Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1323 Beverly Ave Weslaco, TX 78596

    • Apartment buildings
    • 4,200 SF
    • 0.24 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 1323 Beverly Ave

    Year built
    2024
    Lot size
    0.24 lot acres
    Property size
    4,200 SF
    Property type
    Apartment buildings

    Description

    This exceptional fourplex, newly constructed in 2024, presents a compelling investment opportunity in the desirable Rio Stone subdivision of Weslaco, Texas. Situated on a 0.24-acre lot, this property boasts a total of 4,200 square feet and comprises two separate buildings. Each building features two units; one 3-bedroom, 2-bathroom unit and one 2-bedroom, 2-bathroom unit. The asking price is $489,900, translating to $116.64 per square foot. The property's prime location offers convenient access to Weslaco East High School and Knapp Medical Center, as well as a variety of shopping and dining options. This single-story building is located at 1323 Beverly Ave, Progreso Lakes, TX 78596 (APN: R3148-01-000-0008-00) and represents a rare chance to acquire a high-yield, multifamily property in a thriving Texas community. The modern design and spacious interiors of each unit are sure to attract tenants, ensuring a strong rental income stream. This turnkey investment is ready for immediate occupancy and offers a significant return on investment. Don't miss this chance to add a valuable asset to your portfolio. Contact us today to schedule a showing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Weslaco
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.992
    Latitude
    26.1385

    Comparable in this City

    • Value Estimation by Request

      2905 Charlie Rd

      Multifamily properties
      2905 Charlie Rd, Weslaco, TX 78596
      View Details
    • Value Estimation by Request

      308 Retama Ln

      Multifamily properties
      308 Retama Ln, Weslaco, TX 78596
      View Details
    • Value Estimation by Request

      400 Retama Ln

      Multifamily properties
      400 Retama Ln, Weslaco, TX 78596
      View Details
    • Value Estimation by Request

      1323 Beverly Ave

      Multifamily properties
      1323 Beverly Ave, Weslaco, TX 78596
      View Details
    • Value Estimation by Request

      2812 Charlie Rd

      Multifamily properties
      2812 Charlie Rd, Weslaco, TX 78596
      View Details
    • Value Estimation by Request
      2,620 SF

      1408 Pine St

      Multifamily properties • 2,620 SF
      1408 Pine St, Progreso Lakes, TX 78596
      View Details

    Similar Nearby for Sale

    • $475,000
      1,000 SF

      Weslaco Multifamily Investment Opportunity

      Four-unit apartment building, high-growth area.
      2602 Clearview St, Weslaco, TX 78596
      View Details
    • $445,000

      Weslaco Fourplex: Prime Investment

      New Construction, 4 Units, High ROI Potential
      2813 Charlie Rd, Weslaco, TX 78596
      View Details
    • $485,000

      Weslaco Fourplex: Prime Investment

      New Construction, 4 Units, High ROI Potential
      2905 Charlie Rd, Weslaco, TX 78596
      View Details
    • $495,000

      Weslaco Multifamily Investment Opportunity

      Fourplex, 4 Units, Excellent ROI
      2112 Redbud Ln, Weslaco, TX 78596
      View Details
    • $485,000

      Weslaco Fourplex: Prime Investment

      New Construction, 4 Units, High ROI Potential
      604 Dominion Dr, Weslaco, TX 78596
      View Details
    • $445,000

      Weslaco Fourplex: Prime Investment

      New Construction, 4 Units, High ROI
      2900 Delta Rd, Weslaco, TX 78596
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      2,750 SF

      Weslaco Commercial Land Opportunity

      Prime .48-acre lot, build-to-suit available.
      503 Illinois Ave, Weslaco, TX 78596
      View Details
    • $1,300 /Mo
      1,250 SF

      Versatile Commercial Space Available

      1,250 SF space ideal for office, retail, or medical.
      623 S Texas Blvd, Weslaco, TX 78596
      View Details
    • $15 SF/Yr
      3,600 SF

      Weslaco Retail Space for Lease

      High-traffic retail space in prime Weslaco location
      1601 Us Hwy Business 83 St, San Juan, TX 78596
      View Details
    • $15 SF/Yr
      9,600 SF

      Weslaco Medical Office Space

      Prime Medical Office, Weslaco, TX
      1525 6Th St, Weslaco, TX 78596
      View Details
    • Contact for pricing
      170 SF

      Weslaco Office Suite for Lease

      Prime Weslaco location, 170 sq ft office.
      150 Texas Blvd, Weslaco, TX 78596
      View Details
    • $68,000

      Commercial Land for Lease

      Land available for lease, suitable for various commercial uses.
      2300 S International Blvd, Weslaco, TX 78596
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1323 Beverly Ave
    Weslaco, TX 78596
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.