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    17409 N FM 88 Elsa, TX 78543

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    For Sale
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    New construction retail suites available for lease in Elsa, Texas.

    Type:Retail
    Property size:
    7,800 SF
    Added:
    Nov 21, 2025
    Days on Market:
    132
    Last Refresh:
    Mar 31 at 12:06 am

    Property Features for 17409 N FM 88

    General Information

    Standard status
    Active
    Size
    7,800 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2025

    Properties For Sale

    at 17409 N FM 88 Contact us

    We can help!

    Listing Contact
    Mark Hanna, CCIM
    Mark Hanna, CCIM

    Listing agent Mark Hanna, CCIM

    Listing office SVN | Hanna Solutions CRE

    Listing date Nov 21, 2025

    Source Svn

    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 SVN | Hanna Solutions CRE

    Overview

    Elsa Retail Plaza Suites

    Located at 17409 N FM 88 in Elsa, Texas, this new construction retail plaza offers retail space for lease. The property features a total of 7,800 square feet across six suites. Suites 1–4 are each 1,250 square feet, with a total of up to 2,500 square feet available. Situated along the west side of FM 88 (Broadway Street), a primary north-south corridor connecting Elsa to Weslaco and Monte Alto, the site is positioned just south of Mile 15 ½ North Road. The property has 115 feet of frontage on FM 88, providing excellent visibility and accessibility. Ample concrete paved surface parking is available. Building and monument signage opportunities are available. The suites are ideal for retail, restaurant, medical, and service office uses. Tenant improvements are available, with terms negotiable. The minimum lease term is 3–5 years. The property is located on a heavily trafficked main corridor with excellent signage opportunities. Custom build-out options are available.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Map

    City
    Elsa
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.9827
    Latitude
    26.2988

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    FAQs

    What type of property is this?
    Strip mall - New construction retail suites available for lease in Elsa, Texas.
    Where is this strip mall located?
    The property is located at 17409 N FM 88 Elsa, TX.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: High‑Visibility Location: Situated on FM 88, a major north‑south corridor, with 115 feet of frontage, ensuring maximum exposure.; New Construction: Benefit from a modern, customizable retail space built in 2025.; Limited Availability: Only two suites remain available, creating a sense of urgency.
    (956) 322-4001
    We can help!
    Listing Contact
    Mark Hanna, CCIM
    Mark Hanna, CCIM
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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