Retail Plaza with Five
2908 W Mile 5 Road Mission, TX 78574
2908 W Mile 5 Road, Mission, TX, 78574
$1,150,000
For Sale
$1,150,000
New retail plaza featuring five open-concept units, each with its own bathroom, plus ample parking for tenants and customers.
Property Size3,400 SF
Price / SF$338.24
Days on Market487
Property Features for 2908 W Mile 5 Road
General Information
- Standard status
- Active
- Size
- 3,400 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 2024
Listing agency
Red & Co Realty Services
(956) 257-4547
Listed by
Marina Garcia
(956) 257-4547
Source
Xome
Added: Mar 23, 2025 Updated: Jul 21 at 11:17PM Checked: Jul 21 at 11:17PM
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 Red & Co Realty Services
Investment Insights
Based on property information with market context.
This newly developed retail plaza consists of five open-concept units. Each unit includes a bathroom, supporting a range of retail or professional service uses. The property is set within professionally landscaped surroundings and includes water sprinklers designed to support maintenance. Ample on-site parking is available for tenant and customer convenience.
The plaza is positioned near a busy intersection and is close to gas stations and well-known taquerias in Mission, TX, supporting everyday retail traffic.
Configured as a five-unit offering, the layout provides individual unit spaces within a shared retail environment, making it suitable for multi-tenant occupancy.
The plaza is positioned near a busy intersection and is close to gas stations and well-known taquerias in Mission, TX, supporting everyday retail traffic.
Configured as a five-unit offering, the layout provides individual unit spaces within a shared retail environment, making it suitable for multi-tenant occupancy.
Key Highlights
- New 5‑unit retail plaza built in 2024
- Five open‑concept units, each with its own bathroom
- Central air cooling
Local Financial Insights For Retail
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 | $69.8k | $20.52 |
| − Vacancy | −$4.2k | −$1.23 |
| EGI | $65.6k | $19.29 |
| − OpEx | −$19.7k | −$5.79 |
| NOI | $45.9k | $13.50 |
3,400 SF · lease $20.52/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$655.8K
$573.8K – $765.1K
NOI $45,907 @ 7.0% cap · market cap 3.99%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$2.56M
$2.24M – $2.99M
NOI $179,265 @ 7.0% cap · market cap 15.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Strip malls
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - New retail plaza featuring five open-concept units, each with its own bathroom, plus ample parking for tenants and customers.
Where is this strip mall located?
The property is located at 2908 W Mile 5 Road Mission, TX.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: New 5‑unit retail plaza built in 2024; Five open‑concept units, each with its own bathroom; Central air cooling
