Three-Suite Retail
New
For Sale
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1715 E Expressway 83, Penitas, TX 78576
Each bay can be occupied independently, with options to combine the available area for retail, medical, or professional use.
Property Size4,800 SF
Price / SF$0.48
Days on Market2
Property Features for 1715 E Expressway 83
General Information
Standard status
Active
Size
4,800 SF
Property subtype
Commercial
Building Details
Year Built
2004
Listing Agency:
Texus Realty
Listed By:
Israel Gutierrez · License #0558344
(512) 846-9332
Source:
Texusrealty
Added: Nov 1
Changed: Nov 2
Last Checked: Nov 2 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 Texus Realty
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Investment Insights
Based on property information with market context.
Penitas Plaza has three adjoining retail bays, each measuring 1,600 square feet, with a combined area of up to 4,800 square feet. The spaces may be leased separately or joined. The property was built in 2004 and has 157 paved parking spaces.
The plaza is positioned in front of a Super Walmart. On-site businesses include Domino’s, Subway, La Joya Family Dental, and Alicia’s Su Cocina. Nearby national retailers and restaurants include Chick-fil-A, Starbucks, Panda Express, Sonic, Dollar Tree, and T-Mobile.
The plaza is positioned in front of a Super Walmart. On-site businesses include Domino’s, Subway, La Joya Family Dental, and Alicia’s Su Cocina. Nearby national retailers and restaurants include Chick-fil-A, Starbucks, Panda Express, Sonic, Dollar Tree, and T-Mobile.
Key Highlights
- Three 1,600 SF bays can be leased separately or combined for up to 4,800 SF
- 157 paved parking spaces
- Plaza is positioned in front of a Super Walmart
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,810
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,296,200
$1.3M
Cap Rate 7%
$925,857
$925.9K
Cap Rate 9%
$720,111
$720.1K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$98.5K $20.52/SF
− Vacancy
−$5.9K −$1.23/SF
EGI
$92.6K $19.29/SF
− OpEx
−$27.8K −$5.79/SF
NOI
$64.8K $13.50/SF
Area
Hidalgo County, TX
Vacancy
6.00%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,296,200
Cap Rate 7%
$925,857
Cap Rate 9%
$720,111
Alternative Uses
Best Use
Retail
$925.9K
$810.1K – $1.08M
NOI $64,810 @ 7.0% cap · market cap 2,812.93%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$3.62M
$3.16M – $4.22M
NOI $253,080 @ 7.0% cap · market cap 10,984.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
317
Businesses Nearby
275k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 39%
Superstores 33%
Shops & Services 26%
Electronics 2%
Walmart
Superstores
90,183 visits/mo
0.1 miles
Murphy USA
Shops & Services
30,577 visits/mo
0.2 miles
Chick-fil-A
Dining
24,192 visits/mo
0.2 miles
Dollar Tree
Shops & Services
22,230 visits/mo
0.1 miles
Starbucks
Dining
15,865 visits/mo
0.3 miles
Demographics for 78576, TX
13,901
Population
3,362
Households
4.1
Avg Household Size
25
Median Age
6%
College-Educated
53%
High-School Grad
58.2 sq mi
ZIP Area
239
Density / Sq Mi
$48,205
Median Household Income
$21,962
Median Earnings
$629
Median Rent
$116,600
Median Home Value
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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?
Retail space - Each bay can be occupied independently, with options to combine the available area for retail, medical, or professional use.
Where is this retail space located?
The property is located at 1715 E Expressway 83 Penitas, TX.
What are key features of this property?
This property features: Three 1,600 SF bays can be leased separately or combined for up to 4,800 SF; 157 paved parking spaces; Plaza is positioned in front of a Super Walmart
