Technical
Financial
Distress signals
Property profile

324 Expressway 83 W La Joya, TX 78560

FOR SALE
Strip malls
Property ID
US82-3119650
2,624 SF 0.31 ac lot Built 2015
Individually Owned Free & Clear
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Property summary

AI-generated overview

This 2,624 square foot shopping center in La Joya, Texas, presents a compelling investment opportunity. Built in 2015, the property sits on a 0.31-acre lot and boasts 16 parking spaces, including both front concrete parking and private covered parking at the rear. The building comprises four individual units, each equipped with a private bathroom and two entry doors for convenient access. Located at 324 W Expy 83, La Joya, TX 78560 (Hidalgo County, zip code 78560), this plaza is ideally suited for a variety of professional services, including hair salons, boutiques, medical clinics, or general business operations. The asking price is $450,000, translating to $1 per square foot. The property's high-traffic location and flexible showing availability make it an attractive prospect for investors seeking a strong return. This well-maintained commercial space offers a blend of convenience and functionality, making it a prime investment in a thriving Texas market. The property's design and features cater to a diverse range of potential tenants, ensuring long-term rental income potential. Don't miss this chance to acquire a profitable commercial property in a rapidly growing area.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2015
Total area 2,624 SF
Lot 0.31 ac (13,504 SF)
APN G1650-00-000-0007-00
UPID US82-3119650

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

324 Expressway 83 W La Joya, TX 78560
La Joya metro Census 24208 MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$230k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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