Industrial Flex
For Sale
$1,700,000
2118 Vo-tech Drive, Weslaco, TX 78599
Commercial Sale, Weslaco, TX
Property Size8,300 SF
Lot Size9.72 Acres
Price / SF$204.82
Days on Market49
Property Features for 2118 Vo-tech Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
I
Parking
100
Parking features
Covered
Appliances
Electric Water Heater, Water Heater (Other)
Subdivision
Mid-Valley Industrial Park
Lot features
Industrial Park
Directions
N Airport Drive, right on Pike left on Vo Tech, property will be on the East side.
Standard status
Active
APN
W380000001000012
Size
8,300 SF
Lot size
9.72 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
32196
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Building Details
Year built
2013
Floors in Building
1
Building materials
Stucco
Roof type
Metal, Shingle
Listing Agency:
Alliance Real Estate Group
(956) 340-4633
Listed By:
Fernando Jaime Pacheco · License #9003075
(956) 212-1095
Added: Jul 21
Changed: Sep 5
Last Checked: Sep 7 at 1:06AM
MLS# 461519
Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This industrial flex property includes 8,300 square feet of combined warehouse and office space on 9.72 acres. The improvements were built in 2013 and feature stucco construction with both metal and shingle roofing. Covered parking is available on site.
Located at 2118 Vo-tech Drive in Weslaco, Texas, the property is designated I zoning. Building systems include central air conditioning, electric cooling, and central electric heating, along with an electric water heater. The layout supports a combination of industrial operations, storage, and administrative functions within one property.
Located at 2118 Vo-tech Drive in Weslaco, Texas, the property is designated I zoning. Building systems include central air conditioning, electric cooling, and central electric heating, along with an electric water heater. The layout supports a combination of industrial operations, storage, and administrative functions within one property.
Key Highlights
- 8,300 square feet of warehouse and office space
- 9.72‑acre industrial property
- I zoning designation
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
$53,035
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
3.12%
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%
$1,060,700
$1.1M
Cap Rate 7%
$757,643
$757.6K
Cap Rate 9%
$589,278
$589.3K
Market Conditions
NOI Build-Up for 8,300 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
$66.7K $8.04/SF
− Vacancy
−$4.3K −$0.52/SF
EGI
$62.4K $7.52/SF
− OpEx
−$9.4K −$1.13/SF
NOI
$53.0K $6.39/SF
Area
Hidalgo County, TX
Vacancy
6.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
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%
$1,060,700
Cap Rate 7%
$757,643
Cap Rate 9%
$589,278
Alternative Uses
Best Use
Warehouse
$757.6K
$662.9K – $883.9K
NOI $53,035 @ 7.0% cap · market cap 3.12%
Second Best
Industrial
$623.9K
$546.0K – $727.9K
NOI $43,676 @ 7.0% cap · market cap 2.57%
Theoretical Best
Hotel Hospitality
$6.25M
$5.47M – $7.29M
NOI $437,618 @ 7.0% cap · market cap 25.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
166
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78599, TX
32,500
Population
9,945
Households
3.3
Avg Household Size
29
Median Age
16%
College-Educated
67%
High-School Grad
26.5 sq mi
ZIP Area
1,226
Density / Sq Mi
$55,939
Median Household Income
$27,841
Median Earnings
$954
Median Rent
$113,300
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 - I-zoned property combining warehouse capacity with dedicated office space for industrial and administrative operations.
Where is this flex space located?
The property is located at 2118 Vo-tech Drive Weslaco, TX.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 8,300 square feet of warehouse and office space; 9.72‑acre industrial property; I zoning designation
