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    623 International Blvd Weslaco, TX 78596

    For Sale
    $992,000

    Prime Weslaco office, 7,488 SF, income producing.

    Property size:
    7,488 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional investment opportunity presents a 7,488-square-foot traditional office building situated on a two-acre lot in Weslaco, Texas. The property, located at 623 S International Blvd, boasts a strategic location between Business 83 and Interstate 2, providing easy access to the Progreso International Bridge (8 miles away) and Weslaco Mid Valley Regional Airport (3 miles). The building, constructed in 1989, currently enjoys 100% occupancy with a lease expiring June 29, 2024. This lease provides a strong income stream for the buyer until the lease expiration. The tenant has historically been a government entity or contractor. In addition to the office space, the property includes 6,814 square feet of covered parking and garages, complemented by paved parking and a secure gated fence. The asking price is $992,000, translating to $132.48 per square foot. This owner-user investment presents a rare opportunity to acquire a well-maintained, income-producing property in a high-traffic area with excellent access to major transportation routes and the Mexican border. The property's history of government tenancy suggests stability and potential for long-term lease renewals.

    Property Features for 623 International Blvd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    7,488 SF
    Lot Size
    87,120 SF

    Building Details

    Year Built
    1989

    HighLights

    • 7,488 SF office building on a 2‑acre lot in Weslaco, TX.
    • Located at 623 S International Blvd, offering excellent access to major transportation routes.
    • 100% occupied with lease expiring June 2024, providing strong current income.
    • Features 6,814 SF of covered parking and garages, plus paved parking and secured fencing.
    • Asking price: $992,000 ($132.48/SF).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mercedes BPS Car Dealer

    Suggested Use

    Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Gym & Fitness Skin Care Clinic Pharmacy Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Weslaco
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.956946
    Latitude
    26.1541288

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Weslaco office, 7,488 SF, income producing.
    Where is this office property / space located?
    The property is located at 623 International Blvd Weslaco, TX.
    What is the asking price?
    The asking price for this property is $992,000.
    What are key features of this property?
    This property features: 7,488 SF office building on a 2-acre lot in Weslaco, TX.; Located at 623 S International Blvd, offering excellent access to major transportation routes.; 100% occupied with lease expiring June 2024, providing strong current income.
    (956) 969-8648
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    623 International Blvd Weslaco, TX 78596
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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
    623 International Blvd Weslaco, TX 78596
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