Flex Space with Finished
New
For Sale
Contact for pricing
2504/2506 Expressway 83, Mission, TX 78572
A mix of conditioned office and warehouse areas is complemented by multiple overhead doors and paved exterior space.
Property Size22,120 SF
Price / SF$0.80
Days on Market3
Property Features for 2504/2506 Expressway 83
General Information
Standard status
Active
Size
22,120 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Office Build-Out
2,300 SF
Conditioned Warehouse
Yes
Building Details
Year Built
1989
Buildings
1
Building Size
22,120 SF
Construction
prefabricated metal panels
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Oct 31
Changed: Nov 1
Last Checked: Nov 1 at 1:45AM
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 SANETI REALTY GROUP
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 22,120-square-foot flex facility was built in 1989 and is divided into two primary sections. One section includes approximately 7,420 square feet of air-conditioned office and warehouse space, with 2,300 square feet of finished offices. Prefabricated metal exterior panels and glass-fronted entrances define the building, while multiple overhead doors provide access for deliveries and vehicle movement.
The property is located off the Expressway 83 frontage. Asphalt paving and concrete flatwork provide exterior areas for parking, loading, and maneuvering.
The property is located off the Expressway 83 frontage. Asphalt paving and concrete flatwork provide exterior areas for parking, loading, and maneuvering.
Key Highlights
- 22,120 square feet of total building area
- Approximately 7,420 square feet of air‑conditioned office and warehouse space, including 2,300 square feet of finished offices
- Multiple overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,085
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,161,700
$2.2M
Cap Rate 7%
$1,544,071
$1.5M
Cap Rate 9%
$1,200,944
$1.2M
Market Conditions
NOI Build-Up for 22,120 SF
Gross rent
$177.8K $8.04/SF
− Vacancy
−$11.6K −$0.52/SF
EGI
$166.3K $7.52/SF
− OpEx
−$58.2K −$2.63/SF
NOI
$108.1K $4.89/SF
Area
Hidalgo County, TX
Vacancy
6.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,161,700
Cap Rate 7%
$1,544,071
Cap Rate 9%
$1,200,944
Alternative Uses
Best Use
Warehouse
$2.02M
$1.77M – $2.36M
NOI $141,342 @ 7.0% cap · market cap 798.72%
Second Best
Industrial
$1.66M
$1.45M – $1.94M
NOI $116,399 @ 7.0% cap · market cap 657.77%
Theoretical Best
Hotel Hospitality
$16.66M
$14.58M – $19.44M
NOI $1,166,277 @ 7.0% cap · market cap 6,590.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
283
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78572, TX
78,280
Population
32,696
Households
2.4
Avg Household Size
36
Median Age
25%
College-Educated
75%
High-School Grad
53.7 sq mi
ZIP Area
1,458
Density / Sq Mi
$54,029
Median Household Income
$30,004
Median Earnings
$900
Median Rent
$121,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Decoco Tea & Coffee — 1100 E Loop 374 unit c, Palmview, TX 78572
Frequently Asked Questions
What type of property is this?
Flex space - A mix of conditioned office and warehouse areas is complemented by multiple overhead doors and paved exterior space.
Where is this flex space located?
The property is located at 2504/2506 Expressway 83 Mission, TX.
What are key features of this property?
This property features: 22,120 square feet of total building area; Approximately 7,420 square feet of air‑conditioned office and warehouse space, including 2,300 square feet of finished offices; Multiple overhead doors
