Flex Service and Storage
For Sale
$850,000
3500 E Expressway 83, Donna, TX 78596
COMMERCIAL - Donna, TX
Property Size4,500 SF
Lot Size0.75 Acres
Price / SF$188.89
Days on Market26
Property Features for 3500 E Expressway 83
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
45
Security features
Security System
Appliances
Water Heater (Other)
Subdivision
La Blanca A
Directions
Corner of Expressway 83 & Midway st
Standard status
Active
APN
L040000024000400
Size
4,500 SF
Lot size
0.75 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8657
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1982
Floors in Building
1
Listing Agency:
BIG Realty
(956) 465-0011
Listed By:
Victor Fuentes · License #574075
(956) 432-1351
Added: Jul 14
Changed: Aug 4
Last Checked: Aug 8 at 8:06PM
MLS# 507911
Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale flex building in Donna, Texas includes a spacious front area intended for retail or customer-facing service, with a large back service area configured for operations requiring storage and workspace. The property is described as accommodating both front-end retail services and back-end operations, with ample room for product display, customer interaction, and storage.
The site is positioned right off the main expressway, with access and visibility intended to support business traffic. The property listing notes plenty of parking space and direct expressway access, and owner financing is available. Lot size is 0.75 acres, with 4,500 square feet of building area.
A billboard sign is mentioned as not included in the sale.
The site is positioned right off the main expressway, with access and visibility intended to support business traffic. The property listing notes plenty of parking space and direct expressway access, and owner financing is available. Lot size is 0.75 acres, with 4,500 square feet of building area.
A billboard sign is mentioned as not included in the sale.
Key Highlights
- High‑traffic commercial property with direct access right off the main expressway
- Spacious back service area with room for product display, customer interaction, and storage
- Large back service area well‑suited for automotive or industrial‑type operations
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$60,760
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,215,200
$1.2M
Cap Rate 7%
$868,000
$868.0K
Cap Rate 9%
$675,111
$675.1K
Market Conditions
NOI Build-Up for 4,500 SF
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.
Gross rent
$92.3K $20.52/SF
− Vacancy
−$5.5K −$1.23/SF
EGI
$86.8K $19.29/SF
− OpEx
−$26.0K −$5.79/SF
NOI
$60.8K $13.50/SF
Area
Hidalgo County, TX
Vacancy
6.00%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,215,200
Cap Rate 7%
$868,000
Cap Rate 9%
$675,111
Alternative Uses
Best Use
Retail
$868.0K
$759.5K – $1.01M
NOI $60,760 @ 7.0% cap · market cap 7.15%
Second Best
Warehouse
$410.8K
$359.4K – $479.2K
NOI $28,754 @ 7.0% cap · market cap 3.38%
Theoretical Best
Hotel Hospitality
$3.39M
$2.97M – $3.95M
NOI $237,263 @ 7.0% cap · market cap 27.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
132
Businesses Nearby
Balanced
Demand for This Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Right off the expressway, the building offers front retail/service space and a large back service and storage area.
Where is this flex space located?
The property is located at 3500 E Expressway 83 Donna, TX.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: High‑traffic commercial property with direct access right off the main expressway; Spacious back service area with room for product display, customer interaction, and storage; Large back service area well‑suited for automotive or industrial‑type operations
