Property profile

Expressway 83, TX

OFF-MARKET
Hotels
Property ID
US82-2602516
38,592 SF 2.69 ac lot Built 2006
Entity Owned 18-yr Hold Free & Clear
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Property summary

AI-generated overview

Retail space is located within a regional power center development of approximately 200,000 square feet. The site fronts an adjacent retail corridor served by an estimated 70,817 vehicles per day. Pylon signage is available facing Expressway 83/IH-2, and the center draws approximately 4 million visitors annually associated with nearby outlet activity.

Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 2006
Total area 38,592 SF
Lot 2.69 ac (117,028 SF)
APN W0754-03-000-0002-00
UPID US82-2602516

Cap rate & NOI

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

Location

Expressway 83, TX
83 metro MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.43M

Owner & transaction history

since 2008
7 recorded transactions
2020
Price N/A
2018
Price N/A
2008
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

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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