Building Details

Year built 2001

Floors in Building 1

Building materials Block, Solid Masonry

Roof type Flat

Listing Agency: Keller Williams Realty RGV j***@gmail.com Show Phone

Listed By: Maggie Harris Show Phone

Added: Apr 13 Changed: Oct 8 Last Checked: Oct 20 at 5:06AM

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MLS# 487014

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.

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Investment Insights

Based on property information with market context.

Built in 2001, this 1,830-square-foot mixed-use commercial building contains several distinct operating areas, including a second-generation restaurant, meat market, office space, beauty salon, and gym area. The property sits on a 0.4196-acre parcel and includes a patio, flat roof, block and solid masonry construction, central heating, central air, and an electric water heater.

Located at 804 W Veterans Boulevard in Palmview, the property is positioned along a major commercial corridor. F1 zoning is in place, and the combination of multiple functional areas within one building supports a range of commercial configurations for an owner-user or investor.

Key Highlights

• 1,830‑square‑foot mixed‑use commercial building
• 0.4196‑acre parcel at 804 W Veterans Boulevard
• Includes restaurant, meat market, office, beauty salon, and gym areas

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$26,558

Cap Rate

8.43%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$531,160 $531.2K

Cap Rate 7%

$379,400 $379.4K

Cap Rate 9%

$295,089 $295.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,830 SF

Gross rent

$37.6K $20.52/SF

− Vacancy

−$2.1K −$1.17/SF

EGI

$35.4K $19.35/SF

− OpEx

−$8.9K −$4.84/SF

NOI

$26.6K $14.51/SF

Area

Hidalgo County, TX

Vacancy

5.70%

Lease Rate

$20.52 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$531,160

Cap Rate 7%

$379,400

Cap Rate 9%

$295,089

Alternative Uses

Best Use

Office B

$437.3K

$382.6K – $510.2K (±1% cap)

NOI $30,610 @ 7.0% cap · market cap 9.72%

Second Best

Specialty Retail

$379.4K

$332.0K – $442.6K (±1% cap)

NOI $26,558 @ 7.0% cap · market cap 8.43%

Theoretical Best

Hotel Hospitality

$1.38M

$1.21M – $1.61M (±1% cap)

NOI $96,487 @ 7.0% cap · market cap 30.63%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Skin Care Clinic Storage Facility (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

413

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

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - The building combines restaurant, office, salon, and gym areas.

Where is this mixed-use property located?

The property is located at 804 W Veterans Boulevard Palmview, TX.

What is the asking price?

The asking price for this property is $315,000.

What are key features of this property?

This property features: 1,830‑square‑foot mixed‑use commercial building; 0.4196‑acre parcel at 804 W Veterans Boulevard; Includes restaurant, meat market, office, beauty salon, and gym areas