Freestanding Warehouse with Covered
For Sale
$760,000
661 W Wisconsin Rd, Donna, TX 78537
Fenced warehouse property with vehicle access, utility infrastructure, and space for office and restroom improvements.
Property Size10,200 SF
Lot Size4.60 Acres
Price / SF$74.51
Days on Market114
Property Features for 661 W Wisconsin Rd
General Information
Standard status
Active
Size
10,200 SF
Lot size
4.60 Acres
Site & Location
Fenced Yard
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
25 ft
Warehouse Space
8,364 SF
Drive-In Doors
7
Taxes and HOA fees
Annual Taxes
$5,702
Building Details
Year Built
2017
Buildings
1
Construction
aluminum
Listing Agency:
RE/MAX elite
(956) 583-2100
Listed By:
Cecilia Gonzales
(956) 854-1444
Source:
Exprealty
Added: May 12
Changed: Aug 31
Last Checked: Sep 1 at 11:09PM
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 RE/MAX elite
Investment Insights
Based on property information with market context.
This freestanding warehouse property includes 8,364 square feet of enclosed space and an additional 1,836 square feet of covered canopy area. Built in 2017, the aluminum structure has a metal roof, 25-foot ceilings, an 80-by-100-foot footprint, and electricity throughout. Seven manual pull-up doors provide vehicle access, with approximately 14-by-14-foot clearances. The building also includes designated areas for future bathrooms and office space, with plumbing ready for connection.
The property encompasses 4.60 acres and has 165 square feet of frontage. It is fully fenced with wood and smooth wire along the perimeter, extending back to the canal. Utility features include city water, canal irrigation, and four installed septic tanks—two at the front and two within the warehouse. An agricultural exemption applies to 3.14 acres.
The property encompasses 4.60 acres and has 165 square feet of frontage. It is fully fenced with wood and smooth wire along the perimeter, extending back to the canal. Utility features include city water, canal irrigation, and four installed septic tanks—two at the front and two within the warehouse. An agricultural exemption applies to 3.14 acres.
Key Highlights
- 8,364‑square‑foot warehouse plus 1,836 square feet of covered canopy
- 4.60‑acre property with 165 square feet of frontage
- 2017 aluminum building with metal roofing and 25 ft ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$65,176
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,303,520
$1.3M
Cap Rate 7%
$931,086
$931.1K
Cap Rate 9%
$724,178
$724.2K
Market Conditions
NOI Build-Up for 10,200 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$82.0K $8.04/SF
− Vacancy
−$5.3K −$0.52/SF
EGI
$76.7K $7.52/SF
− OpEx
−$11.5K −$1.13/SF
NOI
$65.2K $6.39/SF
Area
Hidalgo County, TX
Vacancy
6.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,303,520
Cap Rate 7%
$931,086
Cap Rate 9%
$724,178
Alternative Uses
Best Use
Warehouse
$931.1K
$814.7K – $1.09M
NOI $65,176 @ 7.0% cap · market cap 8.58%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$7.68M
$6.72M – $8.96M
NOI $537,795 @ 7.0% cap · market cap 70.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
25 ft
Clear height
7
Drive-in doors
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78537, TX
51,962
Population
16,683
Households
3.1
Avg Household Size
28
Median Age
10%
College-Educated
54%
High-School Grad
57.6 sq mi
ZIP Area
902
Density / Sq Mi
$36,331
Median Household Income
$20,354
Median Earnings
$744
Median Rent
$74,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - Fenced warehouse property with vehicle access, utility infrastructure, and space for office and restroom improvements.
Where is this warehouse located?
The property is located at 661 W Wisconsin Rd Donna, TX.
What is the asking price?
The asking price for this property is $760,000.
What are key features of this property?
This property features: 8,364‑square‑foot warehouse plus 1,836 square feet of covered canopy; 4.60‑acre property with 165 square feet of frontage; 2017 aluminum building with metal roofing and 25 ft ceilings
