Fenced Flex Warehouse with
For Sale
$875,000
201 E Expressway 83, La Feria, TX 78559
Fully fenced 7,200 SF metal building on a 2.17-acre site on Expressway 83, suited for yard and light industrial use.
Property Size7,200 SF
Lot Size2.17 Acres
Price / SF$121.53
Days on Market61
Property Features for 201 E Expressway 83
General Information
Standard status
Active
Size
7,200 SF
Lot size
2.17 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Taxes and HOA fees
Annual Taxes
$15,076
Building Details
Construction
metal building
Listing Agency:
Star Properties Real Estate
(956) 664-2121
Listed By:
Jasen Hardison
(956) 458-1696
Source:
Exprealty
Added: Jul 8
Changed: Aug 20
Last Checked: Sep 5 at 9:58AM
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 Star Properties Real Estate
Investment Insights
Based on property information with market context.
This fenced flex warehouse and yard is offered for sale or lease and includes a 7,200 SF metal building on a 2.17-acre commercial site. The property is improved and positioned for operational flexibility, with space that can support equipment sales or retail, contractor or service yard activity, light industrial operations, or distribution use.
The site is directly located on Expressway 83 (Interstate 2) in La Feria, TX, providing direct access from a major roadway. It is fully fenced, which can support vehicle or equipment staging and perimeter-controlled operations.
For buyers or tenants looking for a turnkey setup, the combination of the metal warehouse structure and fenced yard area provides a practical footprint for a range of industrial and commercial uses.
The site is directly located on Expressway 83 (Interstate 2) in La Feria, TX, providing direct access from a major roadway. It is fully fenced, which can support vehicle or equipment staging and perimeter-controlled operations.
For buyers or tenants looking for a turnkey setup, the combination of the metal warehouse structure and fenced yard area provides a practical footprint for a range of industrial and commercial uses.
Key Highlights
- 2.17‑acre commercial site at 201 E Expressway 83 in La Feria, TX
- Directly on Expressway 83 (Interstate 2)
- Fully fenced and improved for commercial use
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
$61,590
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
7.04%
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%
$1,231,800
$1.2M
Cap Rate 7%
$879,857
$879.9K
Cap Rate 9%
$684,333
$684.3K
Market Conditions
NOI Build-Up for 7,200 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
$95.9K $13.32/SF
− Vacancy
−$1.2K −$0.16/SF
EGI
$94.8K $13.16/SF
− OpEx
−$33.2K −$4.61/SF
NOI
$61.6K $8.55/SF
Area
Cameron County, TX
Vacancy
1.20%
Lease Rate
$13.32 /SF/Yr
Expense Ratio
35.00%
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%
$1,231,800
Cap Rate 7%
$879,857
Cap Rate 9%
$684,333
Alternative Uses
Best Use
Flex RnD
$879.9K
$769.9K – $1.03M
NOI $61,590 @ 7.0% cap · market cap 7.04%
Second Best
Warehouse
$584.3K
$511.3K – $681.7K
NOI $40,903 @ 7.0% cap · market cap 4.67%
Theoretical Best
Healthcare Medical
$1.24M
$1.08M – $1.45M
NOI $86,780 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
325
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 78559, TX
12,533
Population
5,047
Households
2.5
Avg Household Size
37
Median Age
14%
College-Educated
72%
High-School Grad
36.3 sq mi
ZIP Area
345
Density / Sq Mi
$48,117
Median Household Income
$31,927
Median Earnings
$985
Median Rent
$99,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Fully fenced 7,200 SF metal building on a 2.17-acre site on Expressway 83, suited for yard and light industrial use.
Where is this flex space located?
The property is located at 201 E Expressway 83 La Feria, TX.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 2.17‑acre commercial site at 201 E Expressway 83 in La Feria, TX; Directly on Expressway 83 (Interstate 2); Fully fenced and improved for commercial use
