Listed By: Ernest Garza Show Phone

Source: Cbre

Added: Sep 11 Changed: Oct 29 Last Checked: Oct 28 at 5:12AM

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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 Ernest Garza

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Investment Insights

Based on property information with market context.

This 6,400-square-foot retail property at 5511 North Texas Boulevard in Weslaco is occupied by NAPA Auto Parts, a national automotive replacement-parts brand operated by Genuine Parts Company. The facility serves professional mechanics, commercial fleets, and retail customers through its automotive parts operation.

The current lease runs through November 30, 2027. Recent capital work includes parking-lot seal coating completed in December 2024 and installation of a new TPO roof in May 2025, providing updated site and building components for continued retail use.

Key Highlights

• 6,400‑square‑foot automotive retail facility
• Occupied by NAPA Auto Parts, operated by Genuine Parts Company
• Corporate lease extends through November 30, 2027

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$86,414

Cap Rate

8.68%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,728,280 $1.7M

Cap Rate 7%

$1,234,486 $1.2M

Cap Rate 9%

$960,156 $960.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,400 SF

Gross rent

$131.3K $20.52/SF

− Vacancy

−$7.9K −$1.23/SF

EGI

$123.4K $19.29/SF

− OpEx

−$37.0K −$5.79/SF

NOI

$86.4K $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%

$1,728,280

Cap Rate 7%

$1,234,486

Cap Rate 9%

$960,156

Alternative Uses

Best Use

Retail

$1.23M

$1.08M – $1.44M (±1% cap)

NOI $86,414 @ 7.0% cap · market cap 8.68%

Second Best

—

—

no second resolved use

Theoretical Best

Hotel Hospitality

$4.82M

$4.22M – $5.62M (±1% cap)

NOI $337,440 @ 7.0% cap · market cap 33.91%

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

NAPA Auto Parts ... Auto Parts Store

Suggested Use

Top Pick Electrical Service Kitchen & Bath Showroom Plumbing Service Veterinary Clinic (Bike/Boat/Book/etc) Store Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,038

Businesses Nearby

339k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 41% Groceries 26% Shops & Services 22% Superstores 6%

H-E-B Groceries

87,129 visits/mo 0.4 miles

McDonald's Dining

41,717 visits/mo 0.5 miles

Whataburger Dining

33,945 visits/mo 0.4 miles

H-E-B Fuel Shops & Services

26,903 visits/mo 0.4 miles

Panda Express Dining

20,877 visits/mo 0.3 miles

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 Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - Retail facility occupied by NAPA Auto Parts under a corporate lease extending through November 30, 2027.

Where is this retail space located?

The property is located at 511 North Texas Boulevard Weslaco, TX.

What is the asking price?

The asking price for this property is $995,000.

What are key features of this property?

This property features: 6,400‑square‑foot automotive retail facility; Occupied by NAPA Auto Parts, operated by Genuine Parts Company; Corporate lease extends through November 30, 2027