Commercial Plaza Investment
N FM 493 Donna, TX 78537
For Sale
$1,000,000
COMMERCIAL - Donna, TX
Property Size6,636 SF
Lot Size0.99 Acres
Price / SF$150.69
Days on Market72
Property Features for N FM 493
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 15
- Appliances
- Water Heater (None)
- Standard status
- Active
- APN
- C268300000000300
- Size
- 6,636 SF
- Lot size
- 0.99 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 13059
Building Details
- Year built
- 2017
- Floors in Building
- 1
- Building materials
- Stone, Stucco
- Roof type
- Flat
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Oscar Canales
(956) 900-5683
Added: May 14
Last Checked: Jul 24 at 10:06PM
MLS# 500943
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 commercial plaza, situated along the FM 493 corridor in Donna, Texas, presents an investment opportunity with both current income and future upside. The property, located on approximately 0.9908 acres, features five units suitable for various commercial uses. The site also includes an additional half acre at the rear, suitable for expansion, additional units, or increased parking. This is a value-add opportunity, allowing the next owner to improve existing structures, optimize operations, and maximize returns. The property is located in a high-traffic, developing area surrounded by established businesses. The property has 6,636 square feet of space and is located in Hidalgo County.
Key Highlights
- Income‑producing commercial plaza in a high‑traffic, developing area.
- Expansion potential with an additional half‑acre at the rear of the property.
- Strategically positioned along the growing FM 493 corridor.
Financial Insights For Retail
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 | $136.2k | $20.52 |
| − Vacancy | −$8.2k | −$1.23 |
| EGI | $128.0k | $19.29 |
| − OpEx | −$38.4k | −$5.79 |
| NOI | $89.6k | $13.50 |
6,636 SF · lease $20.52/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.28M
$1.12M – $1.49M
NOI $89,600 @ 7.0% cap · market cap 8.96%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$5.00M
$4.37M – $5.83M
NOI $349,883 @ 7.0% cap · market cap 34.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Shopping centers
Similar Off Market Nearby
- Donna black gold — 603 N 11th St, Donna, TX 78537
- Donna Crossing (Plaza) — 510 N D Salinas Blvd, Donna, TX 78537
- Quick-Tag — walmart supercenter, 900 n salinas blvd, donna, tx 78537
FAQs
What type of property is this?
Shopping center - Income-producing commercial plaza with expansion potential along FM 493.
Where is this shopping center located?
The property is located at N FM 493 Donna, TX.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Income‑producing commercial plaza in a high‑traffic, developing area.; Expansion potential with an additional half‑acre at the rear of the property.; Strategically positioned along the growing FM 493 corridor.
