Concrete Block Flex
For Sale
$120,000
BUSINESS 83, La Feria, TX 78559
Commercial Sale, LA FERIA, TX
Property Size1,250 SF
Lot Size0.51 Acres
Price / SF$96
Days on Market139
Property Features for BUSINESS 83
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
RABB HEIGHTS
Standard status
Active
Size
1,250 SF
Lot size
0.51 Acres
Building Details
Year built
1960
Floors in Building
1
Listing Agency:
KELLER WILLIAMS LRGV · Keller Williams Realty
(956) 423-8877
Listed By:
Gracie Sanchez
(956) 703-1666
Added: May 28
Changed: Sep 10
Last Checked: Oct 13 at 3:06PM
MLS# 29776767
Copyright © 2026 Rio Grande Valley Multiple Listing Service Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,250-square-foot flex space is a concrete block building constructed in 1960. The interior features an open configuration, while the property includes parking, a fenced entrance, and a broad access area. The layout offers room for customization and expansion, with the source information identifying potential uses including warehouse, mechanic shop, storage, and small business operations.
The property is located at Business 83 in La Feria, Texas, with access to main roads and surrounding businesses. The site measures approximately 125 feet of frontage, 119 feet across the rear, and side depths of approximately 175 feet and 213 feet. Its commercial setting and open building arrangement support a range of owner-user or investor applications described in the property information.
The property is located at Business 83 in La Feria, Texas, with access to main roads and surrounding businesses. The site measures approximately 125 feet of frontage, 119 feet across the rear, and side depths of approximately 175 feet and 213 feet. Its commercial setting and open building arrangement support a range of owner-user or investor applications described in the property information.
Key Highlights
- 1,250‑square‑foot concrete block building constructed in 1960
- Approximately 125 ft frontage and 119 ft rear width
- Side depths of approximately 175 ft and 213 ft
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,693
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$213,860
$213.9K
Cap Rate 7%
$152,757
$152.8K
Cap Rate 9%
$118,811
$118.8K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$16.7K $13.32/SF
− Vacancy
−$200 −$0.16/SF
EGI
$16.5K $13.16/SF
− OpEx
−$5.8K −$4.61/SF
NOI
$10.7K $8.55/SF
Area
Cameron County, TX
Vacancy
1.20%
Lease Rate
$13.32 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$213,860
Cap Rate 7%
$152,757
Cap Rate 9%
$118,811
Alternative Uses
Best Use
Flex RnD
$152.8K
$133.7K – $178.2K
NOI $10,693 @ 7.0% cap · market cap 8.91%
Second Best
Warehouse
$101.4K
$88.8K – $118.4K
NOI $7,101 @ 7.0% cap · market cap 5.92%
Theoretical Best
Healthcare Medical
$215.2K
$188.3K – $251.1K
NOI $15,066 @ 7.0% cap · market cap 12.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
231
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 78559, TX
12,533
Population
5,047
Households
2.5
Avg Household Size
37
Median Age
14%
College-Educated
72%
High-School Grad
36.3 sq mi
ZIP Area
345
Density / Sq Mi
$48,117
Median Household Income
$31,927
Median Earnings
$985
Median Rent
$99,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Open commercial layout with parking, fenced entry, and wide access area.
Where is this flex space located?
The property is located at BUSINESS 83 La Feria, TX.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: 1,250‑square‑foot concrete block building constructed in 1960; Approximately 125 ft frontage and 119 ft rear width; Side depths of approximately 175 ft and 213 ft
