Freestanding Flex Building with
1717 La Homa Road Mission, TX 78574
For Sale
$455,000
Free-standing building with two separately leased units and a rear 3,000 sq ft warehouse on a 19,821 sq ft site.
Property Size4,107 SF
Lot Size0.46 Acres
Price / SF$110.79
Days on Market309
Property Features for 1717 La Homa Road
General Information
- Standard status
- Active
- Size
- 4,107 SF
- Lot size
- 0.46 Acres
- Property subtype
- General Commercial
Building Details
- Year Built
- 2006
Listing Agency:
Re/Max Elite
(956) 227-6215
Listed By:
Maria (Lila) Garcia · License #626016
(956) 227-6215
Source:
Xome
Added: Sep 18, 2025
Changed: Jul 22
Last Checked: Jul 23 at 3:24AM
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
Investment Insights
Based on property information with market context.
This freestanding flex-style building offers two separate units that are currently leased, with both tenants in place for a very long time. In addition to the two leased units, the site includes a rear 3,000 sq ft warehouse space that can also be leased.
The property is located at 1717 La Homa Road in Mission, Texas, and sits on a 19,821 sq ft lot. Current rents noted are $950 per unit for the two separate units, and $2,400 for the rear warehouse when leased.
Designed for multiple income streams within one property, this configuration provides straightforward leasing continuity for the two existing units and an additional warehouse space for expansion of occupancy within the same site.
The property is located at 1717 La Homa Road in Mission, Texas, and sits on a 19,821 sq ft lot. Current rents noted are $950 per unit for the two separate units, and $2,400 for the rear warehouse when leased.
Designed for multiple income streams within one property, this configuration provides straightforward leasing continuity for the two existing units and an additional warehouse space for expansion of occupancy within the same site.
Key Highlights
- Free‑standing building with 2 separately leased units
- Currently leased for $950 per unit
- Rear 3,000 SF warehouse space can be leased for $2,400
Financial Insights For Warehouse
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 | $33.0k | $8.04 |
| − Vacancy | −$2.1k | −$0.52 |
| EGI | $30.9k | $7.52 |
| − OpEx | −$4.6k | −$1.13 |
| NOI | $26.2k | $6.39 |
4,107 SF · lease $8.04/SF/yr · vacancy 6.50% · expense 15.00%
Alternative Uses
Best Use
Office B
$981.4K
$858.7K – $1.14M
NOI $68,698 @ 7.0% cap · market cap 15.10%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
UNITED INCOME TAX ...
Accounting Firm
FAQs
What type of property is this?
Flex space - Free-standing building with two separately leased units and a rear 3,000 sq ft warehouse on a 19,821 sq ft site.
Where is this flex space 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: Free‑standing building with 2 separately leased units; Currently leased for $950 per unit; Rear 3,000 SF warehouse space can be leased for $2,400
