Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4038 Expressway 83 Weslaco, TX 78596
    Back to Search
    Property profile & analytics

    4038 Expressway 83, Weslaco, TX 78596

    View on Map
    • Investment properties
    • 4,560 SF
    • 1.18 lot acres
    For Sale
    $980,000
    View Listing →
    Weslaco Expressway 83 Business Park For Sale
    $980,000
    4,560 SF

    Weslaco Expressway 83 Business Park

    High-Visibility Commercial Property, Excellent Potential

    4038 Expressway 83, Weslaco, TX 78596
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Untamed Diesel Performance / Auto Repair Shop
    • Explizit Motorsports LLC / Auto Repair Shop
    • E & J Auto Glass / Hardware & Home Improvement / Home Decor Store

    Property Details for 4038 Expressway 83

    Year built
    1980
    Lot size
    1.18 lot acres
    Property type
    Investment properties

    Description

    This exceptional 1.18-acre commercial property boasts prime visibility and accessibility on Expressway 83 (I-2) in Weslaco, Texas. The fully fenced lot offers 4,560 square feet of existing building space, currently comprised of two separate office spaces and a large warehouse currently under lease. This presents a unique opportunity for investors seeking a multi-faceted income stream. The strategic location ensures high traffic volume and excellent exposure, making it ideal for a diverse range of business ventures. Consider the possibilities for retail establishments, office spaces, or automotive services, all benefiting from the property's prominent position. The existing structures provide immediate income potential while allowing for future expansion or redevelopment to suit your specific business needs. The substantial lot size offers ample room for growth and development, making this a truly remarkable investment opportunity in a thriving Texas market. The property's existing infrastructure minimizes upfront costs, allowing for a quicker return on investment. Don't miss this chance to acquire a high-value commercial property in a rapidly developing area. The combination of existing income and significant development potential makes this an unparalleled opportunity for long-term growth and profitability.

    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
    -97.9504
    Latitude
    26.1564

    Comparable in this City

    • Value Estimation
      $925,000
      5,705 SF

      2601 Border Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      2601 Border Ave, Weslaco, TX 78596-7620
      View Details
    • Value Estimation
      $750,000
      3,443 SF

      2101 Business 83

      OFFICE/RESIDENTIAL (MIXED USE)
      2101 Business 83, Weslaco, TX 78596-6076
      View Details
    • Value Estimation
      $830,000
      3,098 SF

      600 Airport Dr

      OFFICE/RESIDENTIAL (MIXED USE)
      600 Airport Dr, Weslaco, TX 78596-5029
      View Details
    • Value Estimation
      $4,200,000
      27,360 SF

      400 Illinois Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      400 Illinois Ave, Weslaco, TX 78596-6266
      View Details
    • Value Estimation by Request
      7.48 Acres

      415 International Blvd

      Land
      415 International Blvd, Weslaco, TX 78596
      View Details
    • Value Estimation by Request
      1.71 Acres

      917 Mile 13

      Land
      917 Mile 13, Weslaco, TX 78596
      View Details

    Similar Nearby for Sale

    • $980,000
      4,560 SF

      Weslaco Expressway 83 Business Park

      High-Visibility Commercial Property, Excellent Potential
      4038 Expressway 83, Weslaco, TX 78596
      View Details
    • $1,200,000
      6,768 SF

      1504 Pike Blvd, Weslaco, TX 78596

      Commercial real estate
      1504 Pike Blvd, Weslaco, TX 78596
      View Details
    • $760,403
      203,222 SF

      Weslaco Industrial Lot - Prime Location

      High-Demand Industrial Land, Excellent Access
      000 Development Dr Dr, Weslaco, TX 78596
      View Details
    • Contact for pricing

      Weslaco Commercial Pad Site

      Master-planned commercial development site at a prominent Weslaco intersection.
      1015 International Blvd, Weslaco, TX 78596
      View Details
    • $95,000
      0.23 Acres

      Weslaco Multi-Family Lot

      Multi-family lot approved for 4-plex construction in Weslaco, TX.
      2404 23Rd St, Weslaco, TX 78596
      View Details
    • $499,000
      4,502 SF

      New Gated Fourplex Community

      New fourplexes with modern amenities in gated Weslaco community.
      2705 Robin Rd, Weslaco, TX 78596
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Weslaco Office Suite For Rent

      Office suite for lease in high-traffic Weslaco location.
      150 S Texas Blvd, Weslaco, TX 78596
      View Details
    • $1.40 SF/Yr

      Prime Endcap Space Available

      Endcap space suitable for office, retail, or professional use.
      1102 S Airport Dr, Weslaco, TX 78596
      View Details
    • $3,000 /Mo
      49,658 SF

      Weslaco Land For Lease

      1.14 acres available for lease in Weslaco, Texas.
      414 18Th St, Weslaco, TX 78596
      View Details
    • Contact for pricing
      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
    • Contact for pricing

      Remodeled Commercial Space For Lease

      3,820 SF commercial space on a .48-acre corner lot.
      503 S Illinois Ave, 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
    View Listing
    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.
    4038 Expressway 83
    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

    Thank You for Inquiry
    4038 Expressway 83, Weslaco, TX, 78596
    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!