Mixed-Use Property with High
1321 N Conway Avenue Mission, TX 78572
1321 N Conway Avenue, Mission, TX, 78572
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For Sale
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Mixed-use property with high traffic, alley access, and apartment.
Property Size5,310 SF
Price / SF$112.99
Days on Market778
Property Features for 1321 N Conway Avenue
General Information
- Standard status
- Active
- Size
- 5,310 SF
- Property subtype
- Office
Building Details
- Year Built
- 1930
Listing agency
Keller Williams Realty RGV
(956) 279-8829
Listed by
Robert Kirby · License #TREC # 687948
Source
Crexi
Added: Jun 4, 2024 Updated: Jul 10 at 3:43PM Checked: Jul 20 at 6:52AM
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 Keller Williams Realty RGV
Investment Insights
Based on property information with market context.
This mixed-use property offers considerable potential for various ventures, including a church, restaurant, pub, or market. Situated on a high-traffic corner, the property features alley access, a backyard, and a side yard. The building also includes an apartment on the second floor. The property size is 5310 square feet.
Key Highlights
- High‑traffic corner location
- Alley access
- Second‑floor apartment
Local Financial Insights For Mixed Use
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 | $95.6k | $18.00 |
| − Vacancy | −$9.6k | −$1.80 |
| EGI | $86.0k | $16.20 |
| − OpEx | −$32.3k | −$6.07 |
| NOI | $53.8k | $10.13 |
5,310 SF · lease $18.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$768.1K
$672.1K – $896.1K
NOI $53,764 @ 7.0% cap · market cap 8.96%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$4.00M
$3.50M – $4.67M
NOI $279,970 @ 7.0% cap · market cap 46.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Drago Consulting & Services
Consultant
Connie's Meeting Hall
Theater & Performing Art Venue
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with high traffic, alley access, and apartment.
Where is this mixed-use property located?
The property is located at 1321 N Conway Avenue Mission, TX.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: High‑traffic corner location; Alley access; Second‑floor apartment
