501 Texas BlvdWeslaco, TX 78596

Property Details for 501 Texas Blvd

Year built

1993

Lot size

0.25 AC

Property size (Sq ft)

960 SF

Property type

Office buildings

APN

W3800-00-121-0000-00

APU

W380000121000000

Description

This exceptional investment opportunity presents a 960-square-foot, single-tenant office building located at 501 Texas Blvd., Weslaco, TX 78596. The property, built in 1993, sits on a 0.25-acre corner lot zoned B-3 Central Business District, offering high visibility and accessibility. Currently 100% occupied by Payment 1 Financial under a modified lease, this building provides a stable income stream with a strong asking price of $380,000. The net rentable area is 960 square feet, translating to a price per square foot of $395.83. The land value alone is $42.24 per square foot. This one-story building is part of a single-building complex and represents a compelling opportunity for investors seeking a turnkey, income-generating asset in a thriving Texas market. The property's location on a busy thoroughfare ensures high traffic volume and excellent exposure. The APN is W3800-00-121-0000-00. This is a reduced price from a previous asking price of $460,000.

• CAP approach

  CAP return

  Valuation

  6%

  $145,837

  6.5%

  $134,619

  7%

  $125,003

• Comparable approach

  Method

  Valuation

  Relative Method

  $90,688

  Geo Method

  $218,179

• Alternative Use

  Use

  Valuation

  Residential

  $166,927

  Hospitality

  $152,905

  Educational

  $127,215

  Medical

  $131,590

  Retail

  $197,890

Location Insight

City

Weslaco

County

Hidalgo

State

Texas

Latitude

26.1664

Longitude

-97.991

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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