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    OFF-MARKET
    Strip malls

    309 Pike Blvd, Weslaco, TX 78596-4709

    4,320 SF 0.29 ac lot Built 2007
    Individually Owned 7-yr Hold ~ Est. High Equity
    Property ID
    US82-1057146
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a fully occupied, three-unit medical office plaza located at 309 W Pike Boulevard, Weslaco, Texas, 78596. The property, built in 2007, boasts 4,320 square feet across two single-story buildings situated on a 0.287-acre lot. Currently housing five tenants under a gross lease, the property enjoys 100% occupancy with a remaining lease term of one year. The building is zoned for business use and offers ample parking with 24 spaces available, supplemented by street parking. Internal features include two full bathrooms with showers and four half-baths, along with two kitchens, catering to the needs of the medical tenants. The property has never experienced flooding. This Class B property presents a strong cash flow opportunity with no rent bumps scheduled. The asking price is $629,000. This is a multi-tenant property with a proven track record of success in a thriving Weslaco, Hidalgo County market. The property's excellent location and strong tenant base make it an ideal investment for those seeking a stable and profitable commercial real estate asset.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 2007
    Construction FRAME
    Total area 4,320 SF
    Lot 0.29 ac (12,502 SF)
    APN E7200-00-019-0001-00
    UPID US82-1057146
    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
    • Medina Real Estate Real Estate Agency
    • Barehaus Esthetics Spa & Massage Center Skin Care Clinic
    • RGV Direct Care Family Clinic Pediatrician Physician
    • Daniel Mendez, Medina Real Estate - Weslaco Real Estate Agency
    • Jose Luis Garcia, Medina Real Estate Real Estate Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Jose Luis Garcia · 7 yrs held
    Jose Luis Garcia
    since 2019
    7 recorded transactions
    2023
    2019
    2016
    2016
    2012
    2007
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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