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    1515 Expy 83 Hwy Penitas, TX 78576

    • Commercial real estate
    • 2,720 SF
    • 0.51 lot acres
    For Sale
    View listing
    $375,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1515 Expy 83 Hwy

    Year built
    1993
    Lot size
    0.51 lot acres
    Property size
    2,720 SF
    Property type
    Commercial real estate

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Penitas
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.4467
    Latitude
    26.2444

    Comparable in this City

    • Value Estimation by Request

      2001 Us-83

      Land
      2001 Us-83, Penitas, TX 78576
      View Details
    • Value Estimation by Request
      3,248 SF

      2110 Expressway 83

      Commercial real estate • 3,248 SF
      2110 Expressway 83, Penitas, TX 78576
      View Details
    • Value Estimation by Request
      10.00 Acres

      Of Tom Gill Rd

      COMMERCIAL (GENERAL) • 10.00 Acres
      Of Tom Gill Rd, Penitas, TX 78576
      View Details
    • Value Estimation by Request
      0.18 Acres

      Salida Del Sol

      COMMERCIAL (GENERAL) • 0.18 Acres
      Salida Del Sol, Penitas, TX 78576
      View Details
    • Value Estimation by Request
      0.08 Acres

      Tom Gill Rd

      COMMERCIAL (GENERAL) • 0.08 Acres
      Tom Gill Rd, Penitas, TX 78576
      View Details
    • Value Estimation by Request
      3,952 SF

      Penitas, TX 78576

      COMMERCIAL (GENERAL) • 3,952 SF
      Penitas, TX 78576
      View Details

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    Similar Nearby for Lease

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      New retail plaza designed for small business success.
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    Penitas, TX 78576
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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