Listing Agency: Eric Real Estate Group, LLC

Listed By: Eric I. Jimenez Show Phone

Source: Exprealty

Added: Jun 8 Changed: Oct 5 Last Checked: Oct 12 at 10:10PM

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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 Eric Real Estate Group, LLC

Investment Insights

Based on property information with market context.

This prime industrial property operates as a load and unload warehouse facility on more than 15 acres, with an office space and ample yard area for trucking, logistics, and warehousing. The improvements include a truck scale, supporting loading and unloading operations, as well as continued logistics, distribution, or agricultural use.

The property is located near the Progreso International Bridge and Donna International Bridge, providing convenient access to cross-border transportation routes. It also sits within Hidalgo County’s Overweight Corridor Program, where qualifying trucks can haul up to 125,000 lbs., and it has convenient access to U.S. Highway 281/I-69C.

Key Highlights

• Over 15 acres operating as a load and unload warehouse facility
• Includes a truck scale, office space, and ample yard area for logistics, warehousing, and distribution
• Located in Hidalgo County’s Overweight Corridor Program allowing qualified trucks to haul up to 125,000 lbs

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$87,215

Cap Rate

9.18%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,744,300 $1.7M

Cap Rate 7%

$1,245,929 $1.2M

Cap Rate 9%

$969,056 $969.1K

Market Conditions

NOI Build-Up for 16,574 SF

Gross rent

$133.3K $8.04/SF

− Vacancy

−$8.7K −$0.52/SF

EGI

$124.6K $7.52/SF

− OpEx

−$37.4K −$2.26/SF

NOI

$87.2K $5.26/SF

Area

Hidalgo County, TX

Vacancy

6.50%

Lease Rate

$8.04 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,744,300

Cap Rate 7%

$1,245,929

Cap Rate 9%

$969,056

Alternative Uses

Best Use

Warehouse

$1.51M

$1.32M – $1.77M (±1% cap)

NOI $105,904 @ 7.0% cap · market cap 11.15%

Second Best

Industrial

$1.25M

$1.09M – $1.45M (±1% cap)

NOI $87,215 @ 7.0% cap · market cap 9.18%

Theoretical Best

Hotel Hospitality

$12.48M

$10.92M – $14.56M (±1% cap)

NOI $873,864 @ 7.0% cap · market cap 91.99%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Santana Waste Management Waste Management Facility

Suggested Use

Top Pick Furniture & Home Goods Dental Office Auto Parts Store Building Supply Grocery & Convenience Store Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

42

Businesses Nearby

Explore this area Business Placement

Demographics for 78596, TX

37,329

Population

15,824

Households

2.4

Avg Household Size

36

Median Age

21%

College-Educated

75%

High-School Grad

40.1 sq mi

ZIP Area

931

Density / Sq Mi

$53,797

Median Household Income

$31,618

Median Earnings

$917

Median Rent

$92,800

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this distribution centers located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Distribution center - Warehouse and yard site with office space and truck scale, positioned for logistics and distribution near key border bridges.

Where is this distribution center located?

The property is located at 3019 S Gonzalez Rd Progreso Lks, TX.

What is the asking price?

The asking price for this property is $950,000.

What are key features of this property?

This property features: Over 15 acres operating as a load and unload warehouse facility; Includes a truck scale, office space, and ample yard area for logistics, warehousing, and distribution; Located in Hidalgo County’s Overweight Corridor Program allowing qualified trucks to haul up to 125,000 lbs