Building Details

Year Built 1930

Listing Agency: Keller Williams Realty RGV

Listed By: Robert Kirby · License #TREC # 687948 Show Phone

Source: Crexi

Added: Jun 4, 2024 Changed: Oct 11 Last Checked: Oct 19 at 7:22AM

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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

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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

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$53,764

Cap Rate

8.96%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,075,280 $1.1M

Cap Rate 7%

$768,057 $768.1K

Cap Rate 9%

$597,378 $597.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,310 SF

Gross rent

$95.6K $18.00/SF

− Vacancy

−$9.6K −$1.80/SF

EGI

$86.0K $16.20/SF

− OpEx

−$32.3K −$6.07/SF

NOI

$53.8K $10.13/SF

Area

Hidalgo County, TX

Vacancy

10.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,075,280

Cap Rate 7%

$768,057

Cap Rate 9%

$597,378

Alternative Uses

Best Use

Mixed Use

$768.1K

$672.1K – $896.1K (±1% cap)

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 (±1% cap)

NOI $279,970 @ 7.0% cap · market cap 46.66%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Drago Consulting & Services Consultant Connie's Meeting Hall Theater & Performing Art Venue

Suggested Use

Top Pick Real Estate Agency Law Firm Garden Center Building Supply (Bike/Boat/Book/etc) Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

826

Businesses Nearby

Explore this area Business Placement

Demographics for 78572, TX

78,280

Population

32,696

Households

2.4

Avg Household Size

36

Median Age

25%

College-Educated

75%

High-School Grad

53.7 sq mi

ZIP Area

1,458

Density / Sq Mi

$54,029

Median Household Income

$30,004

Median Earnings

$900

Median Rent

$121,900

Median Home Value

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Frequently Asked Questions

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