Commercial Land with Existing
For Sale
$400,000
3117 E Pike Boulevard, Weslaco, TX 78599
Redevelopment site with an older office structure, storage areas, paved surfaces, and concrete pads.
Property Size1,148 SF
Price / SF$348.43
Days on Market47
Property Features for 3117 E Pike Boulevard
General Information
Standard status
Active
Size
1,148 SF
Building Details
Year Built
1983
Listing Agency:
JPAR North Metro
Listed By:
Mark S. Wells · License #523858
(956) 789-0812
Source:
Aregtx
Added: Sep 1
Changed: Oct 16
Last Checked: Oct 7 at 2:33PM
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 JPAR North Metro
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Investment Insights
Based on property information with market context.
This 0.92-acre commercial land parcel includes an older office building, storage areas, asphalt, and concrete pads. The existing improvements can support interim use while the property is repositioned for redevelopment. The office structure was built in 1983.
The site is located on Pike Blvd just north of FM 1015, between the expressway and established retail activity. Sam’s Club is under construction immediately north of the property, adding a significant commercial development to the immediate setting. County zoning is identified as flexible, and the property is positioned along a corridor described as connecting Expressway 83 with retail and international traffic.
The site is located on Pike Blvd just north of FM 1015, between the expressway and established retail activity. Sam’s Club is under construction immediately north of the property, adding a significant commercial development to the immediate setting. County zoning is identified as flexible, and the property is positioned along a corridor described as connecting Expressway 83 with retail and international traffic.
Key Highlights
- 0.92‑acre commercial land parcel
- Existing office building, storage areas, asphalt, and concrete pads
- Built in 1983
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,203
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$384,060
$384.1K
Cap Rate 7%
$274,329
$274.3K
Cap Rate 9%
$213,367
$213.4K
Market Conditions
NOI Build-Up for 1,148 SF
Gross rent
$35.3K $30.72/SF
− Vacancy
−$9.7K −$8.42/SF
EGI
$25.6K $22.30/SF
− OpEx
−$6.4K −$5.58/SF
NOI
$19.2K $16.73/SF
Area
Hidalgo County, TX
Vacancy
27.40%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$384,060
Cap Rate 7%
$274,329
Cap Rate 9%
$213,367
Alternative Uses
Best Use
Office B
$274.3K
$240.0K – $320.1K
NOI $19,203 @ 7.0% cap · market cap 4.80%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$864.7K
$756.6K – $1.01M
NOI $60,528 @ 7.0% cap · market cap 15.13%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
208
Businesses Nearby
Explore this area
Business Placement
Demographics for 78599, TX
32,500
Population
9,945
Households
3.3
Avg Household Size
29
Median Age
16%
College-Educated
67%
High-School Grad
26.5 sq mi
ZIP Area
1,226
Density / Sq Mi
$55,939
Median Household Income
$27,841
Median Earnings
$954
Median Rent
$113,300
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Commercial land - Redevelopment site with an older office structure, storage areas, paved surfaces, and concrete pads.
Where is this commercial land located?
The property is located at 3117 E Pike Boulevard Weslaco, TX.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 0.92‑acre commercial land parcel; Existing office building, storage areas, asphalt, and concrete pads; Built in 1983
