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Property profile & analytics
FOR LEASE
Warehouses

1502 West Pike Blvd Weslaco, TX 78596

60,941 SF 2.53 ac lot Built 2000
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US82-2953532
Property summary
AI-generated overview

This exceptional industrial warehouse, located at 1502 W Pike Blvd in Weslaco, Texas, offers a prime opportunity for businesses seeking flexible space in a thriving market. The property encompasses a total of 60,941 square feet, with a minimum divisible space of 17,944 square feet and a maximum contiguous space of 60,941 square feet. Currently, 17,944 square feet is available for lease. Built in 2000, this warehouse features a substantial 2.534-acre lot, providing ample room for expansion or outdoor operations. The building boasts impressive 32-foot ceilings, four dock-high doors for efficient loading and unloading, and 26 total parking spaces. The property is zoned I-2, Heavy Industrial, and benefits from excellent visibility near Interstate 2/Expressway 83, ensuring easy access and high visibility. Electrical service includes three panels with amperages of 200, 200, and 225 amps, along with 110-220V power. This strategically located warehouse in the rapidly growing Weslaco submarket of Hidalgo County (zip code 78596) presents a compelling opportunity for businesses seeking a well-equipped and conveniently situated industrial space. The property's size and features make it suitable for a variety of industrial uses.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2000
Total area 60,941 SF
Lot 2.53 ac (110,355 SF)
Zoning code CO
APN M4505-00-000-001A-00
UPID US82-2953532
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
  • Shingle Guard Roofs Roofing Company General Contractor
  • Gonzalez Tile Carpet & Flooring Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.59M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.25M
Blend (final) Blend
$1.92M
Owner & transaction history
Hg1 Opportunity LLC · 5 yrs held
Hg1 Opportunity LLC
since 2021
7 recorded transactions
2021
Price N/A
2021
Price N/A
2017
Price N/A
2017
Price N/A
2004
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CO · Weslaco, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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