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 Market94
Property Features for 201 E Expressway 83
General Information
Standard status
Active
Size
7,200 SF
Lot size
2.17 Acres
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Building Details
Year Built
1975
Construction
metal building
Listing Agency:
Star Properties Real Estate
Listed By:
Jasen Hardison · License #442_1
(956) 458-1696
Source:
Troygilesrealty
Added: Jul 21
Changed: Sep 8
Last Checked: Sep 7 at 10:48AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$61,590
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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
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
