Warehouse with Covered
For Sale
$760,000
661 W Wisconsin Road, Donna, TX 78537
COMMERCIAL - Donna, TX
Property Size8,364 SF
Lot Size4.60 Acres
Price / SF$74.51
Days on Market94
Property Features for 661 W Wisconsin Road
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
12
Parking features
Covered
Exterior features
Manual Gate, Mature Trees, Workshop
Fencing
Gate
Appliances
Water Heater (None)
Subdivision
Zando
Directions
GPS: 661 W Wisconsin Rd, Donna, TX 78537, EE. UU. Head North on Val Verde Rd, pass Trenton Rd, turn Right on W Wisconsin rd, property will be on your right hand side. Look for sign.
Standard status
Active
APN
Z206000000000100
Size
10,200 SF
Lot size
4.60 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
5702
Building Details
Year built
2017
Floors in Building
1
Building materials
Aluminum Siding
Roof type
Metal
Additional Structures
Workshop
Listing Agency:
RE/MAX elite · RE/MAX International
(956) 583-2100
Listed By:
Cecilia Gonzales · License #767526
(956) 854-1444
Added: May 12
Changed: Aug 4
Last Checked: Aug 13 at 8:06AM
MLS# 504243
Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2017, this aluminum-sided warehouse offers 8,364 square feet of enclosed space along with an additional 1,836 square feet of covered canopy. The building has a metal roof, 25-foot ceilings, electricity throughout, and seven manual overhead doors with approximately 14-by-14-foot clearance. The structure measures 80 by 100 feet and includes plumbing ready for connection, plus areas designated for bathrooms and an office.
The property encompasses 4.60 acres in the Donna area and is enclosed by perimeter fencing with a gate. Four septic tanks are installed, with two positioned at the front and two inside the warehouse. City water and canal irrigation are available, and the property includes covered parking, mature trees, and workshop space. The parcel also carries an AG exemption on 3.14 acres.
The property encompasses 4.60 acres in the Donna area and is enclosed by perimeter fencing with a gate. Four septic tanks are installed, with two positioned at the front and two inside the warehouse. City water and canal irrigation are available, and the property includes covered parking, mature trees, and workshop space. The parcel also carries an AG exemption on 3.14 acres.
Key Highlights
- 8,364 SF warehouse plus 1,836 SF of covered canopy
- 4.60‑acre property in the Donna area
- Seven manual pull‑up doors with approximately 14‑by‑14‑foot clearance
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
Industrial
$766.8K
$670.9K – $894.6K
NOI $53,674 @ 7.0% cap · market cap 7.06%
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 - Metal warehouse with vehicle access, perimeter fencing, electrical service, and space planned for bathrooms and an office.
Where is this warehouse located?
The property is located at 661 W Wisconsin Road 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 SF warehouse plus 1,836 SF of covered canopy; 4.60‑acre property in the Donna area; Seven manual pull‑up doors with approximately 14‑by‑14‑foot clearance
