Retail Space Near
New
For Sale
Contact for pricing
1901 W Expressway 83 Unit 500, Weslaco, TX 78596
Nearby retail, dining, entertainment, schools, and residential communities add context for commercial users.
Property Size4,945 SF
Price / SF$2.35
Days on Market2
Property Features for 1901 W Expressway 83 Unit 500
General Information
Standard status
Active
Size
4,945 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Year Built
1996
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 3:25PM
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 4,945-square-foot retail space at 1901 W Expressway 83, Unit 500, in Weslaco was built in 1996. The property is positioned near Expressway 83 and Westgate Drive.
Nearby businesses include Hobby Lobby, Ross, Cinemark, Starbucks, and Buffalo Wild Wings. Schools and residential communities are also part of the surrounding area.
Nearby businesses include Hobby Lobby, Ross, Cinemark, Starbucks, and Buffalo Wild Wings. Schools and residential communities are also part of the surrounding area.
Key Highlights
- 4,945‑square‑foot retail space
- Built in 1996
- Near Expressway 83 and Westgate Drive
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,768
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,335,360
$1.3M
Cap Rate 7%
$953,829
$953.8K
Cap Rate 9%
$741,867
$741.9K
Market Conditions
NOI Build-Up for 4,945 SF
Gross rent
$101.5K $20.52/SF
− Vacancy
−$6.1K −$1.23/SF
EGI
$95.4K $19.29/SF
− OpEx
−$28.6K −$5.79/SF
NOI
$66.8K $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%
$1,335,360
Cap Rate 7%
$953,829
Cap Rate 9%
$741,867
Alternative Uses
Best Use
Retail
$953.8K
$834.6K – $1.11M
NOI $66,768 @ 7.0% cap · market cap 574.60%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$3.72M
$3.26M – $4.35M
NOI $260,725 @ 7.0% cap · market cap 2,243.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
585
Businesses Nearby
486k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 26%
Dining 26%
Groceries 17%
Apparel 15%
H-E-B
Groceries
80,546 visits/mo
0.5 miles
Ross Dress for Less
Apparel
52,596 visits/mo
0.2 miles
Hobby Lobby
Shops & Services
48,923 visits/mo
0.1 miles
Cinemark Movies 10
Leisure
39,066 visits/mo
0.3 miles
H-E-B Fuel
Shops & Services
29,812 visits/mo
0.5 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?
Retail space - Nearby retail, dining, entertainment, schools, and residential communities add context for commercial users.
Where is this retail space located?
The property is located at 1901 W Expressway 83 Unit 500 Weslaco, TX.
What are key features of this property?
This property features: 4,945‑square‑foot retail space; Built in 1996; Near Expressway 83 and Westgate Drive
