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

    1905 Harrison St Weslaco, TX 78599

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-0540965
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1905 Harrison St

    Year built
    2018
    Property type
    Commercial real estate

    Description

    This exceptional four-unit multifamily property, situated at 1905 W Harrison Street in Weslaco, Texas, presents a compelling investment opportunity. Built in 2018, this Class B property consists of two buildings, offering a total of four units, promising steady rental income. Located in the heart of Weslaco, the property benefits from a desirable location within Hidalgo County, zip code 78599. The asking price is $485,000. While the cap rate is currently listed as 0.00%, the property's recent construction and strong rental market in Weslaco suggest significant potential for return on investment. This fourplex is an ideal acquisition for investors seeking a stable, cash-flowing asset with potential for appreciation. The property's 2018 construction ensures relatively low maintenance costs in the near term. Its location in Weslaco, Texas offers access to a growing population and a robust rental market. This turnkey investment is ready for immediate income generation. Serious inquiries are encouraged to explore this promising opportunity further.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Weslaco
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.0087887
    Latitude
    26.1789373

    Comparable in this City

    • $510,000

      Weslaco 4-Plex Investment Opportunity

      Four-unit apartment building, excellent rental income.
      1408 Marcela Dr, Weslaco, TX 78599
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    • $1,450,000
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      Weslaco Multifamily Investment Opportunity

      16-Unit Apartment Complex, High Growth Area
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    • $478,000
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      New Fourplex in Gated Subdivision

      Recently built fourplex in Weslaco's Verona subdivision.
      1312 Lore Dr, Weslaco, TX 78599
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    • $350,000
      3,480 SF

      Income-Producing Quadruplex in Weslaco, TX

      Fully leased 4-plex in high-demand rental area, generating steady income.
      Mile 11, Weslaco, TX 78599
      View Details
    • $350,000
      3,480 SF

      Income-Producing Weslaco Fourplex Investment

      Fully leased fourplex in Weslaco, TX, offering immediate cash flow.
      Weslaco, TX 78599
      View Details
    • $900,000
      28.30 Acres

      Weslaco, TX Multifamily Land Investment

      28.3 Acres, Prime Weslaco Location
      028 Mile 4, Mercedes, TX 78599
      View Details

    Similar Nearby for Sale

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      Weslaco, TX Multifamily Land Investment

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    • $999,000
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      Weslaco Multi-Use Property

      8.25 Acres, Commercial & Residential
      7209 Mile 6, Weslaco, TX 78599
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    • $478,000
      3,990 SF

      New Quadruplex in Gated Subdivision

      Recently built fourplex in Weslaco's Verona subdivision with steady rental demand.
      1303 Marcela Dr, Weslaco, TX 78599
      View Details
    • $495,000

      Weslaco Multifamily Investment Opportunity

      Brand new, 4-unit apartment complex in Weslaco, TX.
      1412 Lore Dr, Weslaco, TX 78599
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    • $485,000
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      Weslaco, TX Multifamily Investment

      Fully Leased 4-plex, Prime Location
      1404 Vani Dr, Weslaco, TX 78599
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    • $449,000

      Weslaco Luxury 4-Plex Investment

      Modern 4-unit apartment building, prime location.
      901 Pleasant Vw Dr, Weslaco, TX 78599
      View Details
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    Weslaco, TX 78599
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    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
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