Gas Station Site with
1911 Laurel Court, Donna, TX 78537
For Sale
$699,000
Commercial Sale, Donna, TX
Property Size4,898 SF
Lot Size0.62 Acres
Price / SF$142.71
Days on Market323
Property Features for 1911 Laurel Court
General Information
Property type
Property subtype
Exterior features
Appliances
Subdivision
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Cooling system
Amenities
swimming pool
drive through
Building Details
Year built
Floors in Building
Building materials
Roof type
Additional Structures
Listing Agency:
Effective Real Estate
(956) 322-8522
Listed By:
Ryan J. Mcdaniel
(956) 299-2111
Added: Dec 26, 2025
Changed: Oct 22
Last Checked: Nov 13 at 4:06AM
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.
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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 / Yr
$49,592
Cap Rate
7.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$991,840
$991.8K
Cap Rate 7%
$708,457
$708.5K
Cap Rate 9%
$551,022
$551.0K
Market Conditions
NOI Build-Up for 4,898 SF
Gross rent
$88.2K $18.00/SF
− Vacancy
−$8.8K −$1.80/SF
EGI
$79.3K $16.20/SF
− OpEx
−$29.8K −$6.07/SF
NOI
$49.6K $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%
$991,840
Cap Rate 7%
$708,457
Cap Rate 9%
$551,022
Alternative Uses
Best Use
Mixed Use
$708.5K
$619.9K – $826.5K
NOI $49,592 @ 7.0% cap · market cap 7.09%
Second Best
Apartment 5plus
$563.4K
$493.0K – $657.3K
NOI $39,436 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$1.72M
$1.51M – $2.01M
NOI $120,608 @ 7.0% cap · market cap 17.25%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
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Business Placement
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
$74,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Hidalgo County, TX
Properties on Market for Mixed-use properties in Hidalgo County
Frequently Asked Questions
What type of property is this?
Mixed-use property - Gas station site with a drive-through, a private event center above, plus a single-family home and swimming pool.
Where is this mixed-use property 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
