Gas Station Site with
For Sale
$699,000
1911 Laurel Court, Donna, TX 78537
COMMERCIAL - Donna, TX
Property Size4,898 SF
Lot Size0.62 Acres
Price / SF$142.71
Days on Market230
Property Features for 1911 Laurel Court
General Information
Property type
Commercial Sale
Property subtype
Other
Exterior features
Storage, Mature Trees
Appliances
Electric Water Heater
Subdivision
Cheyenne
Directions
From the expressway, head North on 493 (Salinas) for about 3 miles. The property will be on the left hand side and stretches from Laurel Ct to Fox Lake Ct
Standard status
Active
APN
C414300000002700
Size
4,898 SF
Lot size
0.62 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
6872
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
swimming pool
drive through
Building Details
Year built
2004
Floors in Building
1
Building materials
Aluminum Siding, Stucco, Wood Siding
Roof type
Metal, Shingle
Additional Structures
Storage
Listing Agency:
Effective Real Estate
(956) 322-8522
Listed By:
Ryan J. Mcdaniel
(956) 299-2111
Added: Dec 26, 2025
Changed: Aug 4
Last Checked: Aug 13 at 8:06AM
MLS# 429358
Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This gas station site includes a drive-through area, a former gas station canopy, and an existing single-family home on the property. There is also a swimming pool. A space above the drive-through is currently being used as a private event center and is approximately 2,544 SF.
The property is well located at the intersection of FM 493 and Laurel Ct, with just over 500 ft of frontage on FM 493. The lot size is 0.6215 acres.
The single-family home was built in 2007 and features central heating with central air. Interior and utility items include an electric water heater. Exterior features include storage and mature trees. Construction materials include aluminum siding, stucco, and wood siding.
Roofing includes metal and shingle materials.
The property is well located at the intersection of FM 493 and Laurel Ct, with just over 500 ft of frontage on FM 493. The lot size is 0.6215 acres.
The single-family home was built in 2007 and features central heating with central air. Interior and utility items include an electric water heater. Exterior features include storage and mature trees. Construction materials include aluminum siding, stucco, and wood siding.
Roofing includes metal and shingle materials.
Key Highlights
- Just over 500 ft of frontage on FM 493
- Drive‑through plus former gas station canopy
- Private event center above drive‑through, approx. 2,544 SF
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,774
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$515,480
$515.5K
Cap Rate 7%
$368,200
$368.2K
Cap Rate 9%
$286,378
$286.4K
Market Conditions
NOI Build-Up for 4,898 SF
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.
Gross rent
$39.4K $8.04/SF
− Vacancy
−$2.6K −$0.52/SF
EGI
$36.8K $7.52/SF
− OpEx
−$11.0K −$2.26/SF
NOI
$25.8K $5.26/SF
Area
Hidalgo County, TX
Vacancy
6.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$515,480
Cap Rate 7%
$368,200
Cap Rate 9%
$286,378
Alternative Uses
Best Use
Specialty Retail
$1.02M
$888.6K – $1.18M
NOI $71,084 @ 7.0% cap · market cap 10.17%
Second Best
Retail
$944.8K
$826.7K – $1.10M
NOI $66,134 @ 7.0% cap · market cap 9.46%
Theoretical Best
Hotel Hospitality
$3.69M
$3.23M – $4.30M
NOI $258,247 @ 7.0% cap · market cap 36.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
4k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Watermill Express
Shops & Services
3,866 visits/mo
0.1 miles
Demographics for 78537, TX
51,962
Population
16,683
Households
3.1
Avg Household Size
28
Median Age
10%
College-Educated
54%
High-School Grad
57.6 sq mi
ZIP Area
902
Density / Sq Mi
$36,331
Median Household Income
$20,354
Median Earnings
$744
Median Rent
$74,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Gas station - Gas station site with a drive-through, a private event center above, plus a single-family home and swimming pool.
Where is this gas station located?
The property is located at 1911 Laurel Court Donna, TX.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Just over 500 ft of frontage on FM 493; Drive‑through plus former gas station canopy; Private event center above drive‑through, approx. 2,544 SF
