Mixed-Use Business
New
For Sale
Contact for pricing
2811 W Expressway 83, La Feria, TX 78559
Its tenant roster includes service businesses, childcare, transportation, automotive sales, and industrial-equipment operations.
Property Size66,000 SF
Price / SF$0.03
Days on Market2
Property Features for 2811 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 3:53PM
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
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.
Located in La Feria, Closner Business Park is a 66,000 SF mixed-use property built in 2001. Its tenant mix includes martial arts, roofing, day care, transportation, automobile sales, and industrial-equipment services.
The property is off IH-2/Expressway 83 at 2811 W Expressway 83.
The property is off IH-2/Expressway 83 at 2811 W Expressway 83.
Key Highlights
- 66,000 SF business park
- Built in 2001
- Tenant mix includes martial arts, roofing, day care, transportation, automobile sales, and industrial‑equipment services
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$628,024
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,560,480
$12.6M
Cap Rate 7%
$8,971,771
$9.0M
Cap Rate 9%
$6,978,044
$7.0M
Market Conditions
NOI Build-Up for 66,000 SF
Gross rent
$950.4K $14.40/SF
− Vacancy
−$53.2K −$0.81/SF
EGI
$897.2K $13.59/SF
− OpEx
−$269.2K −$4.08/SF
NOI
$628.0K $9.52/SF
Area
Cameron County, TX
Vacancy
5.60%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,560,480
Cap Rate 7%
$8,971,771
Cap Rate 9%
$6,978,044
Alternative Uses
Best Use
Mixed Use
$9.55M
$8.35M – $11.14M
NOI $668,250 @ 7.0% cap · market cap 35,640.00%
Second Best
Retail
$8.97M
$7.85M – $10.47M
NOI $628,024 @ 7.0% cap · market cap 33,494.61%
Theoretical Best
Healthcare Medical
$11.36M
$9.94M – $13.26M
NOI $795,485 @ 7.0% cap · market cap 42,425.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Its tenant roster includes service businesses, childcare, transportation, automotive sales, and industrial-equipment operations.
Where is this mixed-use property located?
The property is located at 2811 W Expressway 83 La Feria, TX.
What are key features of this property?
This property features: 66,000 SF business park; Built in 2001; Tenant mix includes martial arts, roofing, day care, transportation, automobile sales, and industrial‑equipment services
