Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1303 Marcela Dr Weslaco, TX 78599
    Back to Search
    Property profile & analytics

    1303 Marcela Dr Weslaco, TX 78599

    View on Map
    • Apartment buildings
    • 3,990 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 1303 Marcela Dr

    Year built
    2023
    Property size
    3,990 SF
    Property type
    Apartment buildings
    Property subtype
    Small apartment buildings

    Description

    This exceptional 2023-built fourplex, located at 1303 Marcela Drive in Weslaco, Texas, presents a lucrative investment opportunity. Situated within Verona, a new gated community, this property boasts 3,990 square feet across two buildings on a 9,980 square foot lot. The four units are fully leased, each offering a spacious 2-bedroom, 2-bathroom layout. Modern features include open floor plans, quartz countertops, and wood-like tile flooring. Each unit also includes a washer/dryer, private fenced backyard, and appliances. Tenants are responsible for electricity, trash, cable, and internet, while water is included in the rent. Ample parking is provided with eight carport spaces. The property's prime location offers convenient access to schools, shopping centers, and dining establishments, ensuring high tenant demand and consistent occupancy. This turnkey investment generates immediate cash flow, making it an ideal addition to any portfolio. The asking price is $499,000. Don't miss this chance to acquire a high-performing multifamily property in a thriving Texas community. Zip code: 78599.

    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
    -97.9604
    Latitude
    26.176

    Comparable in this City

    • Value Estimation by Request
      3,988 SF

      1303 Lore Dr

      Multifamily properties • 3,988 SF
      1303 Lore Dr, Weslaco, TX 78599
      View Details
    • Value Estimation by Request
      4,200 SF

      2009 Jackson St

      Multifamily properties • 4,200 SF
      2009 Jackson St, Weslaco, TX 78599
      View Details
    • Value Estimation by Request
      3,988 SF

      1407 Lore Dr

      Multifamily properties • 3,988 SF
      1407 Lore Dr, Weslaco, TX 78599
      View Details
    • Value Estimation by Request
      4,050 SF

      1404 Vani Dr

      Multifamily properties • 4,050 SF
      1404 Vani Dr, Weslaco, TX 78599
      View Details
    • Value Estimation by Request

      1724 Jackson St

      Multifamily properties
      1724 Jackson St, Weslaco, TX 78599
      View Details
    • Value Estimation by Request
      1 SF

      4508 Mile 4 1/2

      Multifamily properties • 1 SF
      4508 Mile 4 1/2, Weslaco, TX 78599
      View Details

    Similar Nearby for Sale

    • $485,000

      Weslaco Fourplex: Prime Investment

      Four-unit apartment building, excellent ROI.
      2809 Alpha Rd, Weslaco, TX 78599
      View Details
    • Contact for pricing
      4,080 SF

      Weslaco 4-Plex Investment Opportunity

      Four-unit property in Weslaco, Texas with strong income potential.
      1408 Marcela Dr, Weslaco, TX 78599
      View Details
    • $350,000
      3,480 SF

      Income-Producing Four-Plex in Weslaco, TX

      Fully leased 4-plex generating steady income in high-demand area.
      Weslaco, TX 78599
      View Details
    • $350,000
      3,480 SF

      Income-Producing Four-Plex in Weslaco, TX

      Fully leased four-plex in high-demand area, generating steady income.
      Mile 11, Weslaco, TX 78599
      View Details
    • $469,000
      4,200 SF

      Weslaco Fourplex Investment Opportunity

      Well-maintained fourplex in Weslaco with strong rental income potential.
      1801 Jackson St, Weslaco, TX 78599
      View Details
    • $350,000
      3,480 SF

      Income-Producing Fourplex in Weslaco, TX

      Fully leased fourplex in Weslaco, TX, generating steady income.
      3027 E Mile 11, Weslaco, TX 78599
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      New Retail Unit For Lease

      New retail space available in a fast-growing commercial area.
      4498 N International Blvd, Weslaco, TX 78599
      View Details
    • Contact for pricing
      8,959 SF

      Weslaco Warehouse and Office Space

      8,959 SF warehouse and office space with highway access.
      2118 Vo Tech Dr, Weslaco, TX 78599
      View Details
    • $1,200 /Mo
      900 SF

      Versatile Commercial Space in Weslaco

      Commercial space for lease suitable for office, retail, or medical.
      3002 E Mile 11 N, Weslaco, TX 78599
      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.
    1303 Marcela Dr
    Weslaco, TX 78599
    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

    Thank You for Inquiry
    1303 Marcela Dr, Weslaco, TX, 78599
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!