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    Property profile & analytics

    Expy 83 Weslaco, TX 78596

    • Warehouses
    • 17,760 SF
    • 10.97 lot acres
    OFF-MARKET
    Value Estimations
    $1,780,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-8888382
    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

    • Warehouses

    Property Details for Expy 83

    Year built
    1960
    Lot size
    10.97 lot acres
    Property size
    17,760 SF
    Property type
    Warehouses
    APN
    W3800-00-018-0000-00
    APU
    W380000018000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,890,000
      6.5%
      $1,745,000
      7%
      $1,620,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,815,000
      Market price range: $655k - $1.82M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,115,000
      Current use
      RESTAURANT
      $2,340,000
      Change: +110% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,320,000
      Change: +108% Conversion: Easy
      OFFICE BUILDING
      $2,205,000
      Change: +97% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,165,000
      Change: +94% Conversion: Difficult
      RETAIL STORES
      $1,985,000
      Change: +78% Conversion: Moderate
      MEDICAL BUILDING
      $1,895,000
      Change: +70% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,425,000
      Change: +28% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Weslaco
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.9648
    Latitude
    26.1659
    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
    $82,832
    $2,818,306
    $417,831
    $3,236,137
    -
    $2,818,306
    $417,831
    $3,236,137

    Comparable in this City

    • Value Estimation by Request
      6.75 Acres

      3222 Expy 83 Hwy

      Manufacturing properties • 6.75 Acres
      3222 Expy 83 Hwy, Weslaco, TX 78596
      View Details
    • Value Estimation by Request
      2,772 SF

      751 International Blvd

      WAREHOUSE, STORAGE • 2,772 SF
      751 International Blvd, Weslaco, TX 78596
      View Details
    • Value Estimation by Request
      2,725 SF

      443 Missouri Ave

      WAREHOUSE, STORAGE • 2,725 SF
      443 Missouri Ave, Weslaco, TX 78596-6017
      View Details
    • Value Estimation by Request
      3,200 SF

      18th St

      WAREHOUSE, STORAGE • 3,200 SF
      18th St, Weslaco, TX 78596
      View Details
    • Value Estimation
      $925,000
      22,000 SF

      Lk Way Dr

      WAREHOUSE, STORAGE • 22,000 SF
      Lk Way Dr, Weslaco, TX 78596
      View Details
    • Value Estimation by Request
      5,450 SF

      512 Midway Rd

      WAREHOUSE, STORAGE • 5,450 SF
      512 Midway Rd, Weslaco, TX 78596-2910
      View Details

    Similar Nearby for Sale

    • $3,750,000
      6.75 Acres

      Weslaco Industrial Property - $3.75M

      Prime Weslaco warehouse & retail space, 6.75 acres.
      3222 Expy 83 Hwy, Weslaco, TX 78596
      View Details
    • $899,000
      8,160 SF

      Weslaco Industrial Property

      8,160 SF Warehouse, Vacant, $899K
      0 Mile 2 1/2, Weslaco, TX 78596
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    • $819,930
      13.80 Acres

      Land with Warehouse and Residence

      13.8 acres with warehouse, storage, and residential house.
      Fm 1015, Progreso Lakes, TX 78596
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    • $750,000
      4,500 SF

      Weslaco Warehouse Investment Opportunity

      High-traffic commercial warehouse, owner financing available.
      3500 Expressway 83, Weslaco, TX 78596
      View Details
    • $1,200,000

      Prime Weslaco Mixed-Use Property

      High-Income Potential, Versatile Space
      1504 Pike Blvd, Weslaco, TX 78596
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    • Contact for pricing
      4,750 SF

      Business 83 Mixed-Use Property

      2-acre property with shop, warehouse, and residence.
      3925 W Business 83, Weslaco, TX 78596
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      22,000 SF

      Industrial Space with Dock High Loading

      Industrial lease space available with office and fenced storage yards.
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      View Details
    • $18 SF/Yr
      1,860 SF

      Weslaco Commercial Land Opportunity

      Prime Medical Complex Location, High Visibility
      1412 8Th St, Weslaco, TX 78596
      View Details
    • New
      $5,667 /Mo
      43,560 SF

      Prime Land Near International Bridge

      Approximately 1 acre of land for lease near Progreso Bridge.
      2310 S International Blvd, Weslaco, TX 78596
      View Details
    • $15 SF/Yr
      9,600 SF

      Weslaco Medical Office Space

      Prime Medical Office, Weslaco, TX
      1525 6Th St, Weslaco, TX 78596
      View Details
    • Contact for pricing
      170 SF

      Weslaco Office Suite for Lease

      Prime Weslaco location, 170 sq ft office.
      150 Texas Blvd, Weslaco, TX 78596
      View Details
    • $15 SF/Yr
      3,600 SF

      Weslaco Retail Space for Lease

      High-traffic retail space in prime Weslaco location
      1601 Us Hwy Business 83 St, San Juan, TX 78596
      View Details
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    Weslaco, TX 78596
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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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