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    Penitas, TX
    Medical Premises

    Penitas, TX Medical Office Space for Sale

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    La Joya, TX Mission, TX Palmview, TX Sullivan City, TX Edinburg, TX Palmhurst, TX Alton, TX Mcallen, TX
    Strip Mall with Expansion Land
    Updated: Apr 7
    Strip Mall with Expansion Land

    1312 Expressway 83, Penitas, TX 78576

    $1,100,000
    6,820 sqft 1.76 AC lot
    Approx. 6,820 SF commercial strip building on approx. 1.76 acres with building and parking lot plus additional vacant land
    Recent uses include medical clinic, pharmacy/retail, and office/insurance space
    Immediate access from East‑Bound Expressway 83 and Buenavista Street in Penitas
    Built in 1983 with brick construction and a tile and flat roof
    Heating: zoned central electric systems; cooling: zoned central air (electric)
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    This listing looks promising.

    Here's a quick look at some key insights for

    1312 Expressway 83, Penitas, TX 78576

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    • Est. Cap Rate

      8.4%
      Above avg (5.9%)

    • Est. NOI

      $92K
      Annual

    • Mortgage

      $1.17M
      Recorded

    • Property Type

      Neighborhood: Shopping Center, Strip Center, Enterprise Zone
      Built 1983
    View Property Analytics
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Penitas, TX, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Medical Office Building with Parking
    Medical Office Building with Parking

    1022 E Griffin Parkway, Mission, TX 78572

    $600,000
    2,400 sqft 0.17 AC lot

    Medical office building with a lobby, multiple work stations/exam rooms, and several interior offices, plus ample parking.

    View details
    Prime Commercial Tract on Ware
    Prime Commercial Tract on Ware

    S Ware Road, Mcallen, TX 78504

    $2,995,000
    7.15 AC lot

    7+/- acre commercial tract in McAllen's high-growth corridor.

    View details
    Medical Office Building with Lobby
    Medical Office Building with Lobby

    1022 E Griffin Parkway # B ##104 B, Mission, TX 78572

    $650,000
    2,400 sqft

    Medical office space with reception, multiple exam or work rooms, and ample parking in Mission.

    View details
    McAllen Assisted Living Conversion Opportunity
    McAllen Assisted Living Conversion Opportunity

    4513 W US Highway 83, Mcallen, TX 78501

    $950,000
    8,040 sqft

    8,040 SF McAllen building suitable for various commercial uses.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Commercial Lot in McAllen
    Prime Commercial Lot in McAllen

    4029 Expressway 83, Mcallen, TX 78501

    $1,300,000
    0.95 AC lot

    Vacant commercial lot with high visibility and traffic exposure.

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    Development Land at Major Intersection
    Development Land at Major Intersection

    6801 Saratoga, Corpus Christi, TX 78414

    $6,250,000
    15.48 AC lot

    For sale development land at the Airline Road and Saratoga Boulevard intersection with utilities available nearby.

    View details
    Prime Commercial Lot Available
    Prime Commercial Lot Available

    7151 Williams DR, Corpus Christi, TX 78412

    $1,945,000
    3.00 AC lot

    Over 3-acre commercial lot at a busy intersection.

    View details
    Land
    Land

    2778 FM 236, Victoria, TX 77905

    $419,885
    5.93 AC lot

    Commercial land · 5.93 Acres

    View details

    Penitas, TX Medical Office Space Market Trends and Statistics

    Explore 1 medical office space for sale in Penitas, TX on our real estate platform. These investment opportunities span a total of 6,820 square feet of properties for sale, with an estimated market value of $1,100,000.

    Sale prices for medical spaces in Penitas, TX start at $1,100,000, averaging $1,100,000, and reaching up to $1,100,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Office Units 2
    Medical Office Space 1

    Demographics Overview

    Population 14K
    Population Growth (5Y) +26.7%
    Median Household Income $48,205
    College Educated 8.6%

    High-Yield Neighborhoods for Investment

    Identify Penitas submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    78576 $1.1M

    Taxes & Financing

    Tax Rate (average for all types) 2.50%
    Property Tax per SF $63.66 per SF
    Tax Rate vs County Average 0.14 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Hidalgo County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Hidalgo County

    Retail

    Office

    Residential Income

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