Freestanding Automotive Parts
For Sale
$825,000
1921 North Conway Avenue, Mission, TX 78572
Freestanding automotive retail property leased to NAPA Auto Parts under a corporate lease through November 30, 2027.
Property Size5,000 SF
Price / SF$165
Days on Market52
Property Features for 1921 North Conway Avenue
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Retail
Occupancy
100%
Net Operating Income
$55,500
Additional Details
Asking Price
$825,000
Road Access
Yes
Building Details
Buildings
1
Tenancy
Single
Abandoned
No
Listed By:
Ernest Garza
(956) 342-3636
Source:
Cbre
Added: Sep 11
Changed: Oct 30
Last Checked: Oct 30 at 1:06PM
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 Ernest Garza
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Investment Insights
Based on property information with market context.
This freestanding automotive property contains a 5,000-square-foot building occupied by NAPA Auto Parts. The site is configured for automotive parts retail use and is located along North Conway Avenue in Mission, Texas.
The lease is with Genuine Parts Company, the corporate entity associated with NAPA Auto Parts, and runs through November 30, 2027. The property offers an established operating use within a commercial corridor, with the existing lease providing continuity through the stated term.
The lease is with Genuine Parts Company, the corporate entity associated with NAPA Auto Parts, and runs through November 30, 2027. The property offers an established operating use within a commercial corridor, with the existing lease providing continuity through the stated term.
Key Highlights
- 5,000‑square‑foot freestanding automotive retail building
- Leased to NAPA Auto Parts
- Corporate lease with Genuine Parts Company
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,511
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,350,220
$1.4M
Cap Rate 7%
$964,443
$964.4K
Cap Rate 9%
$750,122
$750.1K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$102.6K $20.52/SF
− Vacancy
−$6.2K −$1.23/SF
EGI
$96.4K $19.29/SF
− OpEx
−$28.9K −$5.79/SF
NOI
$67.5K $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%
$1,350,220
Cap Rate 7%
$964,443
Cap Rate 9%
$750,122
Alternative Uses
Best Use
Retail
$964.4K
$843.9K – $1.13M
NOI $67,511 @ 7.0% cap · market cap 8.18%
Second Best
Industrial
$375.9K
$328.9K – $438.5K
NOI $26,311 @ 7.0% cap · market cap 3.19%
Theoretical Best
Hotel Hospitality
$3.77M
$3.30M – $4.39M
NOI $263,625 @ 7.0% cap · market cap 31.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
626
Businesses Nearby
120k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 49%
Dining 29%
Shops & Services 22%
H-E-B
Groceries
58,432 visits/mo
0.3 miles
Whataburger
Dining
26,859 visits/mo
0.4 miles
H-E-B Fuel
Shops & Services
26,658 visits/mo
0.3 miles
Stars Drive-In
Dining
8,190 visits/mo
0.5 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
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 312 W 9th St, Mission, TX 78572
- U-Haul Neighborhood Dealer — 304 W Griffin Pkwy, Mission, TX 78572
Frequently Asked Questions
What type of property is this?
Automotive property - Freestanding automotive retail property leased to NAPA Auto Parts under a corporate lease through November 30, 2027.
Where is this automotive property located?
The property is located at 1921 North Conway Avenue Mission, TX.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 5,000‑square‑foot freestanding automotive retail building; Leased to NAPA Auto Parts; Corporate lease with Genuine Parts Company
