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Property profile & analytics
OFF-MARKET Estimated value $510,000
Automotive properties

1110 Expy 83 Weslaco, TX 78599-4337

3,222 SF 0.77 ac lot Built 1994
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US82-4682800
Property summary
AI-generated overview

This exceptional commercial property in Weslaco, Texas, presents a remarkable investment opportunity. Boasting a prime corner lot location with 125 feet of frontage on Expressway 83 (I-2) frontage road, between Texas Blvd and Westgate Dr, this high-visibility site benefits from consistent heavy traffic. The 1.54-acre lot (comprising two parcels, 342365 & 536788, each slightly over 0.75 acres) has served as a successful independent car dealership since 1992, demonstrating its enduring appeal and suitability for various commercial ventures. The property includes two office buildings totaling approximately 1126 square feet and a substantial metal building of approximately 2250 square feet, offering ample space for diverse business needs. Surrounded by other thriving retail businesses, this location ensures consistent customer flow and excellent brand exposure. The property's versatility makes it suitable for a wide range of uses, including retail, restaurants, or continued operation as a car dealership. The seller is open to a lease-back arrangement, providing flexibility for potential buyers. This is a rare opportunity to acquire a well-established, high-traffic commercial property in a thriving Weslaco location. The total building square footage is 2,826 square feet.

Property profile
Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1994
Total area 3,222 SF
Lot 0.77 ac (33,572 SF)
APN C2678-01-000-0003-00
UPID US82-4682800
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
Current use
Occupant on record · Public records
  • Expressway Motors Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$420k
CAP Approach CAP
by Request
Comparable Approach Comparable
$600k
Blend (final) Blend
$510k
Owner & transaction history
Expressway 83 Auto Brokers INC · 5 yrs held
Expressway 83 Auto Brokers INC
since 2020
7 recorded transactions
2020
Price N/A
2020
Price N/A
2019
Price N/A
2018
Price N/A
2017
Price N/A
2017
Price N/A
2017
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $760,000 +77.7%
Commercial (general) $490,000 +14.4%
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