Retail Space Near National
New
For Sale
Contact for pricing
205 N Shary Road, Mission, TX 78572
The space sits among national and local retailers, including Home Depot, H-E-B, Target, Chili’s, and IHOP.
Property Size1,420 SF
Price / SF$2.41
Days on Market2
Property Features for 205 N Shary Road
General Information
Standard status
Active
Size
1,420 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Building Details
Year Built
2008
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 3:39PM
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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Investment Insights
Based on property information with market context.
This 1,420-square-foot retail space was built in 2008. Water and electricity are the tenant’s responsibility.
At 205 N Shary Road in Mission, the property has exposure from Expressway 83 and Shary Road. Nearby retailers and restaurants include Home Depot, H-E-B, Target, Chili’s, and IHOP.
At 205 N Shary Road in Mission, the property has exposure from Expressway 83 and Shary Road. Nearby retailers and restaurants include Home Depot, H-E-B, Target, Chili’s, and IHOP.
Key Highlights
- 1,420 SF of retail space
- Built in 2008
- Exposure from Expressway 83 and Shary Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,173
Suggested Prices Based on Cap Rates
Cap Rate 5%
$383,460
$383.5K
Cap Rate 7%
$273,900
$273.9K
Cap Rate 9%
$213,033
$213.0K
Market Conditions
NOI Build-Up for 1,420 SF
Gross rent
$29.1K $20.52/SF
− Vacancy
−$1.7K −$1.23/SF
EGI
$27.4K $19.29/SF
− OpEx
−$8.2K −$5.79/SF
NOI
$19.2K $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%
$383,460
Cap Rate 7%
$273,900
Cap Rate 9%
$213,033
Alternative Uses
Best Use
Retail
$273.9K
$239.7K – $319.6K
NOI $19,173 @ 7.0% cap · market cap 560.29%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.07M
$935.9K – $1.25M
NOI $74,870 @ 7.0% cap · market cap 2,187.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
775
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - The space sits among national and local retailers, including Home Depot, H-E-B, Target, Chili’s, and IHOP.
Where is this retail space located?
The property is located at 205 N Shary Road Mission, TX.
What are key features of this property?
This property features: 1,420 SF of retail space; Built in 2008; Exposure from Expressway 83 and Shary Road
