Mixed-Use Business
New
For Sale
Contact for pricing
2803 W Expressway 83, La Feria, TX 78559
A varied occupant base includes service, childcare, transportation, and automotive businesses.
Property Size66,000 SF
Price / SF$0.05
Days on Market2
Property Features for 2803 W Expressway 83
General Information
Standard status
Active
Size
66,000 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Tenancy & Operations
Tenant in Place
Yes
Real Estate Included
Yes
Additional Details
Automotive Uses
dealership/vehicle sales
Building Details
Year Built
2001
Tenancy
Multi
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 3:54PM
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 mixed-use commercial property encompasses 66,000 square feet and was built in 2001. Current businesses represent martial arts, roofing, childcare, transportation, automobile sales, and industrial equipment services.
The property is in La Feria, Texas, off IH-2/Expressway 83.
The property is in La Feria, Texas, off IH-2/Expressway 83.
Key Highlights
- 66,000 SF mixed‑use property
- Built in 2001
- Located off IH‑2/Expressway 83 in La Feria, Texas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$668,250
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,365,000
$13.4M
Cap Rate 7%
$9,546,429
$9.5M
Cap Rate 9%
$7,425,000
$7.4M
Market Conditions
NOI Build-Up for 66,000 SF
Gross rent
$1.19M $18.00/SF
− Vacancy
−$118.8K −$1.80/SF
EGI
$1.07M $16.20/SF
− OpEx
−$401.0K −$6.07/SF
NOI
$668.3K $10.13/SF
Area
Cameron County, TX
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,365,000
Cap Rate 7%
$9,546,429
Cap Rate 9%
$7,425,000
Alternative Uses
Best Use
Mixed Use
$9.55M
$8.35M – $11.14M
NOI $668,250 @ 7.0% cap · market cap 20,404.58%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$11.36M
$9.94M – $13.26M
NOI $795,485 @ 7.0% cap · market cap 24,289.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
87
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A varied occupant base includes service, childcare, transportation, and automotive businesses.
Where is this mixed-use property located?
The property is located at 2803 W Expressway 83 La Feria, TX.
What are key features of this property?
This property features: 66,000 SF mixed‑use property; Built in 2001; Located off IH‑2/Expressway 83 in La Feria, Texas
