Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2400 Expressway 83 Mission, TX 78572

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    2.68 acres, 58 parking spaces

    Lot size:
    10,062 SF

    Property Features for 2400 Expressway 83

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,062 SF

    Spaces For Lease

    at 2400 Expressway 83, Mission, TX 78572 Contact us
    Unit

    $20 /Mo

    Size
    10,062 SF
    Contact us

    We can help!

    Listing Contact
    Jaime Lee Gonzalez
    Jaime Lee Gonzalez

    Listing Agency: RGV Venture Capital, LP d/b/a Keller Williams Realty - RGV Listing Agent: Jaime Lee Gonzalez

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 2.68-acre commercial land parcel presents a unique investment opportunity in Penitas, Texas. Located at the high-traffic intersection of Business 83 and US Highway 83, this property boasts unparalleled visibility and accessibility. The site offers a substantial 10,062 square feet of land, perfectly suited for a variety of commercial uses. Imagine establishing a thriving carpentry business, heavy equipment operation, mechanic shop, or concrete company on this expansive lot. The property includes 58 parking spaces, providing ample room for customers, employees, and delivery vehicles or the storage of heavy equipment. The convenient location and generous parking make this an ideal site for businesses requiring significant space and high visibility. The property's APN is L077500000000100. This is a single-tenant property, offering complete control and flexibility for the future owner. Don't miss this chance to secure a prime commercial location in a rapidly growing area. The property is zoned for commercial use and ready for immediate development. This is a rare opportunity to acquire a substantial land parcel in a strategic location with excellent potential for growth and return on investment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center 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
    Mission
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.3517513
    Latitude
    26.2209667

    Nearby Similar for Lease

    • $24 SF/Yr
      9,998 SF

      Retail Space in Plaza Emmanuel

      Retail space available in high-traffic Mission, Texas location.
      10211 Mile 7 Rd, Mission, TX 78573
      View Details
    • $20 SF/Yr
      9,998 SF

      Mission Retail Space For Lease

      Retail space available in high-traffic Mission location.
      10211 Mile 7 Rd, Mission, TX 78573
      View Details
    • $18 SF/Yr
      18,853 SF

      Retail Strip Center in Mission

      High-traffic retail center with flexible leasing opportunities.
      1600 N Conway Ave, Mission, TX 78572
      View Details
    • $18 SF/Yr
      18,853 SF

      Retail Strip Center in Mission

      High-traffic retail center with flexible leasing opportunities.
      1600 N Conway Ave, Mission, TX 78572
      View Details
    • New
      $2,100 /Mo
      1,750 SF

      Mission, TX Commercial Space

      1,750 sq ft space ideal for office or retail.
      2419 E Griffin Pkwy, Mission, TX 78572
      View Details
    • $750 /Mo
      1,376 SF

      Retail/Office Space in Mission, TX

      888 sqft commercial space perfect for retail or office.
      2217 W Palma Vista Dr, Mission, TX 78572
      View Details
    • $1,500 /Mo
      1,692 SF

      Mission, TX Commercial Property

      Adaptable commercial space in Mission, TX, suitable for various businesses.
      104 N Mayberry Rd, Mission, TX 78573
      View Details
    • $3,366 /Mo
      3,366 SF

      Mission, TX Commercial Space

      Commercial space in a mixed-use plaza near Expressway 83.
      1352 E 1St St, Mission, TX 78572
      View Details
    • $5,500 /Mo
      4,587 SF

      Versatile Commercial Space For Lease

      4,587 sq ft commercial space suitable for various businesses.
      1154 Expressway 83, Mission, TX 78572
      View Details
    • $3,369 /Mo
      2,450 SF

      High-Visibility Retail Space Available

      Retail space with high traffic and expansion options.
      4322 N Conway Ave, Mission, TX 78573
      View Details
    • $2,750 /Mo
      10,584 SF

      Premier Office Space in Mission

      Coveted professional address with dual access and sculpted gardens.
      1112 E Griffin Pkwy, Mission, TX 78572
      View Details
    • $2,500 /Mo
      4,071 SF

      Retail Space in Mission, TX

      Retail space with high traffic, near shopping and amenities.
      1708 N Conway Ave, Mission, TX 78572
      View Details

    FAQs

    What type of property is this?
    Land - 2.68 acres, 58 parking spaces
    Where is this land located?
    The property is located at 2400 Expressway 83 Mission, TX.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: 2.68-acre commercial land parcel in Penitas, Texas.; High-traffic intersection of Business 83 and US Highway 83, offering excellent visibility and accessibility.; 10,062 square feet of land, suitable for various commercial uses.
    (956) 566-8377 Call to check price and availability
    Request Owner's contact information
    2400 Expressway 83 Mission, TX 78572
    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.
    2400 Expressway 83
    Mission, TX 78572
    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
    2400 Expressway 83 Mission, TX 78572
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jaime Lee Gonzalez
    Jaime Lee Gonzalez
    (956) 566-8377 (956) 928-1155 (956) 599-8400
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!