Freestanding Automotive Parts
New
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 Market2
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
Last Checked: Sep 12 at 5:44AM
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
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 = 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
$67,511
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
8.18%
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%
$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
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
$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 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%
$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.
Property Analytics
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Open Analytics
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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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
