636 Broadway St Elsa, TX 78543
This exceptional 10,000.94 square foot commercial land parcel, located at 636 N Broadway Street in Elsa, Texas, presents a unique investment opportunity. The property, situated in Hidalgo County, zip code 78543, boasts a 1985-built structure encompassing approximately 2900 square feet of commercial space. This space is currently configured with six small offices, two bathrooms, a storage room, and a small kitchen, all within a larger area adaptable to a variety of business uses. While some renovations are needed, the building's structure is sound. Its location in a strip mall along FM 88 provides excellent visibility and proximity to established businesses. The kitchen features a 220V power supply, though upgrades are recommended. The age of the central air conditioning system is unknown and requires further investigation. Potential uses include an event center, office leasing, insurance agency, pharmacy, or similar ventures. Owner financing is available with a 40% down payment, 10% interest rate, amortized over 30 years, and a balloon payment due in 10 years. All offers are welcome. A thorough due diligence process is strongly recommended before purchase.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.