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Property profile & analytics
OFF-MARKET
Office Spaces

1420 Expy 83 Hwy Penitas, TX 78576

7.52 ac lot Built 1999
Property ID
Property summary
AI-generated overview

This exceptional commercial property, located at 1420 Expressway 83 Highway in Penitas, Texas, presents a unique investment opportunity. The property encompasses a total of 7.52 acres of land, offering significant potential for expansion and development. Currently, the site includes approximately 2,150 square feet of existing office space, ideal for a variety of professional uses. This existing office building sits on approximately one acre, leaving 6.52 acres of vacant land ready for future development. The property's prime location in the rapidly growing city of Penitas, Texas, within Hidalgo County, ensures high visibility and accessibility. Built in 1999, the office building includes a convenient rear garage. The property's zoning and potential uses should be verified independently. The asking price for this substantial land and office space is $1,110,000. This presents a compelling opportunity for investors seeking a blend of immediate income generation and long-term development potential in a thriving Texas market. The property's zip code is 78576.

Property profile
Verified
Property type Office Spaces
Year built 1999
Lot 7.52 ac (327,571 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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