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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Expressway 83, TX

    • Showrooms
    • 6,000 SF
    • 205.23 lot acres
    OFF-MARKET
    Value Estimations
    $385,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-6919532
    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 / Boutique / Women'S Clothing Store
    • 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
    2020
    Lot size
    205.23 lot acres
    Property size
    6,000 SF
    Property type
    Showrooms
    APN
    L6050-00-000-0378-00
    APU
    L605000000037800

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $385,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $615,000
      Current use
      MEDICAL BUILDING
      $590,000
      Change: -4% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    83
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.423
    Latitude
    26.2375
    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
    $11,642
    $79,232
    $347,228
    $426,460
    -
    $1,067,196
    $347,228
    $1,414,424

    Comparable in this City

    • Value Estimation
      $630,000
      11,950 SF

      Expressway

      SHOW ROOM, WAREHOUSE • 11,950 SF
      Expressway, 83, TX
      View Details
    • Value Estimation
      $1,000,000
      19,025 SF

      Ww

      SHOW ROOM, WAREHOUSE • 19,025 SF
      Ww, Expy, TX
      View Details
    • Value Estimation
      $415,000
      9,282 SF

      Fm 1015, TX

      SHOW ROOM, WAREHOUSE • 9,282 SF
      5721, Fm 1015, TX
      View Details
    • Value Estimation
      $390,000
      9,230 SF

      7129 Hwy 107

      SHOW ROOM, WAREHOUSE • 9,230 SF
      7129 Hwy 107, Mcallen, TX
      View Details
    • Value Estimation
      $435,000
      8,985 SF

      N

      SHOW ROOM, WAREHOUSE • 8,985 SF
      N, Intlg Blvd, TX
      View Details
    • Value Estimation
      $455,000
      9,230 SF

      W

      SHOW ROOM, WAREHOUSE • 9,230 SF
      W, Military Rd, TX
      View Details

    Similar Nearby for Sale

    • $2,500,000

      Marquez Multi-Use Commercial Property

      6-acre commercial property with multiple buildings in Marquez, Texas.
      17552 Us-79, Marquez, TX
      View Details
    • $575,000
      18,544 SF

      Retail/Warehouse on Corner Lot

      18,544 SF retail/warehouse on 1.13 acres.
      269 Tx-62, Buna, TX
      View Details
    • $1,545,000
      12,305 SF

      Versatile Flex Building with Showroom

      8,000 SF flex building with retail and warehouse space.
      3911 Tx-107, Edinburg, TX
      View Details
    • $4,500,000
      12,313 SF

      Office/Retail Building with Downtown Views

      12,313 SF building on 1.39 acres with I-35 frontage.
      2401 S I-35 Frontage Rd, Austin, TX
      View Details
    • Contact for pricing
      36,000 SF

      Freestanding Retail Building with Warehouse

      36,000 SF retail and warehouse space on Interstate Highway.
      9821 N Interstate Hwy, Austin, TX
      View Details
    • $199,999
      10,780 SF

      Office/Warehouse with Retail Showroom

      Office/warehouse with showroom, warehouse space, and fenced lot.
      1561 Hwy W, Plains, TX
      View Details

    Similar Nearby for Lease

    • $3,250 /Mo
      2,600 SF

      Showroom and Warehouse Space Available

      2,600 sq ft showroom and warehouse on corner lot.
      2150 Fm 1187, Mansfield, TX
      View Details
    • $15 SF/Yr
      7,118 SF

      Kingwood Retail and Warehouse Space

      Retail and warehouse buildings for lease in Kingwood, Texas.
      1715 Northpark Dr, Kingwood, TX
      View Details
    • $24 SF/Yr
      2,080 SF

      Renovated Office/Showroom with Yard

      Newly renovated office/showroom with yard and highway frontage.
      4310 Us-377, Aubrey, TX
      View Details
    • $24 SF/Yr
      2,745 SF

      Office Space with Showroom

      Second-generation office space with showroom and shared patio access.
      2218 Byran St, Dallas, TX
      View Details
    • Contact for pricing
      10,714 SF

      Freestanding Retail Building on US-59

      10,714 SF retail building with freeway frontage in Humble, TX.
      20210 Eastex Fwy, Humble, TX
      View Details
    • $7 SF/Yr
      5,998 SF

      Retail/Showroom Freestanding Building For Rent

      Freestanding building, ideal for retail or showroom in high-traffic area.
      510 Andrews Hwy, Crane, 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.