Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    10000 Expy 83 Hwy La Feria, TX 78559
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10000 Expy 83 Hwy La Feria, TX 78559

    View on Map
    • Land
    • 1.70 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 10000 Expy 83 Hwy

    Lot size
    1.70 lot acres
    Property type
    Land

    Description

    This exceptional 1.7-acre commercial land parcel presents a unique investment opportunity in La Feria, Texas. Strategically located on the corner of West Expressway 83 Highway, it offers unparalleled accessibility to both east and westbound traffic. The property benefits from its proximity to the Rio Grande Premium Outlet Mall, enhancing its commercial viability and attracting a high volume of potential customers. Situated conveniently outside the La Feria city limits, this location eliminates city taxes, significantly reducing operational costs for future development. Access is readily available from Mile 3 East and Expressway 83 frontage road, ensuring convenient ingress and egress. The property's expansive size allows for a wide range of development possibilities, from retail spaces to light industrial uses. This prime location, coupled with the absence of city taxes, makes this a highly attractive investment for businesses seeking a strategic foothold in a rapidly growing area. Note that an adjacent 1.7-acre parcel with a 4,000 square foot, fully air-conditioned warehouse is also available for purchase separately. Detailed property information is available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    La Feria
    County
    Cameron
    State
    Texas
    Longitude
    -97.8178
    Latitude
    26.1481

    Comparable in this City

    • Value Estimation by Request
      9.99 Acres

      000 Kelly Dr

      Land • 9.99 Acres
      000 Kelly Dr, La Feria, TX 78559
      View Details
    • Value Estimation by Request
      41.35 Acres

      Hermie Ln

      Land • 41.35 Acres
      0 Hermie Ln, La Feria, TX 78559
      View Details
    • Value Estimation by Request
      5.25 Acres

      Citrus Rd

      Land • 5.25 Acres
      0 Citrus Rd, La Feria, TX 78559
      View Details
    • Value Estimation by Request
      7.87 Acres

      83 7.87 Acres

      Land • 7.87 Acres
      83 7.87 Acres, La Feria, TX 78559
      View Details
    • Value Estimation by Request
      20.00 Acres

      22649 Rabb Rd

      Land • 20.00 Acres
      22649 Rabb Rd, Santa Rosa, TX 78559
      View Details
    • Value Estimation by Request

      221 Of Expy

      Distribution properties
      221 Of Expy, La Feria, TX 78559
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land in 55+ Community

      Lot available in a 55+ community.
      27417 International, La Feria, TX 78559
      View Details
    • $216,000
      5.00 Acres

      Land with Small Residential Structure

      5-acre land parcel with a furnished residential structure.
      26035 Rabb Rd, La Feria, TX 78559
      View Details
    • $337,250
      13.47 Acres

      La Feria Acreage with Farmland

      13.47 acres in La Feria, ideal for homestead or ranch.
      2556 Lot 1 &, La Feria, TX 78559
      View Details
    • $375,000

      Commercial Land Parcel in La Feria

      5.25-acre commercial land parcel off Business 83.
      North Citrus Dr, La Feria, TX 78559
      View Details
    • $290,430
      41.49 Acres

      41 Acres Pasture Land, La Feria

      41.492 acres of pasture land in La Feria, Texas.
      Orange Grove Rd, La Feria, TX 78559
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,000 SF

      La Feria Showroom with Warehouse

      4,000 SF showroom with warehouse space in La Feria.
      305 Expressway 83, La Feria, TX 78559
      View Details
    • Contact for pricing
      8,068 SF

      La Feria Office/Showroom & Warehouse

      8,068 SF office/showroom and warehouse on 0.909 acres.
      221 Expressway 83, La Feria, TX 78559
      View Details
    • $15 SF/Yr
      2,620 SF

      La Feria Commercial Space Available

      Commercial space for rent in La Feria, Texas.
      2803 Expressway 83 W, La Feria, TX 78559
      View Details
    • Contact for pricing

      Former Church on Magnolia Avenue

      Former church building available for lease in La Feria.
      317 W Magnolia Ave, La Feria, TX 78559
      View Details
    • $15 SF/Yr
      66,000 SF

      La Feria Commercial Space Available

      66,000 SF business park with excellent visibility and frontage.
      2807 Expressway 83 W, La Feria, TX 78559
      View Details
    • Contact for pricing
      12,068 SF

      La Feria Showroom with Warehouse

      Showroom with warehouse space available for lease in La Feria.
      221-305 Expressway 83, La Feria, TX 78559
      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.
    10000 Expy 83 Hwy
    La Feria, TX 78559
    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.
    Sign Up Successful!
    You now have access to more from Realmo!