Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    660 Us Hwy 83 Hwy La Joya, TX 78560
    Back to Search
    Property profile & analytics

    660 Us Hwy 83 Hwy, La Joya, TX 78560

    View on Map
    • Specialty properties
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 660 Us Hwy 83 Hwy

    Year built
    1989
    Property type
    Specialty properties

    Description

    This exceptional 23,958 square foot commercial lot, located at 660 E US Highway 83 Highway E in La Joya, Texas, presents a unique investment opportunity. Built in 1989, this special purpose property is ideally situated in the heart of La Joya, offering unparalleled potential for redevelopment. Its prime location boasts proximity to a variety of retail establishments and popular attractions, ensuring high visibility and accessibility. Adding to its appeal is its advantageous proximity to La Joya High School, less than two miles away. This presents a compelling opportunity for developers seeking to capitalize on the area's growth and strong community presence. The expansive lot size provides ample space for a wide range of commercial ventures or even a unique residential project. This property in Hidalgo County, zip code 78560, is more than just an investment; it's a chance to shape the future of a thriving Texas community. The asking price is $375,000. Don't miss this chance to acquire a significant piece of La Joya's commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    La Joya
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.4946
    Latitude
    26.2481

    Comparable in this City

    • Value Estimation by Request

      704 Expressway 83

      Specialty properties
      704 Expressway 83, La Joya, TX 78560
      View Details
    • Value Estimation by Request

      400 Expy

      Specialty properties
      400 Expy, Havana, TX 78560
      View Details
    • Value Estimation by Request
      3,110 SF

      650 Quail Holw St

      DAY CARE, PRE-SCHOOL
      650 Quail Holw St, La Joya, TX 78560-9028
      View Details
    • Value Estimation by Request
      1,872 SF

      100 1st St

      DAY CARE, PRE-SCHOOL
      100 1st St, La Joya, TX 78560-4055
      View Details
    • Value Estimation by Request
      1.88 Acres

      00 Hwy Hwy

      Land
      00 Hwy Hwy, Havana, TX 78560
      View Details
    • Value Estimation by Request
      3,380 SF

      204 2Nd St

      Restaurants
      204 2Nd St, La Joya, TX 78560
      View Details

    Similar Nearby for Sale

    • $533,500
      2,122 SF

      Commercial Building on 1.61 Acres

      Commercial building on 1.61 acres in high-traffic location.
      348 Expressway 83 W, La Joya, TX 78560
      View Details
    • $299,998
      2,912 SF

      La Joya Commercial Building

      2,912 SF commercial building, ideal for office or suites.
      844 E Us Highway 83, La Joya, TX 78560
      View Details
    • $280,000

      La Joya Triplex - $280K

      Fully occupied, income-producing triplex in Texas.
      241 4Th St, La Joya, TX 78560
      View Details
    • Contact for pricing

      La Joya Commercial Land

      1.88 acres in La Joya for commercial development.
      00 Hwy Hwy, La Joya, TX 78560
      View Details
    • Contact for pricing
      2,052 SF

      La Joya Multifamily Investment

      Two detached units in La Joya, ideal for investors.
      225 W 4Th St, La Joya, TX 78560
      View Details
    • $660,000

      Retail Property on US Highway

      Former Dollar Store property near schools, shopping, and dining.
      Ln, La Joya, TX 78560
      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.
    660 Us Hwy 83 Hwy
    La Joya, TX 78560
    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
    660 Us Hwy 83 Hwy, La Joya, TX, 78560
    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!