Office-Warehouse with
236 MILE 2 1/2 WEST Weslaco, TX 78599
236 MILE 2 1/2 WEST, Weslaco, TX, 78599
$824,000
For Sale
$824,000
8,160 sf office/warehouse built in ±2010 with a front office/reception area and 3 overhead metal doors.
Property Size8,160 SF
Lot Size7.45 Acres
Price / SF$100.98
Days on Market740
Property Features for 236 MILE 2 1/2 WEST
General Information
- Standard status
- Active
- Size
- 8,160 SF
- Lot size
- 7.45 Acres
- Property subtype
- General Commercial
Building Details
- Year Built
- 2010
Listing agency
CHRE Cindy Hopkins Real Estate
(956) 778-3255
Listed by
Cynthia Hopkins · License #0508052
(956) 778-3255
Source
Xome
Added: Jul 14, 2024 Updated: Jul 21 at 7:06PM Checked: Jul 22 at 3:45AM
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 CHRE Cindy Hopkins Real Estate
Investment Insights
Based on property information with market context.
This office/warehouse building totals 8,160 square feet and was built in approximately 2010. The office and reception area is located toward the front of the building and totals 2,122 square feet, with drywall interior partitions over metal framing, ceramic tile flooring, suspended acoustical ceiling tiles, and fluorescent light fixtures. A 2,137 square foot mezzanine sits over the office/reception area, including a 403 square foot office room and 1,733 square feet of mezzanine space. The warehouse area includes a pitched metal roof, reinforced concrete slab foundation, commercial grade windows, and an exposed concrete floor served by three overhead metal doors.
The property is situated on approximately 7.45 acres of stabilized land in the Mid-Valley area near Weslaco, Texas, about 14 miles from Interstate 2.
The property is situated on approximately 7.45 acres of stabilized land in the Mid-Valley area near Weslaco, Texas, about 14 miles from Interstate 2.
Key Highlights
- 8,160 SF office/warehouse built in c. 2010 on 7.45 acres of stabilized land in the Mid‑Valley area (Weslaco, TX)
- Front office/reception area is 2,122 SF with drywall partitions over metal framing, ceramic tile flooring, and fluorescent light fixtures
- Warehouse area is 6,038 SF with pitched metal roof, reinforced concrete slab foundation, commercial‑grade windows, and exposed concrete floor
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.6k | $8.04 |
| − Vacancy | −$4.3k | −$0.52 |
| EGI | $61.3k | $7.52 |
| − OpEx | −$9.2k | −$1.13 |
| NOI | $52.1k | $6.39 |
8,160 SF · lease $8.04/SF/yr · vacancy 6.50% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.95M
$1.71M – $2.27M
NOI $136,493 @ 7.0% cap · market cap 16.56%
Second Best
Warehouse
$744.9K
$651.8K – $869.0K
NOI $52,141 @ 7.0% cap · market cap 6.33%
Theoretical Best
Hotel Hospitality
$6.15M
$5.38M – $7.17M
NOI $430,236 @ 7.0% cap · market cap 52.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Providence Transport llc
Trucking Company
Ithaca Towing Company ...
Auto Repair Shop
Ithaca
Auto Repair Shop
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FAQs
What type of property is this?
Flex space - 8,160 sf office/warehouse built in ±2010 with a front office/reception area and 3 overhead metal doors.
Where is this flex space located?
The property is located at 236 MILE 2 1/2 WEST Weslaco, TX.
What is the asking price?
The asking price for this property is $824,000.
What are key features of this property?
This property features: 8,160 SF office/warehouse built in c. 2010 on 7.45 acres of stabilized land in the Mid‑Valley area (Weslaco, TX); Front office/reception area is 2,122 SF with drywall partitions over metal framing, ceramic tile flooring, and fluorescent light fixtures; Warehouse area is 6,038 SF with pitched metal roof, reinforced concrete slab foundation, commercial‑grade windows, and exposed concrete floor
