Downtown Mission Investment
1122 N Conway Ave Palmhurst, TX 78572
1122 N Conway Ave, Palmhurst, TX, 78572
$695,000
For Sale
$695,000
Income-producing property with established tenants in Downtown Mission.
Property Size3,581 SF
Lot Size0.24 Acres
Price / SF$194.08
Days on Market140
Property Features for 1122 N Conway Ave
General Information
- Standard status
- Active
- Size
- 3,581 SF
- Lot size
- 0.24 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1979
Listing agency
Coldwell Banker La Mansion
(956) 467-7311
Listed by
Javier Cantu
(956) 467-7311
Source
Cbcworldwide
Added: Mar 5 Updated: Jul 10 at 12:54PM Checked: Apr 9 at 9:00PM
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)
Local Financial Insights For Office B
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 | $110.0k | $30.72 |
| − Vacancy | −$30.1k | −$8.42 |
| EGI | $79.9k | $22.30 |
| − OpEx | −$20.0k | −$5.58 |
| NOI | $59.9k | $16.73 |
3,581 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
FAQs
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 Palmhurst, 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)
