Expressway Frontage
For Sale
$299,000
155-4037 W Expressway 83, McAllen, TX 78503
Shell commercial space offers flexibility for office, medical, retail, or professional operations.
Property Size1,744 SF
Price / SF$171.44
Days on Market12
Property Features for 155-4037 W Expressway 83
General Information
Standard status
Active
Size
1,744 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Furnished
No
Taxes and HOA fees
Annual Taxes
$5,364
Listing Agency:
Casablanca Real Estate of Texas, LLC.
(956) 624-4646
Listed By:
Dulce L. Mascorro · License #675992
(956) 624-4646
Source:
Exprealty
Added: Jul 25
Changed: Aug 5
Last Checked: Aug 5 at 2:35AM
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.
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.
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 For 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 | $37.7k | $21.60 |
| − Vacancy | −$2.1k | −$1.21 |
| EGI | $35.6k | $20.39 |
| − OpEx | −$10.7k | −$6.12 |
| NOI | $24.9k | $14.27 |
1,744 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$355.6K
$311.2K – $414.9K
NOI $24,893 @ 7.0% cap · market cap 8.33%
Second Best
Office B
$333.5K
$291.9K – $389.1K
NOI $23,348 @ 7.0% cap · market cap 7.81%
Theoretical Best
Office A
$473.6K
$414.4K – $552.5K
NOI $33,150 @ 7.0% cap · market cap 11.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Catholic Florist — 724 E Expressway 83, McAllen, TX 78503
- XOXO Flowers and Decor — 2000 s 10th st, 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
- Cantu's Special Events — 2000 s jackson rd, mcallen, tx 78503
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
