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3701 W Expressway 83, McAllen, TX 78501
The 2019-built property sits in a dense retail district with access to major arterial roads and I-2.
Property Size3,000 SF
Price / SF$2.66
Days on Market2
Property Features for 3701 W Expressway 83
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2019
Listing Agency:
Texus Realty
Listed By:
Israel Gutierrez · License #0558344
(512) 846-9332
Source:
Texusrealty
Added: Nov 1
Changed: Nov 2
Last Checked: Nov 2 at 2:41AM
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 Texus Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2019, this shopping center is located in McAllen’s retail district. The property information lists a size of 3,000, without specifying a unit of measurement.
The site is surrounded by retail development and has access to major arterial roads, including I-2.
The site is surrounded by retail development and has access to major arterial roads, including I-2.
Key Highlights
- Built in 2019
- Listed property size: 3,000; unit of measurement not specified
- Access to major arterial roads and I‑2
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,820
Suggested Prices Based on Cap Rates
Cap Rate 5%
$856,400
$856.4K
Cap Rate 7%
$611,714
$611.7K
Cap Rate 9%
$475,778
$475.8K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$64.8K $21.60/SF
− Vacancy
−$3.6K −$1.21/SF
EGI
$61.2K $20.39/SF
− OpEx
−$18.4K −$6.12/SF
NOI
$42.8K $14.27/SF
Area
McAllen, TX
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$856,400
Cap Rate 7%
$611,714
Cap Rate 9%
$475,778
Alternative Uses
Best Use
Retail
$611.7K
$535.3K – $713.7K
NOI $42,820 @ 7.0% cap · market cap 536.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$814.6K
$712.8K – $950.4K
NOI $57,024 @ 7.0% cap · market cap 714.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
376
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 78501, TX
60,817
Population
24,807
Households
2.5
Avg Household Size
37
Median Age
27%
College-Educated
77%
High-School Grad
15.5 sq mi
ZIP Area
3,924
Density / Sq Mi
$49,451
Median Household Income
$29,092
Median Earnings
$943
Median Rent
$149,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Shops at 29 — 2800 W Expy 83, McAllen, TX 78501
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- Coin Cloud Bitcoin ATM — 2700 W Expy 83 Suite 200, McAllen, TX 78501
Frequently Asked Questions
What type of property is this?
Shopping center - The 2019-built property sits in a dense retail district with access to major arterial roads and I-2.
Where is this shopping center located?
The property is located at 3701 W Expressway 83 McAllen, TX.
What are key features of this property?
This property features: Built in 2019; Listed property size: 3,000; unit of measurement not specified; Access to major arterial roads and I‑2
