Add Listing
    For Sale
    • 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

    7209 Mile 6 Weslaco, TX 78599

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

    8-Acre Commercial Property, Texas

    Property Features for 7209 Mile 6

    General Information

    Property type
    Retail properties & Spaces
    Lot Size
    359,414 SF

    Building Details

    Year Built
    2005

    We can help!

    Listing Contact
    Mario E. Baez
    Mario E. Baez

    Listing Agency: eXp Realty, LLC Listing Agent: Mario E. Baez

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 8.251-acre property in Weslaco, Texas, presents a unique investment opportunity. Located at 7209 N Mile 6 W, this prime commercial land boasts a substantial existing restaurant building spanning over 3,900 square feet, complete with a sizable outdoor area ideal for events. The property also includes a two-story, 1,600 square foot residential home featuring three bedrooms and two bathrooms. Built in 2005, this versatile property is situated at a high-traffic corner in a rapidly developing area of North Weslaco, offering excellent visibility and accessibility. The property's zoning allows for a variety of uses, including restaurant, bar, or potential subdivision development. Additional features include a horse stable and ample space for expansion or future development. The asking price is $999,000. This property is situated on the southwest corner of the intersection of Mile 12 and Mile 6 (Westgate), offering excellent visibility and access. The property is located in Hidalgo County, Texas, zip code 78599. This is a rare opportunity to acquire a substantial property with existing structures and significant development potential in a thriving area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Guero’s Bar Nightclub Pork Bellys (Formally ... Restaurant

    Suggested Use

    Restaurant Auto Repair Shop Hotel & Motel Gym & Fitness Center Accounting Firm Grocery & Convenience Store Bar & Pub Garden Center Travel Agency Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Weslaco
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.0084692
    Latitude
    26.2270556

    Nearby Similar for Sale

    • $900,000
      3,100 SF

      Turnkey Restaurant & Entertainment Space

      3,100 SF restaurant ready for immediate operation in Weslaco, TX.
      1015 S International Blvd, Weslaco, TX 78596
      View Details
    • $727,000
      5,243 SF

      Medical Building Near Knapp Medical

      Medical building next to Knapp Medical Center in Weslaco, TX.
      1412 E 8Th St, Weslaco, TX 78596
      View Details
    • $249,000
      1,864 SF

      Weslaco Commercial Property For Sale

      Commercial property in high-traffic area, ideal for various businesses.
      403 Pike Blvd, Weslaco, TX 78596
      View Details
    • $350,000
      4,704 SF

      Mixed-Use Property in Weslaco, TX

      Mixed-use property with three detached buildings in a prime location.
      319 E Los Torritos St, Weslaco, TX 78596
      View Details
    • $750,000
      7,738 SF

      Restaurant Building in High Traffic Area

      Large restaurant with indoor and outdoor dining in Weslaco.
      2708 N Texas Blvd, Weslaco, TX 78599
      View Details
    • $2,395,000
      19,200 SF

      Weslaco Plaza for Sale

      19,200 SF plaza on 1.75 acres in Weslaco, TX.
      1125 James St, Weslaco, TX 78596
      View Details
    • $350,000
      3,480 SF

      Income-Producing Four-Plex in Weslaco, TX

      Fully leased four-plex in high-demand area, generating steady income.
      Mile 11, Weslaco, TX 78599
      View Details
    • $350,000
      3,480 SF

      Income-Producing Fourplex in Weslaco, TX

      Fully leased fourplex in Weslaco, TX, generating steady income.
      3027 E Mile 11, Weslaco, TX 78599
      View Details
    • $489,000
      4,200 SF

      Weslaco Fourplex Investment Opportunity

      Well-maintained fourplex in Weslaco, TX with strong rental appeal.
      1631 Playa Dr, Weslaco, TX 78596
      View Details
    • $469,000
      4,080 SF

      New Gated Fourplex Community

      New fourplex community with modern finishes and spacious layouts.
      612 Oriole Rd, Weslaco, TX 78596
      View Details
    • $469,999
      4,080 SF

      New Weslaco Fourplex Investment Opportunity

      New construction fourplex in gated community near entertainment and shopping.
      700 Oriole Rd, Weslaco, TX 78596
      View Details
    • $479,000
      4,200 SF

      New Fourplexes in Weslaco, TX

      Modern fourplexes with immediate income potential in a growing area.
      2714 Primrose Dr, Weslaco, TX 78596
      View Details

    FAQs

    What type of property is this?
    Retail property - 8-Acre Commercial Property, Texas
    Where is this retail property located?
    The property is located at 7209 Mile 6 Weslaco, TX.
    What is the asking price?
    The asking price for this property is $999,000.
    What are key features of this property?
    This property features: 8.251-acre commercial land in Weslaco, TX, at 7209 N Mile 6 W.; Existing 3,900 sq ft restaurant building with large outdoor area.; Includes a 1,600 sq ft, 3 bed/2 bath residential home built in 2005.
    (888) 519-7431 Call to check price and availability
    Request Owner's contact information
    7209 Mile 6 Weslaco, TX 78599
    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.
    7209 Mile 6
    Weslaco, TX 78599
    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
    7209 Mile 6 Weslaco, TX 78599
    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 Mario E. Baez
    Mario E. Baez
    Real Estate License ID: 616428
    (888) 519-7431 (956) 827-0170
    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!