Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    Expressway 83, TX

    • Turn key restaurants
    • 7,797 SF
    • 1.73 lot acres
    OFF-MARKET
    Last Sale
    Mar 03, 2025
    Value Estimations
    $505,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4985035
    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

    • Isalis / Jewelry Store / Gift Shop
    • Party City / Balloon Store / Candy Store
    • Skunk Funk / Wholesaler / Clothing Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop

    Property Details for Expressway

    Year built
    2022
    Lot size
    1.73 lot acres
    Property size
    7,797 SF
    Property type
    Turn key restaurants
    APN
    P7544-00-000-0002-00
    APU
    P754400000000200

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $505,000

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

    Location Insight

    • Map
    • Local Demand
    City
    83
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.137
    Latitude
    26.1924
    CBSA code
    32580
    CBSA name
    MCALLEN-EDINBURG-MISSION, 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
    2022
    $38,160
    $758,162
    $622,556
    $1,380,718
    -
    $758,162
    $622,556
    $1,380,718

    Comparable in this City

    • Value Estimation
      $260,000
      9,689 SF

      12525 Ss Fwy

      RESTAURANT • 9,689 SF
      12525 Ss Fwy, Fort Worth, TX
      View Details
    • Value Estimation
      $445,000
      3,788 SF

      Expressway

      RESTAURANT • 3,788 SF
      Expressway, 83, TX
      View Details
    • Value Estimation
      $500,000
      8,534 SF

      Faudree Rd, TX

      RESTAURANT • 8,534 SF
      Faudree Rd, TX
      View Details
    • Value Estimation
      $460,000
      4,183 SF

      N

      RESTAURANT • 4,183 SF
      N, 10th St, TX
      View Details
    • Value Estimation
      $385,000
      1,769 SF

      S

      RESTAURANT • 1,769 SF
      S, Main St, TX
      View Details
    • Value Estimation
      $300,000
      3,100 SF

      Fm 1015, TX

      RESTAURANT • 3,100 SF
      Fm 1015, TX
      View Details

    Similar Nearby for Sale

    • $2,539,800
      5,848 SF

      Turn-Key Restaurant Opportunity

      Fully built-out Mexican restaurant for sale in Livingston, TX.
      100 Southpoint Dr, Livingston, TX
      View Details
    • Contact for pricing
      1,200 SF

      Turnkey Restaurant or Redevelopment Opportunity

      Freestanding 1,200 SF building on 0.8-acre corner lot.
      22483 Tx-90, Bedias, TX
      View Details
    • Contact for pricing
      7,200 SF

      Tomball Parkway Commercial Property

      7,200 SF building on 2.957 acres with highway frontage.
      24030 Tomball Pkwy, Tomball, TX
      View Details
    • $1,995,000
      664 SF

      Corporate Net Lease Investment Opportunity

      Corporate net lease with rent increases on a 0.51-acre site.
      5955 Rufe Snow Dr, Watauga, TX
      View Details
    • Contact for pricing

      Special Events Center For Sale

      5,397 SF Special Events Center on 6.789 Acres
      200 W I-30 Frontage Rd, Cumby, TX
      View Details
    • Contact for pricing
      2,966 SF

      Restaurant and Retail Opportunity

      2,966 SF building on 2.84 acres with frontage.
      13430 Hwy N, Spring Branch, TX
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,182 SF

      Uptown Restaurant and Retail Space

      Turnkey restaurant and retail space in high-profile Uptown location.
      2404 Cedar Spgs Rd, Dallas, TX
      View Details
    • Contact for pricing
      8,892 SF

      Freestanding Turn-Key Restaurant Available

      Freestanding 8,892 SF turn-key restaurant with excellent visibility.
      1960 S Stemmons Fwy, Allen, TX
      View Details
    • Contact for pricing
      11,034 SF

      Retail Space in Mixed-Use Development

      Retail and restaurant spaces available in upcoming mixed-use community.
      7018 Xrd Way, Temple, TX
      View Details
    • $29 SF/Yr
      6,042 SF

      Retail Space with Drive-Thru

      Retail property with drive-thru, high traffic location in Cypress.
      8231-8227 Retail At Greenhouse, Cypress, TX
      View Details
    • Contact for pricing
      5,921 SF

      Retail Space in Lifestyle Center

      Retail space available in a main street layout center.
      11745 W I-10, San Antonio, TX
      View Details
    • Contact for pricing
      2,589 SF

      Retail Space Near High-Profile Intersection

      Retail space near HEB and Methodist McKinney Hospital.
      Eldorado Pkwy & Stonebridge Dr, McKinney, TX
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Expressway
    83, TX
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.