Two-Story Restaurant and Event
For Sale
$5,250,000
5112 W Expressway 83, McAllen, TX 78501
C3-zoned facility includes a commercial kitchen, dining areas, and separate passenger and service elevators.
Property Size26,500 SF
Price / SF$198.11
Days on Market8
Property Features for 5112 W Expressway 83
General Information
Standard status
Active
Size
26,500 SF
Total Parking Spaces
180
Property subtype
Commercial
Zoning
C3
Taxes and HOA fees
Annual Taxes
$100,273
Building Details
Building Size
26,500 SF
Year Built
2016
Buildings
1
Stories
2
Construction
steel-framed masonry
Listing Agency:
JUST REALTY
Listed By:
Monica M Rodriguez Garza
(956) 655-8906
Source:
Justrealty
Added: Oct 22
Changed: Oct 27
Last Checked: Oct 26 at 4:05AM
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 JUST REALTY
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Investment Insights
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Built in 2016, this two-level restaurant and event property has a steel frame with masonry construction. Its 26,500-square-foot upper floor contains dining areas, restrooms, a commercial kitchen, and two full-service bars. The C3 zoning is also noted for the property.
A ground-level parking garage follows the footprint of the upper floor and provides 180 parking spaces. Two elevators serve different functions—one for guests and one for service—and multiple stairwells provide additional circulation.
A ground-level parking garage follows the footprint of the upper floor and provides 180 parking spaces. Two elevators serve different functions—one for guests and one for service—and multiple stairwells provide additional circulation.
Key Highlights
- 26,500‑square‑foot upper‑level space
- Two full‑service bars and a commercial kitchen
- 180 parking spaces in a ground‑floor garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$405,259
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,105,180
$8.1M
Cap Rate 7%
$5,789,414
$5.8M
Cap Rate 9%
$4,502,878
$4.5M
Market Conditions
NOI Build-Up for 26,500 SF
Gross rent
$572.4K $21.60/SF
− Vacancy
−$32.1K −$1.21/SF
EGI
$540.3K $20.39/SF
− OpEx
−$135.1K −$5.10/SF
NOI
$405.3K $15.29/SF
Area
McAllen, TX
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,105,180
Cap Rate 7%
$5,789,414
Cap Rate 9%
$4,502,878
Alternative Uses
Best Use
Specialty Retail
$5.79M
$5.07M – $6.75M
NOI $405,259 @ 7.0% cap · market cap 7.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.20M
$6.30M – $8.40M
NOI $503,712 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
612
Businesses Nearby
Balanced
Demand for This Use
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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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - C3-zoned facility includes a commercial kitchen, dining areas, and separate passenger and service elevators.
Where is this conventional restaurant located?
The property is located at 5112 W Expressway 83 McAllen, TX.
What is the asking price?
The asking price for this property is $5,250,000.
What are key features of this property?
This property features: 26,500‑square‑foot upper‑level space; Two full‑service bars and a commercial kitchen; 180 parking spaces in a ground‑floor garage
