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    Expressway 83 La Feria, TX 78559
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    Expressway 83 La Feria, TX 78559

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    • Commercial real estate
    • 4,786 SF
    • 2.57 lot acres
    For Sale
    $1,950,000
    View Listing →
    Prime Land Opportunity, La Feria For Sale
    $1,950,000

    Prime Land Opportunity, La Feria

    22 acres ideal for retail, office, or mixed-use development.

    Expressway 83, La Feria, TX 78559
    View Listing
    Property ID
    US82-0095272
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for Expressway 83

    Year built
    2021
    Lot size
    2.57 lot acres
    Property size
    4,786 SF
    Property type
    Commercial real estate
    APN
    85-5374-0000-0010-00
    APU
    8553740000001000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $460,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $810,000
      6.5%
      $745,000
      7%
      $690,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,034,000
      Market price range: $325k - $1.03M

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

    Location Insight

    • Map
    • Local Demand
    City
    La Feria
    County
    Cameron
    State
    Texas
    Longitude
    -97.5327
    Latitude
    26.1282
    CBSA code
    15180
    CBSA name
    BROWNSVILLE-HARLINGEN, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $14,053
    $615,550
    $791,309
    $1,406,859
    -
    $615,550
    $791,309
    $1,406,859

    Comparable in this City

    • Value Estimation by Request
      5.96 Acres

      83 5.96 Acres

      Land • 5.96 Acres
      83 5.96 Acres, La Feria, TX 78559
      View Details
    • Value Estimation by Request
      0.17 Acres

      Old Hwy 83

      COMMERCIAL (GENERAL) • 0.17 Acres
      Old Hwy 83, La Feria, TX 78559
      View Details
    • Value Estimation by Request
      0.12 Acres

      8th St

      COMMERCIAL (GENERAL) • 0.12 Acres
      8th St, La Feria, TX 78559
      View Details
    • Value Estimation by Request
      0.14 Acres

      Fm 506

      COMMERCIAL (GENERAL) • 0.14 Acres
      Fm 506, La Feria, TX 78559
      View Details
    • Value Estimation by Request
      0.11 Acres

      Main St

      COMMERCIAL (GENERAL) • 0.11 Acres
      Main St, La Feria, TX 78559
      View Details
    • Value Estimation by Request
      2.79 Acres

      Parker Rd

      Land • 2.79 Acres
      0 Parker Rd, La Feria, TX 78559
      View Details

    Similar Nearby for Sale

    • $337,250
      13.47 Acres

      La Feria Acreage with Farmland

      13.47 acres in La Feria, ideal for homestead or ranch.
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    • $375,000

      Commercial Land Parcel in La Feria

      5.25-acre commercial land parcel off Business 83.
      North Citrus Dr, La Feria, TX 78559
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    • $290,430
      41.49 Acres

      41 Acres Pasture Land, La Feria

      41.492 acres of pasture land in La Feria, Texas.
      Orange Grove Rd, La Feria, TX 78559
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    • New
      $2,240,000
      Pending

      La Feria Development Tract

      140-acre development tract with city water line frontage.
      W Cantu Rd, La Feria, TX 78559
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    • $363,250
      14.53 Acres

      La Feria Farmland Opportunity

      14.53 acres of land suitable for agriculture or homestead.
      13 14, La Feria, TX 78559
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    Similar Nearby for Lease

    • Contact for pricing

      Former Church on Magnolia Avenue

      Former church building available for lease in La Feria.
      317 W Magnolia Ave, La Feria, TX 78559
      View Details
    • $15 SF/Yr
      66,000 SF

      La Feria Commercial Space Available

      66,000 SF business park with excellent visibility and frontage.
      2807 Expressway 83 W, La Feria, TX 78559
      View Details
    • Contact for pricing
      12,068 SF

      La Feria Showroom with Warehouse

      Showroom with warehouse space available for lease in La Feria.
      221-305 Expressway 83, La Feria, TX 78559
      View Details
    • Contact for pricing
      8,068 SF

      La Feria Office/Showroom & Warehouse

      8,068 SF office/showroom and warehouse on 0.909 acres.
      221 Expressway 83, La Feria, TX 78559
      View Details
    • Contact for pricing
      4,000 SF

      La Feria Showroom with Warehouse

      4,000 SF showroom with warehouse space in La Feria.
      305 Expressway 83, La Feria, TX 78559
      View Details
    • $15 SF/Yr
      2,620 SF

      La Feria Commercial Space Available

      Commercial space for rent in La Feria, Texas.
      2803 Expressway 83 W, La Feria, TX 78559
      View Details
    View Listing
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    Expressway 83
    La Feria, TX 78559
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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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