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    221 Of Expy La Feria, TX 78559

    For Lease
    $7 SF/Yr

    1.63-acre lot, 14,100 sq ft, 70 parking spaces.

    Lot size:
    14,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional commercial property, located at 221 W Of Expressway 83 in La Feria, presents a unique investment opportunity. The 1.63-acre lot encompasses three separate parcels, each with its own legal description, offering flexibility and potential for diverse development. The property is zoned C and features a total of 70 parking spaces, catering to a substantial workforce or clientele. With a total building area of 14,100 square feet, this site is suitable for a variety of uses, including manufacturing, executive office space, warehousing, and retail. The property's single-tenant occupancy provides a streamlined management structure. The three distinct parcels are identified by the following Geo IDs: 1) MINNESOTA-TEXAS IRRIGATION LAND CO BLOCK 51 PTS20, ACRES .909 (APN: 85-5380-0510-0504-00); 2) LA FERIA - EXPRESSWAY SUBD NO V E 1/2 LOT 10 & LOT 11 (APN: 85-5382-0000-0110-00); and 3) LA FERIA - EXPRESSWAY SUBD NO V LOT 9 & W 1/2 LOT 10 (APN: 85-5382-0000-0090-00). This prime location offers excellent accessibility and visibility, making it an ideal choice for businesses seeking a strategic foothold in a thriving market. The property's size and zoning provide ample room for expansion and customization, allowing for a wide range of development possibilities.

    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
    $7

    HighLights

    • 1.63‑acre land parcel with three separate legal descriptions.
    • Single‑tenant occupancy.
    • 14,100 square feet of space.
    • 70 parking spaces.
    • C‑zoned.
    • APN: 8553800510050400 (and associated APNs).
    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-acre lot, 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 $7 SF/Yr.
    What are key features of this property?
    This property features: 1.63-acre land parcel with three separate legal descriptions.; Single-tenant occupancy.; 14,100 square feet of space.
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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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