4000 N Westgate Drive Weslaco, TX 78599
Commercial plaza built in 2023, suitable for retail or office.
- Added:
- Nov 2, 2024
- Days on Market:
- 620
- Last Refresh:
- May 12 at 9:49 pm
Property Features for 4000 N Westgate Drive
General Information
- Standard status
- Active
- Size
- 7,384 SF
- Property subtype
- Land
Building Details
- Year Built
- 2023
Listing office SANETI Realty Group
Listing date Nov 2, 2024
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 SANETI Realty Group
Investment Insights
Based on property information with market context.
Key Highlights
- Prime location minutes from the expressway and surrounded by a vibrant business community.
- Modern construction built in 2023 with contemporary architecture.
- Currently occupied by a successful daycare with 2 years remaining on its lease.
Local Financial Insights For Retail
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 | $151.5k | $20.52 |
| − Vacancy | −$9.1k | −$1.23 |
| EGI | $142.4k | $19.29 |
| − OpEx | −$42.7k | −$5.79 |
| NOI | $99.7k | $13.50 |
