155-4037 W Expressway 83, McAllen, TX 78503

Listing Agency: Casablanca Real Estate of Texas, LLC. n***@me.com Show Phone

Listed By: Dulce L. Mascorro · License #801068309 Show Phone

Source: Exprealty

Added: Jul 25 Changed: Oct 26 Last Checked: Nov 6 at 2:06PM

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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 Casablanca Real Estate of Texas, LLC.

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Investment Insights

Based on property information with market context.

This 1,744 SF storefront shell at 155-4037 W Expressway 83 provides an unfinished interior ready for customization. The space supports office, medical, retail, and professional uses, allowing the occupant to configure the premises around its operating requirements.

The property is positioned along Expressway 83 in McAllen, with frontage oriented toward the expressway. Nearby businesses include restaurants, retail establishments, hotels, and other established commercial users, creating a mixed commercial setting for customer- and client-facing operations.

Key Highlights

• 1,744 SF storefront shell space
• Expressway 83 frontage in McAllen
• Interior can be customized for the occupant’s needs

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,893

Cap Rate

8.33%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$497,860 $497.9K

Cap Rate 7%

$355,614 $355.6K

Cap Rate 9%

$276,589 $276.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,744 SF

Gross rent

$37.7K $21.60/SF

− Vacancy

−$2.1K −$1.21/SF

EGI

$35.6K $20.39/SF

− OpEx

−$10.7K −$6.12/SF

NOI

$24.9K $14.27/SF

Area

McAllen, TX

Vacancy

5.60%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$497,860

Cap Rate 7%

$355,614

Cap Rate 9%

$276,589

Alternative Uses

Best Use

Retail

$355.6K

$311.2K – $414.9K (±1% cap)

NOI $24,893 @ 7.0% cap · market cap 8.33%

Second Best

Office B

$333.5K

$291.9K – $389.1K (±1% cap)

NOI $23,348 @ 7.0% cap · market cap 7.81%

Theoretical Best

Office A

$473.6K

$414.4K – $552.5K (±1% cap)

NOI $33,150 @ 7.0% cap · market cap 11.09%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Building Supply Real Estate Agency Storage Facility Kitchen & Bath Showroom Electrical Service Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

1,576

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 78503, TX

23,604

Population

8,090

Households

2.9

Avg Household Size

35

Median Age

25%

College-Educated

71%

High-School Grad

19.2 sq mi

ZIP Area

1,229

Density / Sq Mi

$48,765

Median Household Income

$27,514

Median Earnings

$1,087

Median Rent

$130,100

Median Home Value

Market

Average Price Trend$/SF for Storefront properties in McAllen, TX

$124 Jul

$112 Aug

$137 Sep

$141 Oct

Properties on Market for Storefront properties in McAllen

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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4037 W Expressway 83 #155, Mcallen, TX 78503

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Office Property with Private Offices

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Office Suite with Private Entrance

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Storefront Property with Five Suites

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Similar Off Market Nearby

• Cantu's Special Events — 2000 s jackson rd, mcallen, tx 78503
• XOXO Flowers and Decor — 2000 s 10th st, mcallen, tx 78503
• Catholic Florist — 724 E Expressway 83, McAllen, TX 78503
• Eleganza Floral Deco — inside palazzio bridal, 500 w expy 83, mcallen, tx 78501
• Flower Studio — 101 E Expressway 83 Ste. 145, McAllen, TX 78501

Frequently Asked Questions

What type of property is this?

Storefront property - Shell commercial space offers flexibility for office, medical, retail, or professional operations.

Where is this storefront property located?

The property is located at 155-4037 W Expressway 83 McAllen, TX.

What is the asking price?

The asking price for this property is $299,000.

What are key features of this property?

This property features: 1,744 SF storefront shell space; Expressway 83 frontage in McAllen; Interior can be customized for the occupant’s needs