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    221 Of Expy La Feria, TX 78559

    For Lease
    $13 SF/Yr

    1.63 Acres, 14,100 sq ft, 70 Parking Spaces

    Lot size:
    14,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional commercial property in La Feria, Texas, presents a unique investment opportunity. Situated at 221 W Of Expressway 83, this 1.63-acre lot encompasses a 14,100 square foot building suitable for diverse commercial uses, including manufacturing, executive office space, and warehousing. The property's zoning is classified as "C," offering flexibility for various business ventures. Ample parking is provided with 70 spaces available. The property consists of three separate parcels, each with its own legal description, offering potential for individual development or combined use. The three parcels are identified by their respective Geo IDs and APN numbers: 1) MINNESOTA-TEXAS IRRIGATION LAND CO BLOCK 51 PTS20, ACRES.909 | 85-5380-0510-0504-00

    Property Features for 221 Of Expy

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,100 SF

    Unit(s) available at that property

    Space
    Size
    14,100 SF
    Rate per SF
    $13

    HighLights

    • 1.4‑acre lot with a 14,100 square foot building in La Feria, TX.
    • Suitable for manufacturing, office, or warehousing uses.
    • C zoning allows for flexible commercial development.
    • 70 parking spaces available.
    • Property comprises three separate parcels with individual legal descriptions.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Map

    City
    La Feria
    County
    Cameron
    State
    Texas
    Longitude
    -97.8259039
    Latitude
    26.1648168

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    FAQs

    What type of property is this?
    Distribution property - 1.63 Acres, 14,100 sq ft, 70 Parking Spaces
    Where is this distribution property located?
    The property is located at 221 Of Expy La Feria, TX.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: 1.4-acre lot with a 14,100 square foot building in La Feria, TX.; Suitable for manufacturing, office, or warehousing uses.; C zoning allows for flexible commercial development.
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    221 Of Expy La Feria, TX 78559
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