Retail and Office Building with
3222 West Expressway 83 Weslaco, TX 78596
3222 West Expressway 83, Weslaco, TX, 78596
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For Sale
Contact for pricing
Two-story retail/office building plus separate warehouse with large overhead doors on a corner lot near Expressway 83.
Property Size12,754 SF
Lot Size6.75 Acres
Price / SF$274.42
Days on Market20
Property Features for 3222 West Expressway 83
General Information
- Standard status
- Active
- Size
- 12,754 SF
- Lot size
- 6.75 Acres
- Property subtype
- Retail, Land
Building Details
- Year Built
- 1980
Listing agency
First American Realty Company
(956) 682-3000
Listed by
Charles Marina
Source
Crexi
Added: Jul 2 Updated: Jul 20 at 6:43PM Checked: Jul 20 at 6:43PM
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 First American Realty Company
Investment Insights
Based on property information with market context.
This property features a two-story building totaling approximately 9,504 square feet, configured with a large open ground-floor area and several offices, bathrooms, and a high overhead door. A separate warehouse on-site provides approximately 3,250 square feet with large overhead doors and a bathroom.
Located at the corner of north Midway Road and Expressway 83 in Weslaco, Texas, the site benefits from high-traffic visibility and accessibility from the expressway.
The overall site area is approximately 6.75 acres, offering flexibility for commercial use with both a retail/office structure and an independent warehouse component.
Located at the corner of north Midway Road and Expressway 83 in Weslaco, Texas, the site benefits from high-traffic visibility and accessibility from the expressway.
The overall site area is approximately 6.75 acres, offering flexibility for commercial use with both a retail/office structure and an independent warehouse component.
Key Highlights
- 6.75‑acre corner property at the intersection of N Midway Rd & Expressway 83 with high traffic exposure
- Two‑story building with approximately 9,504 SF for retail or office, including a large open ground floor area and several offices
- Includes multiple bathrooms and a high overhead door in the 9,504 SF two‑story retail/office building
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $391.8k | $30.72 |
| − Vacancy | −$107.4k | −$8.42 |
| EGI | $284.4k | $22.30 |
| − OpEx | −$71.1k | −$5.58 |
| NOI | $213.3k | $16.73 |
12,754 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.05M
$2.67M – $3.56M
NOI $213,337 @ 7.0% cap · market cap 6.10%
Second Best
Retail
$2.46M
$2.15M – $2.87M
NOI $172,207 @ 7.0% cap · market cap 4.92%
Theoretical Best
Hotel Hospitality
$9.61M
$8.41M – $11.21M
NOI $672,455 @ 7.0% cap · market cap 19.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Two-story retail/office building plus separate warehouse with large overhead doors on a corner lot near Expressway 83.
Where is this retail space located?
The property is located at 3222 West Expressway 83 Weslaco, TX.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 6.75‑acre corner property at the intersection of N Midway Rd & Expressway 83 with high traffic exposure; Two‑story building with approximately 9,504 SF for retail or office, including a large open ground floor area and several offices; Includes multiple bathrooms and a high overhead door in the 9,504 SF two‑story retail/office building
