Triplex With Main Residence and
New
For Sale
$296,000
1012 Glasscock Road N, Mission, TX 78572
Residential Income, Mission, TX
Property Size2,816 SF
Lot Size0.45 Acres
Price / SF$105.11
Days on Market3
Property Features for 1012 Glasscock Road N
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
3
Parking features
Garage
Patio and Porch features
Patio
Exterior features
Mature Trees
Fencing
Privacy
Fireplace
1
Appliances
Electric Water Heater, Water Heater (Other), Tankless Water Heater, Smooth Electric Cooktop, Refrigerator
Subdivision
Sharyland Orchards
Lot features
Corner Lot, Curb & Gutters
Elementary school
Shary
Middle school
B.L. Gray Junior High
High school
Sharyland H.S.
Elementary school district
Sharyland ISD
Middle school district
Sharyland ISD
High school district
Sharyland ISD
Directions
From Buss. 83 go North on Glasscock. House is in the corner of School Lane and Glasscock RD. From Shary Rd. go West on School lane, House is in the corner of School Lane and Glasscock RD.
Standard status
Active
APN
S3000000000038
Size
2,816 SF
Lot size
0.45 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4949
Utilities
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1981
Floors in Building
1
Number of units
3
Building materials
Brick, HardiPlank Type, Siding, Stucco, Vinyl Siding
Roof type
Composition, Metal
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Jose Luis Adame
(956) 655-1263
Added: Sep 11
Changed: Sep 12
Last Checked: Sep 13 at 5:06AM
MLS# 515072
Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,816-square-foot triplex includes a four-bedroom, two-bath main residence and two studio apartments. The primary home features original hardwood floors and a fireplace, while the property also includes a garage, patio, privacy fencing, and mature trees. Built in 1981, the improvements use brick, HardiPlank, siding, stucco, and vinyl siding, with metal and composition roofing. Central electric heating and central air conditioning serve the property, along with public water and multiple water-heating systems.
The property occupies approximately 0.45 acres at 1012 Glasscock Road N in Mission, Texas, within the Sharyland area. It is currently tenant-occupied, and showings are arranged by appointment in advance.
The property occupies approximately 0.45 acres at 1012 Glasscock Road N in Mission, Texas, within the Sharyland area. It is currently tenant-occupied, and showings are arranged by appointment in advance.
Key Highlights
- 2,816‑square‑foot triplex on approximately 0.45 acres
- Four‑bedroom, two‑bath main residence plus two studio apartments
- Original hardwood floors and fireplace in the main residence
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,626
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$492,520
$492.5K
Cap Rate 7%
$351,800
$351.8K
Cap Rate 9%
$273,622
$273.6K
Market Conditions
NOI Build-Up for 2,816 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$39.5K $14.04/SF
− Vacancy
−$4.4K −$1.55/SF
EGI
$35.2K $12.49/SF
− OpEx
−$10.6K −$3.75/SF
NOI
$24.6K $8.74/SF
Area
Hidalgo County, TX
Vacancy
11.02%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$492,520
Cap Rate 7%
$351,800
Cap Rate 9%
$273,622
Alternative Uses
Best Use
Multifamily LT 5
$351.8K
$307.8K – $410.4K
NOI $24,626 @ 7.0% cap · market cap 8.32%
Second Best
Apartment 5plus
$323.9K
$283.4K – $377.9K
NOI $22,673 @ 7.0% cap · market cap 7.66%
Theoretical Best
Hotel Hospitality
$2.12M
$1.86M – $2.47M
NOI $148,474 @ 7.0% cap · market cap 50.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
Explore this area
Business Placement
Demographics for 78572, TX
78,280
Population
32,696
Households
2.4
Avg Household Size
36
Median Age
25%
College-Educated
75%
High-School Grad
53.7 sq mi
ZIP Area
1,458
Density / Sq Mi
$54,029
Median Household Income
$30,004
Median Earnings
$900
Median Rent
$121,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Tenant-occupied triplex with a four-bedroom main residence and two studio apartments.
Where is this triplex located?
The property is located at 1012 Glasscock Road N Mission, TX.
What is the asking price?
The asking price for this property is $296,000.
What are key features of this property?
This property features: 2,816‑square‑foot triplex on approximately 0.45 acres; Four‑bedroom, two‑bath main residence plus two studio apartments; Original hardwood floors and fireplace in the main residence
