Multi-Suite Retail
New
For Sale
Contact for pricing
1600 N Conway Avenue Unit 1612, Mission, TX 78572
Two retail suites are available within the center.
Property Size18,853 SF
Price / SF$0.17
Days on Market1
Property Features for 1600 N Conway Avenue Unit 1612
General Information
Standard status
Active
Size
18,853 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Property Use
Office
Building Details
Year Built
2004
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 3:55PM
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 SANETI REALTY GROUP
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Investment Insights
Based on property information with market context.
Built in 2004, this retail center contains 18,853 square feet. Two suites are available: Suite 1612 measures 1,710 square feet, and Suite 1600-D measures 1,280 square feet.
The property is at 1600 N Conway Avenue in Mission, with access to Expressway 83 (I-2). Retail, service, and residential uses are established in the surrounding area.
The property is at 1600 N Conway Avenue in Mission, with access to Expressway 83 (I-2). Retail, service, and residential uses are established in the surrounding area.
Key Highlights
- 18,853 SF retail center built in 2004
- Suite 1612: 1,710 SF available
- Suite 1600‑D: 1,280 SF available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$254,556
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,091,120
$5.1M
Cap Rate 7%
$3,636,514
$3.6M
Cap Rate 9%
$2,828,400
$2.8M
Market Conditions
NOI Build-Up for 18,853 SF
Gross rent
$386.9K $20.52/SF
− Vacancy
−$23.2K −$1.23/SF
EGI
$363.7K $19.29/SF
− OpEx
−$109.1K −$5.79/SF
NOI
$254.6K $13.50/SF
Area
Hidalgo County, TX
Vacancy
6.00%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,091,120
Cap Rate 7%
$3,636,514
Cap Rate 9%
$2,828,400
Alternative Uses
Best Use
Retail
$3.64M
$3.18M – $4.24M
NOI $254,556 @ 7.0% cap · market cap 7,765.59%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$14.20M
$12.43M – $16.57M
NOI $994,024 @ 7.0% cap · market cap 30,324.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
863
Businesses Nearby
112k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 52%
Dining 24%
Shops & Services 24%
H-E-B
Groceries
58,432 visits/mo
0.4 miles
Whataburger
Dining
26,859 visits/mo
0.5 miles
H-E-B Fuel
Shops & Services
26,658 visits/mo
0.4 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - Two retail suites are available within the center.
Where is this strip mall located?
The property is located at 1600 N Conway Avenue Unit 1612 Mission, TX.
What are key features of this property?
This property features: 18,853 SF retail center built in 2004; Suite 1612: 1,710 SF available; Suite 1600‑D: 1,280 SF available
