Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3002 Washington Ave Mission, TX 78573

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $87,500

    17.26 AC subdivision with single-family lots for sale.

    Lot size:
    0.31 Acres

    Property Features for 3002 Washington Ave

    General Information

    Lot size
    0.31 Acres

    We can help!

    Listing Contact
    Sergio A. Adame
    Source: Moodyscre

    Listing Agent: Sergio A. Adame

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Residential Subdivision Land Available

    This 17.26-acre subdivision offers single-family lots. Construction restrictions include a minimum living area of 1,600 square feet, a two-car garage, a 30-year composition shingle roof, and a masonry/stucco exterior with a 60/40 ratio. The property is subject to a Homeowners Association (HOA).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mission
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.3381355
    Latitude
    26.2465924

    Nearby Similar for Sale

    • $3,000,000
      11,386 SF

      Commercial Property in Mission, Texas

      Commercial property featuring car wash, quick lube, and office spaces.
      2614 E Griffin Pkwy, Mission, TX 78572
      View Details
    • $475,000
      2,864 SF

      Remodeled Multifamily Property Near Schools

      Five remodeled units near schools, shopping, and jobs in Mission.
      212 E 11Th St, Mission, TX 78572
      View Details
    • $180,000
      13,705 SF

      Commercial Property with Income Potential

      Commercial property in Mission, TX with income potential.
      6118 W Mile 5 Rd, Mission, TX 78574
      View Details
    • New
      $1,089,000
      8,296 SF

      Leased Investment Property in Mission

      Fully leased commercial property with stable income in Mission, TX.
      1921 Main Ave, Mission, TX 78573
      View Details
    • $520,000
      4,131 SF

      Newer Fourplex in Mission, Texas

      Well-maintained 2022 fourplex with strong rental demand and income potential.
      6803 59 Ln, Mission, TX 78573
      View Details
    • $360,000
      3,176 SF

      Renovated Mission, TX Fourplex

      Recently renovated fourplex near shopping and dining in Mission, Texas.
      2118 Earth Ln, Mission, TX 78573
      View Details
    • $1,250,000
      2,264 SF

      Mechanic Shop on La Homa

      Operating mechanic shop with four bays on 1.41 acres.
      3910 N La Homa Rd, Mission, TX 78574
      View Details
    • $530,000
      4,032 SF

      Leased Fourplex in Gated Community

      Fully leased fourplex in Mission, TX with modern amenities.
      1009 W La Pointe Ave, Mission, TX 78573
      View Details
    • $205,000
      1,872 SF

      Mission, TX Commercial Office Space

      Affordable office building with four offices in a high-visibility area.
      6206 W Mile 7 Rd, Mission, TX 78574
      View Details
    • $1,250,000
      1,428 SF

      Mission, TX Mixed-Use Property

      Commercial and residential property with restaurant and home.
      2709 N Shary Rd, Mission, TX 78574
      View Details
    • $475,000
      4,032 SF

      Alton, Texas Fourplex Investment

      Fourplex in gated community, fully leased, great investment opportunity.
      912 Kentucky St, Mission, TX 78573
      View Details
    • $690,000
      7,000 SF

      Renovated Multifamily Investment Opportunity

      Well-maintained 10-unit property with upgrades, prime location, and strong rental history.
      102 S Holland Ave, Mission, TX 78572
      View Details

    FAQs

    What type of property is this?
    Land - 17.26 AC subdivision with single-family lots for sale.
    Where is this land located?
    The property is located at 3002 Washington Ave Mission, TX.
    What is the asking price?
    The asking price for this property is $87,500.
    What are key features of this property?
    This property features: - 17.26 AC Subdivision offering a great opportunity.; - Single-Family Lots available for your dream home.; - Benefit from community standards with an HOA.
    (956) 412-1412
    Request Owner's contact information
    3002 Washington Ave Mission, TX 78573
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3002 Washington Ave
    Mission, TX 78573
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3002 Washington Ave Mission, TX 78573
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Sergio A. Adame
    (956) 412-1412
    Learn more
    Google sign-in failed. Please try again or use another login method.