Downtown Mission Investment
For Sale
$695,000
1122 N Conway Ave, Mission, TX 78572
Income-producing property with established tenants in Downtown Mission.
Property Size6,136 SF
Lot Size0.24 Acres
Price / SF$194.08
Days on Market216
Property Features for 1122 N Conway Ave
General Information
Standard status
Active
Size
6,136 SF
Total Parking Spaces
10
Lot size
0.24 Acres
Property subtype
Retail
Building Details
Building Size
6,136 SF
Year Built
1979
Listing Agency:
Coldwell Banker La Mansion
Listed By:
Javier Cantu
(956) 467-7311
Source:
Cbcworldwide
Added: Mar 5
Changed: Oct 6
Last Checked: Oct 5 at 3:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker La Mansion
Investment Insights
Based on property information with market context.
This investment property is located in Downtown Mission and includes two buildings with established tenants. The first building is approximately 2,555 square feet and is currently leased as a medical facility. The second building offers 3,581 square feet and is occupied by a flower retail shop that has operated at this location since 2019 and intends to remain long-term. The property is 0.24 acres and has a strong rental history.
Key Highlights
- Income‑producing property with established tenants
- Located in the heart of Downtown Mission
- Building 2 has a long‑term tenant (flower retail shop since 2019)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,900
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,198,000
$1.2M
Cap Rate 7%
$855,714
$855.7K
Cap Rate 9%
$665,556
$665.6K
Market Conditions
NOI Build-Up for 3,581 SF
Gross rent
$110.0K $30.72/SF
− Vacancy
−$30.1K −$8.42/SF
EGI
$79.9K $22.30/SF
− OpEx
−$20.0K −$5.58/SF
NOI
$59.9K $16.73/SF
Area
Hidalgo County, TX
Vacancy
27.40%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,198,000
Cap Rate 7%
$855,714
Cap Rate 9%
$665,556
Alternative Uses
Best Use
Office B
$855.7K
$748.8K – $998.3K
NOI $59,900 @ 7.0% cap · market cap 8.62%
Second Best
Healthcare Medical
$756.9K
$662.3K – $883.1K
NOI $52,986 @ 7.0% cap · market cap 7.62%
Theoretical Best
Hotel Hospitality
$2.70M
$2.36M – $3.15M
NOI $188,808 @ 7.0% cap · market cap 27.17%
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
Location Intelligence
Trade Area within ½ mile
826
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 Office 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?
Retail space - Income-producing property with established tenants in Downtown Mission.
Where is this retail space located?
The property is located at 1122 N Conway Ave Mission, TX.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Income‑producing property with established tenants; Located in the heart of Downtown Mission; Building 2 has a long‑term tenant (flower retail shop since 2019)
