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    505 Angelita Dr Weslaco, TX 78596

    For Sale
    $449,000

    7-Unit Retail Building, High Traffic Area

    Property size:
    3,410 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 3,410 square foot retail property, located at 505 Angelita Drive #7 in Weslaco, Texas, presents a lucrative investment opportunity. Built in 2005, this stucco building features a flat roof and composition shingle roofing. The property boasts a desirable end-cap location with ample common area parking, providing excellent visibility and accessibility. Situated between Texas Blvd and Westgate Drive, two of Weslaco's busiest thoroughfares, this location ensures high traffic volume and significant exposure. The property is currently leased to South Texas Fitness, generating a 7% cap rate with scheduled annual rent increases. The permitted zoning is C1, suitable for a variety of professional and medical businesses. The asking price is $449,000, translating to $131.67 per square foot. The property consists of seven units and is identified by APN R2436-00-00B-0007-00. The property's convenient location and strong tenant occupancy make it an attractive investment for discerning buyers seeking a stable and high-return commercial property in a thriving Texas market. This is a turnkey opportunity with a proven track record of success. The property is located in Hidalgo County, Texas, zip code 78596.

    Property Features for 505 Angelita Dr

    General Information

    Property type
    Retail properties
    Square Feet
    3,410 SF

    Building Details

    Year Built
    2005
    Units
    7

    HighLights

    • $449,000 asking price for a 3,410 SF retail property.
    • Located at 505 Angelita Drive #7, Weslaco, TX 78596.
    • Features 7 units, built in 2005, with C1 zoning.
    • $131.67/SF price per square foot.
    • Currently leased, yielding a 7% cap rate with scheduled annual rent increases.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ALL STX REHAB ... Chiropractor Alicia Castillo Speech Pathologist Seema Jabbar Pathologist Siegfried Pueblitz Pathologist William Neumann Pathologist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Weslaco
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.991986
    Latitude
    26.1385465

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    FAQs

    What type of property is this?
    Retail property - 7-Unit Retail Building, High Traffic Area
    Where is this retail property located?
    The property is located at 505 Angelita Dr Weslaco, TX.
    What is the asking price?
    The asking price for this property is $449,000.
    What are key features of this property?
    This property features: $449,000 asking price for a 3,410 SF retail property.; Located at 505 Angelita Drive #7, Weslaco, TX 78596.; Features 7 units, built in 2005, with C1 zoning.
    Request Owner's contact information
    505 Angelita Dr 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
    505 Angelita Dr Weslaco, TX 78596
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