For Sale
$1,980,000
2012 W Mile 3 Road N, Mission, TX 78573
Commercial land
Property Size17,336 SF
Price / SF$114.21
Days on Market183
Property Features for 2012 W Mile 3 Road N
General Information
Standard status
Active
Size
17,336 SF
Property subtype
General Commercial
Amenities
3
Lot with Trees.
Paved Driveway.
Trees. City Road, Paved Road, Wooded.
Building Details
Year Built
2013
Listing Agency:
Re/Max Elite
(956) 789-2466
Listed By:
Lizeth Solar
(956) 789-2466
Source:
Xome
Added: Feb 2
Changed: Jul 31
Last Checked: Aug 3 at 3:38AM
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
Financial Insights For Industrial
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 | $139.4k | $8.04 |
| − Vacancy | −$9.1k | −$0.52 |
| EGI | $130.3k | $7.52 |
| − OpEx | −$39.1k | −$2.26 |
| NOI | $91.2k | $5.26 |
17,336 SF · lease $8.04/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.34M
$2.93M – $3.90M
NOI $234,073 @ 7.0% cap · market cap 11.82%
Second Best
Industrial
$1.30M
$1.14M – $1.52M
NOI $91,225 @ 7.0% cap · market cap 4.61%
Theoretical Best
Hotel Hospitality
$13.06M
$11.43M – $15.23M
NOI $914,041 @ 7.0% cap · market cap 46.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
222
Businesses Nearby
Explore this area
Business Placement
Demographics for 78573, TX
42,229
Population
13,339
Households
3.2
Avg Household Size
29
Median Age
15%
College-Educated
63%
High-School Grad
36.7 sq mi
ZIP Area
1,151
Density / Sq Mi
$51,185
Median Household Income
$27,730
Median Earnings
$909
Median Rent
$154,800
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
Where is this commercial land located?
The property is located at 2012 W Mile 3 Road N Mission, TX.
What is the asking price?
The asking price for this property is $1,980,000.
