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    La Joya, TX Mission, TX Palmview, TX Sullivan City, TX Edinburg, TX Palmhurst, TX Mcallen, TX Alton, 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

      9.2%
      Above avg (5.9%)

    • Est. NOI

      $101K
      Annual

    • Price @ 7% Cap

      $1.44M
      Above asking

    • Property Type

      Neighborhood: Shopping Center, Strip Center, Enterprise Zone
      Built 1983
    View Property Analytics
    Based on your search, we've compiled 35 Potential Opportunities for your consideration. Besides 1 Active listings in Penitas, TX, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 26 Off-Market properties to explore as potential leads, 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

    844 E US Highway 83, La Joya, TX 78560

    $299,998
    2,912 sqft 0.18 AC lot

    2,912 SF office building previously used as a school with flexible room layout and ample paved, handicap-accessible parking.

    View details
    Multi-Suite Retail/Office Plaza
    Multi-Suite Retail/Office Plaza

    2210 E Expressway 83, Mission, TX 78572

    $1,150,000
    3,560 sqft

    Modern plaza with three distinct suites, suited for retail, office, or service uses, with parking and access to major roads.

    View details
    Prime Commercial Land on Expressway
    Prime Commercial Land on Expressway

    1012 Expressway 83, La Joya, TX 78560

    $399,000
    2.00 AC lot

    2-acre commercial tract on Expressway 83 in La Joya, TX.

    View details
    Expressway Frontage Commercial Property
    Expressway Frontage Commercial Property

    7710 W Expressway 83, Mission, TX 78572

    Contact for pricing
    1,800 sqft

    Commercial building with warehouse, suitable for retail or daycare.

    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.

    Commercial Land in Mission, Texas
    Commercial Land in Mission, Texas

    1512 W Business 83 Highway, Mission, TX 78572

    $185,000
    0.51 AC lot

    Prime commercial property in a growing area of Mission, Texas.

    View details
    Commercial Land with Highway Frontage
    Commercial Land with Highway Frontage

    332 & 334 W Loop 374 Highway, Sullivan City, TX 78572

    $275,000
    0.46 AC lot

    Two commercial lots sold as one package with frontage and visibility along Expressway 83 and secondary access from Valles Street.

    View details
    Corner Lot in Mission, TX
    Corner Lot in Mission, TX

    4631 N Bentsen Palm Drive, Mission, TX 78574

    $140,000
    0.72 AC lot

    Versatile corner lot suitable for residential or commercial development.

    View details
    Prime Development Land in Mission, TX
    Prime Development Land in Mission, TX

    950 N Inspiration Road, Mission, TX 78572

    $700,000
    0.97 AC lot

    High-visibility 0.97-acre development opportunity with expressway access.

    View details

    Off-Market Properties in Penitas, TX

    Consider similar Off-Market properties in Penitas, TX. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    39614 Mile 7th Rd
    OFFICE BUILDING

    39614 Mile 7th Rd, Penitas, TX 78576-7515

    $795,000
    Estimated value
    12,780 sqft 0.90 AC lot
    View details
    Tom Gill Rd
    OFFICE BUILDING

    Tom Gill Rd, Penitas, TX 78576

    Value Estimation by Request
    2,040 sqft 0.51 AC lot
    View details
    1710 Arboledas Dr
    OFFICE BUILDING

    1710 Arboledas Dr, Penitas, TX 78576-8214

    Value Estimation by Request
    3,676 sqft 0.50 AC lot
    View details
    Penitas, TX 78576
    OFFICE BUILDING

    Penitas, TX 78576

    Value Estimation by Request
    2,215 sqft 0.51 AC lot
    View details
    Main
    OFFICE BUILDING

    Main, Penitas, TX 78576

    $500,000
    Estimated value
    7,792 sqft 5.00 AC lot
    View details
    500 Tom Gill Rd
    OFFICE BUILDING

    500 Tom Gill Rd, Penitas, TX 78576-8001

    Value Estimation by Request
    3,372 sqft 1.02 AC lot
    View details
    416 Tom Gill Rd
    OFFICE BUILDING

    416 Tom Gill Rd, Penitas, TX 78576-8617

    Value Estimation by Request
    2,080 sqft 0.51 AC lot
    View details
    17927 Washington Palm Dr
    OFFICE BUILDING

    17927 Washington Palm Dr, Penitas, TX 78576-8523

    Value Estimation by Request
    2,825 sqft 0.50 AC lot
    View details
    38719 7th Mile Line
    OFFICE BUILDING

    38719 7th Mile Line, Penitas, TX 78576

    Value Estimation by Request
    2,800 sqft 0.51 AC lot
    View details
    3 Mile Rd
    OFFICE BUILDING

    3 Mile Rd, Penitas, TX 78576

    Value Estimation by Request
    1,654 sqft 1.83 AC lot
    View details
    2001 Mile 3rd Rd
    OFFICE BUILDING

    2001 Mile 3rd Rd, Penitas, TX 78576

    Value Estimation by Request
    1,040 sqft 0.57 AC lot
    View details
    17926 Sago Palm Dr
    OFFICE BUILDING

    17926 Sago Palm Dr, Penitas, TX 78576-8257

    Value Estimation by Request
    1,750 sqft 0.75 AC lot
    View details
    2016 Expy 83
    OFFICE BUILDING

    2016 Expy 83, Penitas, TX 78576-2252

    Value Estimation by Request
    2,810 sqft 0.20 AC lot
    View details
    348 Expy 83
    OFFICE BUILDING

    348 Expy 83, Penitas, TX 78576

    Value Estimation by Request
    2,122 sqft 1.61 AC lot
    View details
    Swsw Ih2
    OFFICE BUILDING

    Swsw Ih2, Penitas, TX 78576

    Value Estimation by Request
    2,666 sqft 0.18 AC lot
    View details
    Expy 83
    OFFICE BUILDING

    Expy 83, Penitas, TX 78576

    Value Estimation by Request
    2,120 sqft 0.50 AC lot
    View details
    Mile 7th Rd, Unit 6
    OFFICE BUILDING

    Mile 7th Rd, Penitas, TX 78576

    Unit 6
    Value Estimation by Request
    320 sqft 1.98 AC lot
    View details
    101 Buena Vis St
    Office Spaces

    101 Buena Vis St, Penitas, TX 78576

    Value Estimation by Request
    View details
    1420 Expy 83 Hwy
    Office Spaces

    1420 Expy 83 Hwy, Penitas, TX 78576

    Value Estimation by Request
    7.52 AC lot
    View details
    3429 Tom Gill Rd
    Office Spaces

    3429 Tom Gill Rd, Penitas, TX 78576

    Value Estimation by Request
    2.49 AC lot
    View details
    1111 Main St
    OFFICE BUILDING

    1111 Main St, Penitas, TX 78576

    Value Estimation by Request
    6,919 sqft 0.45 AC lot
    View details
    507 Main St
    OFFICE BUILDING

    507 Main St, Penitas, TX 78576-7415

    Value Estimation by Request
    1,876 sqft 4.00 AC lot
    View details
    2020 Expy 83
    OFFICE BUILDING

    2020 Expy 83, Penitas, TX 78576-2235

    Value Estimation by Request
    822 sqft 0.29 AC lot
    View details

    Penitas, TX Office Spaces Market Trends and Statistics

    Explore 27 office spaces 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 office spaces in Penitas, TX average $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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    Map

    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 $516.2K

    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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