Retail Property Near Interstate
For Sale
Contact for pricing
Pending
900 N Border Ave, Weslaco, TX
4,470 SF retail property with development potential near expressway.
Property Size4,470 SF
Lot Size1.59 Acres
Days on Market299
Property Features for 900 N Border Ave
General Information
Standard status
Pending
Size
4,470 SF
Lot size
1.59 Acres
Property subtype
RETAIL
Listing Agency:
SVN | Hanna Solutions CRE
(956) 246-8812
Listed By:
Mario Mendiola
(956) 246-8812
Source:
Moodyscre
Added: Nov 4, 2025
Changed: Aug 9
Last Checked: Aug 29 at 4:44PM
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 SVN | Hanna Solutions CRE
Investment Insights
Based on property information with market context.
This 4,470 square foot retail property is situated on a 1.59-acre lot and is currently 100% leased. Zoned B-1 Neighborhood Business District, the property offers an added-value opportunity with space for additional retail development. Its corner location at Pike Blvd & N. Border Ave provides strong visibility and traffic counts. The property is located just 0.17 miles south of Interstate 2, offering quick access to the expressway. Caddy-corner from Weslaco High School and surrounded by dense residential neighborhoods, it is ideally suited for neighborhood retail, medical, or service-oriented users. This income-producing asset is situated in a high-demand trade area experiencing continued growth.
Key Highlights
- 100% Leased: Stable, income‑producing asset.
- Added‑Value Opportunity: Space for additional retail development.
- High Visibility & Traffic: Corner location at Pike Blvd & N. Border Ave.
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
$60,355
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
7.55%
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%
$1,207,100
$1.2M
Cap Rate 7%
$862,214
$862.2K
Cap Rate 9%
$670,611
$670.6K
Market Conditions
NOI Build-Up for 4,470 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
$91.7K $20.52/SF
− Vacancy
−$5.5K −$1.23/SF
EGI
$86.2K $19.29/SF
− OpEx
−$25.9K −$5.79/SF
NOI
$60.4K $13.50/SF
Area
Hidalgo County, TX
Vacancy
6.00%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
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%
$1,207,100
Cap Rate 7%
$862,214
Cap Rate 9%
$670,611
Alternative Uses
Best Use
Retail
$862.2K
$754.4K – $1.01M
NOI $60,355 @ 7.0% cap · market cap 7.55%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$3.37M
$2.95M – $3.93M
NOI $235,681 @ 7.0% cap · market cap 29.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
900
Businesses Nearby
268k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 25%
Home Improvements & Furnishings 9%
Superstores 8%
McDonald's
Dining
41,717 visits/mo
0.4 miles
Whataburger
Dining
33,945 visits/mo
0.5 miles
H-E-B Fuel
Shops & Services
26,903 visits/mo
0.4 miles
Panda Express
Dining
20,877 visits/mo
0.4 miles
Big Lots
Superstores
20,784 visits/mo
0.2 miles
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 4,470 SF retail property with development potential near expressway.
Where is this retail space located?
The property is located at 900 N Border Ave Weslaco, TX.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 100% Leased: Stable, income‑producing asset.; Added‑Value Opportunity: Space for additional retail development.; High Visibility & Traffic: **Corner location at Pike Blvd & N. Border Ave.**
