Commercial Land With Site
New
For Sale
Contact for pricing
1900 W Expressway 83, Weslaco, TX 78596
Commercial Office zoning and a retail use designation support a range of commercial applications.
Property Size896 SF
Price / SF$3.24
Days on Market2
Property Features for 1900 W Expressway 83
General Information
Standard status
Active
Size
896 SF
Property subtype
Commercial
Building Details
Year Built
1983
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 3:17PM
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 SANETI REALTY GROUP
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Investment Insights
Based on property information with market context.
This commercial land parcel includes existing site improvements and carries Commercial Office (CO) zoning with a retail use designation. The property is located at 1900 W Expressway 83 in Weslaco, Texas, along Expressway 83.
Key Highlights
- Existing site improvements
- Commercial Office (CO) zoning with a retail use designation
- Located at 1900 W Expressway 83 in Weslaco, Texas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,098
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,960
$242.0K
Cap Rate 7%
$172,829
$172.8K
Cap Rate 9%
$134,422
$134.4K
Market Conditions
NOI Build-Up for 896 SF
Gross rent
$18.4K $20.52/SF
− Vacancy
−$1.1K −$1.23/SF
EGI
$17.3K $19.29/SF
− OpEx
−$5.2K −$5.79/SF
NOI
$12.1K $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%
$241,960
Cap Rate 7%
$172,829
Cap Rate 9%
$134,422
Alternative Uses
Best Use
Retail
$172.8K
$151.2K – $201.6K
NOI $12,098 @ 7.0% cap · market cap 417.17%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$674.9K
$590.5K – $787.4K
NOI $47,242 @ 7.0% cap · market cap 1,629.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Location Intelligence
Trade Area within ½ mile
458
Businesses Nearby
242k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 36%
Apparel 30%
Leisure 16%
Dining 9%
Ross Dress for Less
Apparel
52,596 visits/mo
0.2 miles
Hobby Lobby
Shops & Services
48,923 visits/mo
0.2 miles
Cinemark Movies 10
Leisure
39,066 visits/mo
0.2 miles
Dollar Tree
Shops & Services
24,597 visits/mo
0.2 miles
Gatti's Pizza
Dining
11,220 visits/mo
0.1 miles
Demographics for 78596, TX
37,329
Population
15,824
Households
2.4
Avg Household Size
36
Median Age
21%
College-Educated
75%
High-School Grad
40.1 sq mi
ZIP Area
931
Density / Sq Mi
$53,797
Median Household Income
$31,618
Median Earnings
$917
Median Rent
$92,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Commercial land - Commercial Office zoning and a retail use designation support a range of commercial applications.
Where is this commercial land located?
The property is located at 1900 W Expressway 83 Weslaco, TX.
What are key features of this property?
This property features: Existing site improvements; Commercial Office (CO) zoning with a retail use designation; Located at 1900 W Expressway 83 in Weslaco, Texas
