Expressway-Frontage Storefront
For Sale
$299,000
4037 W Expressway 83 #155, McAllen, TX 78503
Shell commercial space allows a business to configure the interior for office, medical, retail, or professional use.
Property Size1,744 SF
Price / SF$171.44
Days on Market79
Property Features for 4037 W Expressway 83 #155
General Information
Standard status
Active
Size
1,744 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2012
Listing Agency:
Casablanca Real Estate Of Texas, Llc.
Listed By:
Dulce Mascorro · License #801068309
(956) 624-4646
Source:
Tnt
Added: Jul 28
Changed: Oct 4
Last Checked: Oct 12 at 5:05PM
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 Casablanca Real Estate Of Texas, Llc.
Investment Insights
Based on property information with market context.
This 1,744-square-foot storefront shell provides an unfinished interior that can be tailored to the requirements of an office, medical practice, retail operation, or professional business. The space is identified as Suite 155 within a commercial property built in 2012.
Located at 4037 W Expressway 83 in McAllen, the property offers frontage along the expressway and sits among restaurants, retail businesses, hotels, and established commercial occupants. Its setting places customers and clients near a range of existing businesses and services.
The flexible shell condition gives an incoming occupant the ability to plan the interior around its specific operational needs rather than adapt an existing buildout.
Located at 4037 W Expressway 83 in McAllen, the property offers frontage along the expressway and sits among restaurants, retail businesses, hotels, and established commercial occupants. Its setting places customers and clients near a range of existing businesses and services.
The flexible shell condition gives an incoming occupant the ability to plan the interior around its specific operational needs rather than adapt an existing buildout.
Key Highlights
- 1,744 SF shell storefront space
- Expressway frontage at 4037 W Expressway 83, McAllen, TX 78503
- Interior can be customized for office, medical, retail, or professional use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,893
Cap Rate
8.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$497,860
$497.9K
Cap Rate 7%
$355,614
$355.6K
Cap Rate 9%
$276,589
$276.6K
Market Conditions
NOI Build-Up for 1,744 SF
Gross rent
$37.7K $21.60/SF
− Vacancy
−$2.1K −$1.21/SF
EGI
$35.6K $20.39/SF
− OpEx
−$10.7K −$6.12/SF
NOI
$24.9K $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%
$497,860
Cap Rate 7%
$355,614
Cap Rate 9%
$276,589
Alternative Uses
Best Use
Retail
$355.6K
$311.2K – $414.9K
NOI $24,893 @ 7.0% cap · market cap 8.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$473.6K
$414.4K – $552.5K
NOI $33,150 @ 7.0% cap · market cap 11.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
446
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78503, TX
23,604
Population
8,090
Households
2.9
Avg Household Size
35
Median Age
25%
College-Educated
71%
High-School Grad
19.2 sq mi
ZIP Area
1,229
Density / Sq Mi
$48,765
Median Household Income
$27,514
Median Earnings
$1,087
Median Rent
$130,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - Shell commercial space allows a business to configure the interior for office, medical, retail, or professional use.
Where is this storefront property located?
The property is located at 4037 W Expressway 83 #155 McAllen, TX.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 1,744 SF shell storefront space; Expressway frontage at 4037 W Expressway 83, McAllen, TX 78503; Interior can be customized for office, medical, retail, or professional use
