Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Commercial Land Opportunity Title is generated by Realmo AI

    720 E Expressway 83, La Joya, TX 78560

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Commercial land in growing hub with high visibility and accessibility.

    Type:Land
    Added:
    Nov 21, 2025
    Days on Market:
    195
    Last Refresh:
    May 9 at 2:38 am

    Property Features for 720 E Expressway 83

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Mike Blum

    Listing agent Mike Blum License #TX #426545

    Listing office NAI Rio Grande Valley | McAllen

    Listing date Nov 21, 2025

    Source Naiglobal

    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 NAI Rio Grande Valley | McAllen

    HighLights

    • Located on Interstate 2 for maximum visibility and accessibility.
    • Close proximity to La Joya Retail.
    • Near the future La Joya Bypass, enhancing connectivity.
    • Close proximity to La Joya ISD.
    • Zoned for commercial use, offering investment potential.
    • Seller is flexible and will entertain selling smaller parcels.

    Overview

    This commercial property is located in La Joya, TX. Zoned for commercial use, the parcel is strategically located on Interstate 2, offering investment potential. It is situated in close proximity to La Joya Retail and La Joya ISD. The future La Joya Bypass will provide added convenience. The seller is willing to entertain selling smaller parcels. The location is positioned for maximum visibility and accessibility. The area offers retail, dining, and entertainment options. The location is ripe for investment, embodying convenience and connectivity. La Joya is a burgeoning commercial and residential hub in the Rio Grande Valley.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    La Joya
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.3208
    Latitude
    26.1998

    Nearby Similar for Sale

    • $299,998
      2,912 SF

      La Joya Commercial Building

      2,912 SF commercial building, ideal for office or suites.
      844 E US Highway 83, La Joya, TX 78560
      View Details
    • $533,500
      2,122 SF

      Commercial Building on 1.61 Acres

      Commercial building on 1.61 acres in high-traffic location.
      348 W Expressway 83, La Joya, TX 78560
      View Details
    • $210,000
      4,756 SF

      Fully Occupied Triplex Opportunity

      Income-producing triplex with three units on two lots.
      241 W 4th Street W, La Joya, TX 78560
      View Details
    • $159,999

      La Joya Commercial Lot

      High-visibility commercial lot near schools in La Joya, TX.
      S Expressway 83, La Joya, TX 78560
      View Details
    • $399,000

      Prime Commercial Land on Expressway

      2-acre commercial tract on Expressway 83 in La Joya, TX.
      1012 Expressway 83, La Joya, TX 78560
      View Details
    • $660,000

      Former Storefront on US Highway

      Former Dollar Store property near schools, shopping, and dining.
      705 E. Expressway 83, La Joya, TX 78560
      View Details
    • $250,000

      La Joya Land For Sale

      8.07 acres in La Joya, Texas, ideal for development.
      Garza Avenue, La Joya, TX 78560
      View Details
    • $660,000
      7,848 SF

      Retail Property on US Highway

      Former Dollar Store property near schools, shopping, and dining.
      705 E. Expressway 83, La Joya, TX 78560
      View Details
    • $70,000

      Residential Lot in La Joya

      0.56 acre residential lot ready for your dream home.
      931 S Garza Avenue, La Joya, TX 78560
      View Details
    • $54,900

      Residential Lot in Palmshores

      Residential lot for sale, build your dream home!
      504 N Kika De La Garza Boulevard, La Joya, TX 78560
      View Details
    • $164,500

      La Joya Land For Sale

      Three-acre lot with utilities in place, ready for development.
      Villa Hermosa Drive, La Joya, TX 78574
      View Details
    • $55,000

      Land in La Joya, TX

      1.82 acres of land in La Joya, Texas.
      Military Road, La Joya, TX 78560
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land in growing hub with high visibility and accessibility.
    Where is this commercial land located?
    The property is located at 720 E Expressway 83 La Joya, TX.
    What are key features of this property?
    This property features: Located on Interstate 2 for maximum visibility and accessibility.; Close proximity to La Joya Retail.; Near the future La Joya Bypass, enhancing connectivity.
    (956) 451-5596
    We can help!
    Listing Contact
    Mike Blum
    Real Estate License ID: TX #426545
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    720 E Expressway 83, La Joya, TX 78560
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!