Modern Plaza in Prime
For Sale
Contact for pricing
4000 N Westgate Drive, Weslaco, TX 78599
Commercial plaza built in 2023, suitable for retail or office.
Property Size7,384 SF
Price / SF$243.77
Days on Market712
Property Features for 4000 N Westgate Drive
General Information
Standard status
Active
Size
7,384 SF
Total Parking Spaces
30
Property subtype
Land
Building Details
Year Built
2023
Listing Agency:
SANETI Realty Group
Listed By:
Jose Mendez
(956) 215-1125
Source:
Crexi
Added: Nov 2, 2024
Changed: Sep 14
Last Checked: Oct 12 at 4:36PM
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 SANETI Realty Group
Investment Insights
Based on property information with market context.
This commercial plaza, constructed in 2023, is situated in a prime location, offering convenient access to the expressway and proximity to a thriving business community. The property features modern architecture and versatile spaces suitable for various retail or office applications. Currently, a successful daycare occupies the property with 2 years remaining on its lease. The property is designed to attract high foot traffic and provides excellent visibility. Ample parking and easy access enhance its appeal. The property, with a size of 7384 square feet, is positioned to capitalize on the area's growing demand, making it suitable for businesses seeking to establish themselves in a bustling location with strong growth potential.
Key Highlights
- Prime location minutes from the expressway and surrounded by a vibrant business community.
- Modern construction built in 2023 with contemporary architecture.
- Currently occupied by a successful daycare with 2 years remaining on its lease.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,700
Cap Rate
5.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,994,000
$2.0M
Cap Rate 7%
$1,424,286
$1.4M
Cap Rate 9%
$1,107,778
$1.1M
Market Conditions
NOI Build-Up for 7,384 SF
Gross rent
$151.5K $20.52/SF
− Vacancy
−$9.1K −$1.23/SF
EGI
$142.4K $19.29/SF
− OpEx
−$42.7K −$5.79/SF
NOI
$99.7K $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 Rate 5%
$1,994,000
Cap Rate 7%
$1,424,286
Cap Rate 9%
$1,107,778
Alternative Uses
Best Use
Retail
$1.42M
$1.25M – $1.66M
NOI $99,700 @ 7.0% cap · market cap 5.54%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$5.56M
$4.87M – $6.49M
NOI $389,321 @ 7.0% cap · market cap 21.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
35
Businesses Nearby
Balanced
Demand for This Use
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
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
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Frequently Asked Questions
What type of property is this?
Shopping center - Commercial plaza built in 2023, suitable for retail or office.
Where is this shopping center located?
The property is located at 4000 N Westgate Drive Weslaco, TX.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Prime location minutes from the expressway and surrounded by a vibrant business community.; Modern construction built in 2023 with contemporary architecture.; Currently occupied by a successful daycare with 2 years remaining on its lease.
