Automotive Service and Retail
For Sale
$850,000
3500 E Expressway 83, Weslaco, TX 78596
Flex-style building with a front retail area and a back service/storage space, with direct expressway access and parking.
Property Size4,500 SF
Price / SF$188.89
Days on Market77
Property Features for 3500 E Expressway 83
General Information
Standard status
Active
Size
4,500 SF
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$8,657
Listing Agency:
BIG Realty
(956) 465-0011
Listed By:
Victor Fuentes · License #574075
(956) 432-1351
Source:
Exprealty
Added: Jun 23
Changed: Aug 21
Last Checked: Sep 6 at 2:06PM
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 BIG Realty
Investment Insights
Based on property information with market context.
For sale: a 4,500 SF flex-style commercial building designed to support both front-end customer-facing retail and back-end operational needs. The property includes a spacious service area with ample room for product display, customer interaction, and storage. The large back service area is equipped to accommodate automotive, industrial, or similar operations, providing a practical layout for day-to-day service work and inventory storage.
The site is positioned right off the main expressway, with visibility and accessibility intended to support customer traffic. The property also offers plenty of parking and direct expressway access for convenient arrival and departure.
Owner financing is available. Please note the billboard sign is not included.
The site is positioned right off the main expressway, with visibility and accessibility intended to support customer traffic. The property also offers plenty of parking and direct expressway access for convenient arrival and departure.
Owner financing is available. Please note the billboard sign is not included.
Key Highlights
- Flex‑style commercial building with front retail area and back service/storage space
- Located with direct expressway access for convenient customer entry
- Spacious back service area suitable for automotive, industrial, or similar 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
Industrial
$338.3K
$296.0K – $394.7K
NOI $23,680 @ 7.0% cap · market cap 2.79%
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
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
299
Businesses Nearby
Well-served
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.
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Frequently Asked Questions
What type of property is this?
Auto shop - Flex-style building with a front retail area and a back service/storage space, with direct expressway access and parking.
Where is this auto shop located?
The property is located at 3500 E Expressway 83 Weslaco, 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: Flex‑style commercial building with front retail area and back service/storage space; Located with direct expressway access for convenient customer entry; Spacious back service area suitable for automotive, industrial, or similar operations
