Commercial Land in Mission,
2012 W Mile 3 Road N Mission, TX 78573
For Sale
$1,980,000
COMMERCIAL - Mission, TX
Property Size17,336 SF
Lot Size10.77 Acres
Price / SF$114.21
Days on Market171
Property Features for 2012 W Mile 3 Road N
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- CO
- Exterior features
- Manual Gate, Mature Trees
- Fencing
- Gate
- Appliances
- Electric Water Heater
- Standard status
- Active
- APN
- P001700000000100
- Size
- 17,336 SF
- Lot size
- 10.77 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 2596
Building Details
- Year built
- 2013
- Floors in Building
- 1
- Building materials
- Block
- Roof type
- Metal
Listing Agency:
RE/MAX elite
(956) 583-2100
Listed By:
Lizeth Solar
(956) 789-2466
Added: Feb 4
Changed: Apr 15
Last Checked: Jul 25 at 8:06PM
MLS# 493860
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 10.77-acre property is suitable for a residential subdivision with retail and shopping plazas. The location on 3 Mile Line, between Inspiration and Moorefield, benefits from high traffic, making it suitable for retail and shopping buildings. The property is divided into 6 lots, including 4 commercial lots of 0.5 acres each in the front, and 2 residential lots (lot 3 and the rear of lot 3) totaling 8.2 acres. Lot 2 features a leased repair shop with a canopy and concrete floor. The rear part of Lot 3 includes a 1,424 square foot mobile home with a gross building area of 2,164 square feet. The property is zoned CO. The site is located at 2012 W Mile 3 Road N, Mission, TX 78573, in Hidalgo County.
Key Highlights
- Prime location on 3 Mile Line between Inspiration and Moorefield, offering high traffic volume ideal for retail/shopping.
- Land is already divided into 6 lots: 4 commercial (0.5 acres each) and 2 residential (totaling 8.2 acres).
- Existing leased repair shop with canopy and concrete floor on Lot 2 provides immediate income potential.
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $139.4k | $8.04 |
| − Vacancy | −$9.1k | −$0.52 |
| EGI | $130.3k | $7.52 |
| − OpEx | −$39.1k | −$2.26 |
| NOI | $91.2k | $5.26 |
17,336 SF · lease $8.04/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.34M
$2.93M – $3.90M
NOI $234,073 @ 7.0% cap · market cap 11.82%
Second Best
Industrial
$1.30M
$1.14M – $1.52M
NOI $91,225 @ 7.0% cap · market cap 4.61%
Theoretical Best
Hotel Hospitality
$13.06M
$11.43M – $15.23M
NOI $914,041 @ 7.0% cap · market cap 46.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
FAQs
What type of property is this?
Commercial land - Commercial and residential land suitable for retail and residential development.
Where is this commercial land located?
The property is located at 2012 W Mile 3 Road N Mission, TX.
What is the asking price?
The asking price for this property is $1,980,000.
What are key features of this property?
This property features: Prime location on 3 Mile Line between Inspiration and Moorefield, offering high traffic volume ideal for retail/shopping.; Land is already divided into 6 lots: 4 commercial (0.5 acres each) and 2 residential (totaling 8.2 acres).; Existing leased repair shop with canopy and concrete floor on Lot 2 provides immediate income potential.
