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 Market58
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) 802-2043
Listed By:
Dulce L. Mascorro · License #801068309
(956) 624-4646
Source:
Exprealty
Added: Jul 25
Changed: Sep 11
Last Checked: Sep 19 at 3:35PM
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
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,893
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$497,860
$497.9K
Cap Rate 7%
$355,614
$355.6K
Cap Rate 9%
$276,589
$276.6K
Market Conditions
NOI Build-Up for 1,744 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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
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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
