Building Details

Year Built 2013

Listing Agency: SANETI REALTY GROUP

Listed By: Alberto Sanchez Show Phone

Source: Sanetirealty

Added: Nov 1 Last Checked: Nov 1 at 1:19AM

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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 SANETI REALTY GROUP

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Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$91,225

Cap Rate

4.61%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,824,500 $1.8M

Cap Rate 7%

$1,303,214 $1.3M

Cap Rate 9%

$1,013,611 $1.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 17,336 SF

Gross rent

$139.4K $8.04/SF

− Vacancy

−$9.1K −$0.52/SF

EGI

$130.3K $7.52/SF

− OpEx

−$39.1K −$2.26/SF

NOI

$91.2K $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 Rate 5%

$1,824,500

Cap Rate 7%

$1,303,214

Cap Rate 9%

$1,013,611

Alternative Uses

Best Use

Retail

$3.34M

$2.93M – $3.90M (±1% cap)

NOI $234,073 @ 7.0% cap · market cap 11.82%

Second Best

Industrial

$1.30M

$1.14M – $1.52M (±1% cap)

NOI $91,225 @ 7.0% cap · market cap 4.61%

Theoretical Best

Hotel Hospitality

$13.06M

$11.43M – $15.23M (±1% cap)

NOI $914,041 @ 7.0% cap · market cap 46.16%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Dental Office Pharmacy Building Supply Electrical Service Big Box & Wholesale Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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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.