Add Listing
    For Lease
    • 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

    2405 N Conway Ave Mission, TX 78572

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available with high traffic volume in Mission, TX.

    Property size:
    4,100 SF
    Lot size:
    12.55 Acres

    Property Features for 2405 N Conway Ave

    General Information

    Size
    4,100 SF
    Lot size
    12.55 Acres

    We can help!

    Listing Contact
    Brian Smith
    Brian Smith
    Source: Moodyscre

    Listing Agency: Merit CRE Listing Agent: Brian Smith

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

    Learn more

    Property Insight Report

    Overview

    Retail Space on Conway Avenue

    This retail space, encompassing 4,100 square feet, is situated within a shopping center that offers over 150,000 square feet of retail space and four pad sites. The property is located on the northwest corner of Conway Avenue and FM 495 in Mission, TX. The location benefits from a high traffic volume, with over 44,000 vehicles per day.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wells Fargo Bank Bank Wells Fargo ATM Atm Wells Fargo Advisors Financial Advisor

    Suggested Use

    Restaurant Law Firm Auto Repair Shop Building Supply Hotel & Motel Auto Parts Store Storage Facility Furniture & Home Goods Garden Center Bed & Breakfast

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

    Similar Places Nearby

    PLAZA SAN PABLO, Pulga mission, Coin Cloud Bitcoin ATM, Coinstar Kiosk - Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Mission
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.331468
    Latitude
    26.182779

    Nearby Similar for Lease

    • New
      $3,366 /Mo
      3,366 SF

      Mission, TX Commercial Space

      Commercial space in a mixed-use plaza near Expressway 83.
      1352 E 1St St, Mission, TX 78572
      View Details
    • New
      $750 /Mo
      1,376 SF

      Retail/Office Space in Mission, TX

      888 sqft commercial space perfect for retail or office.
      2217 W Palma Vista Dr, Mission, TX 78572
      View Details
    • $2,500 /Mo
      4,071 SF

      Retail Space in Mission, TX

      Retail space with high traffic, near shopping and amenities.
      1708 N Conway Ave, Mission, TX 78572
      View Details
    • $24 SF/Yr
      9,998 SF

      Retail Space in Plaza Emmanuel

      Retail space available in high-traffic Mission, Texas location.
      10211 Mile 7 Rd, Mission, TX 78573
      View Details
    • $20 SF/Yr
      9,998 SF

      Mission Retail Space For Lease

      Retail space available in high-traffic Mission location.
      10211 Mile 7 Rd, Mission, TX 78573
      View Details
    • $5,500 /Mo
      4,587 SF

      Versatile Commercial Space For Lease

      4,587 sq ft commercial space suitable for various businesses.
      1154 Expressway 83, Mission, TX 78572
      View Details
    • $2,000 /Mo
      1,100 SF

      Modern Commercial Suite in Mission

      Versatile 1,100 sq ft suite ideal for retail/office/medical use.
      705 E Griffin Pkwy, Mission, TX 78572
      View Details
    • $550 /Mo
      408 SF

      Affordable Office Space in Mission

      Office space for rent in Mission, TX, 408 SF.
      6206 W Mile 7 Rd, Mission, TX 78574
      View Details
    • $500 /Mo
      275 SF

      Professional Office in High Traffic Area

      Office space available in a high-traffic Mission, Texas location.
      2000 E Us Hwy Business 83, Mission, TX 78572
      View Details
    • $1,500 /Mo
      1,692 SF

      Mission, TX Commercial Property

      Adaptable commercial space in Mission, TX, suitable for various businesses.
      104 N Mayberry Rd, Mission, TX 78573
      View Details
    • $18 SF/Yr
      18,853 SF

      Retail Strip Center in Mission

      High-traffic retail center with flexible leasing opportunities.
      1600 N Conway Ave, Mission, TX 78572
      View Details
    • $18 SF/Yr
      18,853 SF

      Retail Strip Center in Mission

      High-traffic retail center with flexible leasing opportunities.
      1600 N Conway Ave, Mission, TX 78572
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space available with high traffic volume in Mission, TX.
    Where is this shopping center located?
    The property is located at 2405 N Conway Ave Mission, TX.
    What are key features of this property?
    This property features: - 150,000+ sf of retail space; - High traffic volume: over 44,000 vehicles per day; - Four pad sites available
    (210) 571-8000 Call to check price and availability
    Request Owner's contact information
    2405 N Conway Ave Mission, TX 78572
    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.
    2405 N Conway Ave
    Mission, TX 78572
    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
    2405 N Conway Ave Mission, TX 78572
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Brian Smith
    Brian Smith
    Real Estate License ID: TX-659889
    (210) 571-8000 (210) 541-2005
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!