2900 E US Highway 281 Hidalgo, TX 78557
Strip mall with restaurant, retail, office, and warehouse spaces.
- Added:
- Nov 11, 2023
- Days on Market:
- 976
- Last Refresh:
- May 13 at 8:24 pm
Property Features for 2900 E US Highway 281
General Information
- Standard status
- Active
- Size
- 8,360 SF
- Property subtype
- Land, Retail, Industrial
Building Details
- Year Built
- 2004
Listing office Dillard and Chapa Real Estate (956) 271-2600
Listing date Nov 11, 2023
Source Crexi
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 Dillard and Chapa Real Estate
Investment Insights
Based on property information with market context.
Key Highlights
- Highway 281 Location: High‑visibility location on a major highway
- Mixed‑Use Property: Includes restaurant, retail/office spaces, and warehouse
- 5,000 SF Warehouse: Substantial warehouse space for storage or distribution
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.2k | $8.04 |
| − Vacancy | −$4.4k | −$0.52 |
| EGI | $62.8k | $7.52 |
| − OpEx | −$9.4k | −$1.13 |
| NOI | $53.4k | $6.39 |
