Three-Unit Mixed-Use
For Sale
$215,000
104 N Mayberry Road, Mission, TX 78573
Commercial Sale, Mission, TX
Property Size1,692 SF
Lot Size0.17 Acres
Price / SF$127.07
Days on Market47
Property Features for 104 N Mayberry Road
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
10
Patio and Porch features
Patio
Exterior features
Storage
Appliances
Electric Water Heater, Tankless Water Heater
Subdivision
Mayberry Plaza #2
Directions
Expressway 83 to Mission, Exit Conway . Stay on Frontage and turn North on Mayberry Rd. Turn right (North) on Mayberry Rd for .6 miles. Property will be on the right hand side at the corner of 1st St and Mayberry Rd.
Standard status
Active
APN
M190002000005200
Size
1,692 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
3140
Utilities
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Amenities
outdoor area
Building Details
Year built
1987
Floors in Building
1
Building materials
Solid Masonry, Stucco
Roof type
Metal
Additional Structures
Storage
Listing Agency:
RE/MAX Platinum · RE/MAX International
(956) 668-8555
Listed By:
Victoria De La Fuente · License #0587770
(956) 212-0292
Added: Aug 12
Changed: Sep 12
Last Checked: Sep 27 at 12:06PM
MLS# 512302
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 1,692-square-foot mixed-use commercial building contains three units and includes an outdoor patio area. The property offers storage, solid masonry and stucco construction, a metal roof, central air conditioning, electric heating, and both electric and tankless water heating. Built in 1987, the building provides a compact commercial footprint with adaptable interior space and an exterior area that can support seating or other business-related activities.
Located just off the expressway in Mission, Texas, the property is positioned for convenient access within the 78573 area. All three units are currently leased, providing an existing multi-unit configuration for an owner-user or commercial property owner. The 0.171-acre parcel includes the building and patio area.
Located just off the expressway in Mission, Texas, the property is positioned for convenient access within the 78573 area. All three units are currently leased, providing an existing multi-unit configuration for an owner-user or commercial property owner. The 0.171-acre parcel includes the building and patio area.
Key Highlights
- 1,692 SF mixed‑use commercial building
- Three units, all currently leased
- 0.171‑acre parcel in Mission, TX
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
$17,132
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
7.97%
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%
$342,640
$342.6K
Cap Rate 7%
$244,743
$244.7K
Cap Rate 9%
$190,356
$190.4K
Market Conditions
NOI Build-Up for 1,692 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
$30.5K $18.00/SF
− Vacancy
−$3.0K −$1.80/SF
EGI
$27.4K $16.20/SF
− OpEx
−$10.3K −$6.07/SF
NOI
$17.1K $10.13/SF
Area
Hidalgo County, TX
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$342,640
Cap Rate 7%
$244,743
Cap Rate 9%
$190,356
Alternative Uses
Best Use
Retail
$326.4K
$285.6K – $380.8K
NOI $22,846 @ 7.0% cap · market cap 10.63%
Second Best
Mixed Use
$244.7K
$214.2K – $285.5K
NOI $17,132 @ 7.0% cap · market cap 7.97%
Theoretical Best
Hotel Hospitality
$1.27M
$1.12M – $1.49M
NOI $89,211 @ 7.0% cap · market cap 41.49%
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
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
816
Businesses Nearby
Explore this area
Business Placement
Demographics for 78573, TX
42,229
Population
13,339
Households
3.2
Avg Household Size
29
Median Age
15%
College-Educated
63%
High-School Grad
36.7 sq mi
ZIP Area
1,151
Density / Sq Mi
$51,185
Median Household Income
$27,730
Median Earnings
$909
Median Rent
$154,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail 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?
Mixed-use property - Flexible commercial property with patio space and all three units currently leased.
Where is this mixed-use property located?
The property is located at 104 N Mayberry Road Mission, TX.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: 1,692 SF mixed‑use commercial building; Three units, all currently leased; 0.171‑acre parcel in Mission, TX
