Multi-Suite Retail/Office
For Sale
$999,000
2210 Expressway 83, Mission, TX 78572
Modern plaza with three distinct suites, suited for retail, office, or service uses, with parking and access to major roads.
Property Size3,560 SF
Price / SF$280.62
Days on Market104
Property Features for 2210 Expressway 83
General Information
Standard status
Active
Size
3,560 SF
Property subtype
General Commercial
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$6,093
Amenities
3
6 Parking Spaces. No Parking.
City Road, Paved Road.
Building Details
Year Built
2016
Listing Agency:
Casablanca Real Estate Of Texas, Llc.
(956) 624-4646
Listed By:
Dulce Mascorro · License #675992
(956) 624-4646
Source:
Xome
Added: Apr 30
Changed: Aug 7
Last Checked: Aug 10 at 3:13AM
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 Casablanca Real Estate Of Texas, Llc.
Investment Insights
Based on property information with market context.
This commercial plaza offers three separate suites totaling approximately 4,550 square feet, providing configuration flexibility for investors or owner-users. Suite A is approximately 1,950 square feet, and Suites B and C are approximately 1,400 square feet each. The property features a modern storefront design intended to support a variety of retail, office, or service-based businesses.
Located at 2210 E Expressway 83 in Mission, Texas, the plaza is described as having great visibility along with ample parking and easy access to major roads, supporting convenient customer and tenant access.
Located at 2210 E Expressway 83 in Mission, Texas, the plaza is described as having great visibility along with ample parking and easy access to major roads, supporting convenient customer and tenant access.
Key Highlights
- Commercial plaza built in 2016 with 3 suites totaling approximately 4,550 sq ft
- Suite A offers approximately 1,950 sq ft; Suites B and C each offer approximately 1,400 sq ft
- Modern plaza with storefront design suitable for retail, office, or service‑based businesses
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
$59,548
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
5.96%
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%
$1,190,960
$1.2M
Cap Rate 7%
$850,686
$850.7K
Cap Rate 9%
$661,644
$661.6K
Market Conditions
NOI Build-Up for 3,560 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
$109.4K $30.72/SF
− Vacancy
−$30.0K −$8.42/SF
EGI
$79.4K $22.30/SF
− OpEx
−$19.8K −$5.58/SF
NOI
$59.5K $16.73/SF
Area
Hidalgo County, TX
Vacancy
27.40%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
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%
$1,190,960
Cap Rate 7%
$850,686
Cap Rate 9%
$661,644
Alternative Uses
Best Use
Office B
$850.7K
$744.4K – $992.5K
NOI $59,548 @ 7.0% cap · market cap 5.96%
Second Best
Retail
$686.7K
$600.9K – $801.1K
NOI $48,068 @ 7.0% cap · market cap 4.81%
Theoretical Best
Hotel Hospitality
$2.68M
$2.35M – $3.13M
NOI $187,701 @ 7.0% cap · market cap 18.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
452
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- La Casita De Las Flores — 905 W Veterans Blvd, Palmview, TX 78572
- Palmview Flower Dilivery — Loya St, Mission, TX 78574, United States
Frequently Asked Questions
What type of property is this?
Storefront property - Modern plaza with three distinct suites, suited for retail, office, or service uses, with parking and access to major roads.
Where is this storefront property located?
The property is located at 2210 Expressway 83 Mission, TX.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Commercial plaza built in 2016 with 3 suites totaling approximately 4,550 sq ft; Suite A offers approximately 1,950 sq ft; Suites B and C each offer approximately 1,400 sq ft; Modern plaza with storefront design suitable for retail, office, or service‑based businesses
