2-Unit Mixed-Use
New
For Sale
$455,000
1717 La Homa Road, Mission, TX 78574
Two occupied units are complemented by a warehouse at the rear of the site.
Property Size4,107 SF
Price / SF$110.79
Days on Market4
Property Features for 1717 La Homa Road
General Information
Standard status
Active
Size
4,107 SF
Total Parking Spaces
16
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$8,446
Building Details
Building Size
4,107 SF
Year Built
2006
Stories
1
Listing Agency:
RE/MAX elite
(956) 583-2100
Listed By:
Maria (Lila) Garcia · License #626016
(956) 227-6215
Source:
Justrealty
Added: Oct 22
Changed: Oct 24
Last Checked: Oct 24 at 2:48PM
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 RE/MAX elite
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2006, this mixed-use property has a freestanding building divided into two leased units. A 3,000-square-foot warehouse is also located at the rear of the property.
The site at 1717 La Homa Road in Mission, Texas, measures 19,821 square feet. The property information lists a size of 4,107 square feet.
The site at 1717 La Homa Road in Mission, Texas, measures 19,821 square feet. The property information lists a size of 4,107 square feet.
Key Highlights
- Two units in a freestanding building
- Both units are leased to long‑standing tenants
- Rear warehouse measures 3,000 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,583
Cap Rate
9.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$831,660
$831.7K
Cap Rate 7%
$594,043
$594.0K
Cap Rate 9%
$462,033
$462.0K
Market Conditions
NOI Build-Up for 4,107 SF
Gross rent
$73.9K $18.00/SF
− Vacancy
−$7.4K −$1.80/SF
EGI
$66.5K $16.20/SF
− OpEx
−$25.0K −$6.07/SF
NOI
$41.6K $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%
$831,660
Cap Rate 7%
$594,043
Cap Rate 9%
$462,033
Alternative Uses
Best Use
Mixed Use
$594.0K
$519.8K – $693.1K
NOI $41,583 @ 7.0% cap · market cap 9.14%
Second Best
Warehouse
$374.9K
$328.0K – $437.4K
NOI $26,243 @ 7.0% cap · market cap 5.77%
Theoretical Best
Hotel Hospitality
$3.09M
$2.71M – $3.61M
NOI $216,542 @ 7.0% cap · market cap 47.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
175
Businesses Nearby
Explore this area
Business Placement
Demographics for 78574, TX
63,627
Population
18,309
Households
3.5
Avg Household Size
28
Median Age
16%
College-Educated
58%
High-School Grad
51.9 sq mi
ZIP Area
1,226
Density / Sq Mi
$52,536
Median Household Income
$28,029
Median Earnings
$807
Median Rent
$119,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two occupied units are complemented by a warehouse at the rear of the site.
Where is this mixed-use property located?
The property is located at 1717 La Homa Road Mission, TX.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: Two units in a freestanding building; Both units are leased to long‑standing tenants; Rear warehouse measures 3,000 square feet
