suite built in 2004. Its position along Interstate 2 provides direct highway frontage and access to the property.
Home Depot anchors the center, with other national retailers nearby. The property sits amid residential and commercial development in Weslaco, Texas.
Home Depot anchors the center, with other national retailers nearby. The property sits amid residential and commercial development in Weslaco, Texas.
Key Highlights
- Home Depot serves as the center’s anchor
- Direct frontage along Interstate 2
- 3,000‑square‑foot suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,375
Suggested Prices Based on Cap Rates
Cap Rate 5%
$607,500
$607.5K
Cap Rate 7%
$433,929
$433.9K
Cap Rate 9%
$337,500
$337.5K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$54.0K $18.00/SF
− Vacancy
−$5.4K −$1.80/SF
EGI
$48.6K $16.20/SF
− OpEx
−$18.2K −$6.07/SF
NOI
$30.4K $10.13/SF
Area
Hidalgo County, TX
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$607,500
Cap Rate 7%
$433,929
Cap Rate 9%
$337,500
Alternative Uses
Best Use
Retail
$578.7K
$506.3K – $675.1K
NOI $40,506 @ 7.0% cap · market cap 451.57%
Second Best
Mixed Use
$433.9K
$379.7K – $506.3K
NOI $30,375 @ 7.0% cap · market cap 338.63%
Theoretical Best
Hotel Hospitality
$2.26M
$1.98M – $2.64M
NOI $158,175 @ 7.0% cap · market cap 1,763.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
369
Businesses Nearby
2k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 79%
Shops & Services 21%
Super 8 by Wyndham Weslaco
Hotels & Casinos
1,292 visits/mo
0.1 miles
Caliber Collision
Shops & Services
337 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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The suite can accommodate retail, medical, or office uses.
Where is this mixed-use property located?
The property is located at 1504 W Expressway 83 Unit 4 Weslaco, TX.
What are key features of this property?
This property features: Home Depot serves as the center’s anchor; Direct frontage along Interstate 2; 3,000‑square‑foot suite
