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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    818 Expressway 83 Weslaco, TX 78596

    • Land
    • 2.05 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Fidelity Bonded Warehouse / Storage Facility / Agricultural Service

    Property Details for 818 Expressway 83

    Lot size
    2.05 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 2.05-acre commercial land parcel presents a unique investment opportunity in Weslaco, Texas. Strategically located on Expressway 83 (also known as I-2), this property boasts over 603 feet of frontage, providing unparalleled visibility to the more than 102,000 vehicles passing daily. Its location within a rapidly expanding retail corridor places it in close proximity to major national retailers, ensuring high traffic and strong potential for development. The property's classification includes both agricultural and commercial uses, offering flexibility for a variety of projects. The address is 818 E Expressway 83, Weslaco, TX 78596, situated in Hidalgo County. This prime location, combined with its significant frontage and high daily traffic count, makes this land ideal for a wide range of commercial ventures. The expansive lot size allows for substantial development potential, catering to businesses seeking high visibility and convenient access to major transportation routes. This is a rare opportunity to acquire a highly visible and strategically located property in a thriving Texas market. The property's coordinates are 26.172979 latitude and -97.980291 longitude.

    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
    -97.9803
    Latitude
    26.173

    Comparable in this City

    • Value Estimation by Request
      6.88 Acres

      00 Mile 3 1/2

      Multifamily properties • 6.88 Acres
      00 Mile 3 1/2, Weslaco, TX 78596
      View Details
    • Value Estimation by Request
      16.11 Acres

      00 Mile 14

      Farms • 16.11 Acres
      00 Mile 14, Weslaco, TX 78596
      View Details
    • Value Estimation by Request
      17.37 Acres

      00 Calle Santiago Galvan

      Farms • 17.37 Acres
      00 Calle Santiago Galvan, Progreso Lakes, TX 78596
      View Details
    • Value Estimation by Request
      6.31 Acres

      201.39 Acres Development Opportunity

      Farms • 6.31 Acres
      0 201.39 Acres Development Opportunity, Weslaco, TX 78596
      View Details
    • Value Estimation by Request
      17.37 Acres

      Calle Santiago Galvan

      Farms • 17.37 Acres
      0 Calle Santiago Galvan, Progreso Lakes, TX 78596
      View Details
    • Value Estimation by Request
      17.37 Acres

      00 Calle Santiago Galvan

      Farms • 17.37 Acres
      00 Calle Santiago Galvan, Progreso Lakes, TX 78596
      View Details

    Similar Nearby for Sale

    • $575,000
      17.37 Acres

      Prime Texas Farmland - 17 Acres

      Weslaco Farm: 17.37 Acres, $575,000
      00 Calle Santiago Galvan, Progreso Lakes, TX 78596
      View Details
    • $211,990
      14.62 Acres

      14.62 Acres Weslaco Farm Land

      Level, irrigated farmland near Weslaco, TX.
      0 Sky Soldier Rd, Weslaco, TX 78596
      View Details
    • $1,100,000
      98.71 Acres

      Texas Farm & Residential Land

      98 Acres, Weslaco, TX - $1.1M
      00 Mile 4 1/2, Weslaco, TX 78596
      View Details
    • $250,000
      10.00 Acres

      10-Acre Farm & Residential Land

      Prime Texas farmland, ideal for development.
      0 Sky Soldier Rd, Weslaco, TX 78596
      View Details
    • $222,250
      8.89 Acres

      Progreso Lakes Irrigated Farmland

      8.89 acres of irrigated farmland across from Moon Lake.
      Nn Moon Lk Dr S, Progreso Lakes, 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
    • 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
    • $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
    • $7 SF/Yr
      62,290 SF

      Weslaco Commercial Land & Building

      Prime Weslaco Retail Space, High Traffic
      505 Business 83, Weslaco, TX 78596
      View Details
    • $18 SF/Yr
      1,860 SF

      Weslaco Commercial Land Opportunity

      Prime Medical Complex Location, High Visibility
      1412 8Th St, 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.
    818 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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.