Building Details

Building Size 4,159 SF

Year Built 1993

Year Renovated 2024

Stories 1

Tenancy Multi

Listing Agency: Coldwell Banker La Mansion Show Phone

Listed By: Javier Canales

Source: Cncrealtyrgv

Added: Oct 30 Changed: Oct 31 Last Checked: Oct 31 at 3:01AM

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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 Coldwell Banker La Mansion

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Investment Insights

Based on property information with market context.

This retail shopping center contains 4,159 square feet of building area on a 2.50-acre parcel. The property was renovated in 2024; its recorded year of construction is 1993. Exterior features include a pole sign, roof sign, paved areas, a manual gate, mature trees, and a workshop.

The center is on W Mile 5 Road and fronts a city street. Its existing retail spaces and site improvements define the current commercial property.

Key Highlights

• 4,159 square feet of building area on 2.50 acres
• Renovated in 2024; year built is 1993
• Pole sign and roof sign

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$56,155

Cap Rate

8.64%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,123,100 $1.1M

Cap Rate 7%

$802,214 $802.2K

Cap Rate 9%

$623,944 $623.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,159 SF

Gross rent

$85.3K $20.52/SF

− Vacancy

−$5.1K −$1.23/SF

EGI

$80.2K $19.29/SF

− OpEx

−$24.1K −$5.79/SF

NOI

$56.2K $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%

$1,123,100

Cap Rate 7%

$802,214

Cap Rate 9%

$623,944

Alternative Uses

Best Use

Retail

$802.2K

$701.9K – $935.9K (±1% cap)

NOI $56,155 @ 7.0% cap · market cap 8.64%

Second Best

—

—

no second resolved use

Theoretical Best

Hotel Hospitality

$3.13M

$2.74M – $3.65M (±1% cap)

NOI $219,283 @ 7.0% cap · market cap 33.74%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Tacos De Carne ... Restaurant

Suggested Use

Top Pick Law Firm (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Storage Facility Garden Center Cafe & Coffee Shop

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

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

217

Businesses Nearby

Well-served

Demand for This Use

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

What type of property is this?

Shopping center - The property includes paved exterior areas and both pole and roof signage.

Where is this shopping center located?

The property is located at 2218 W Mile 5 Road Mission, TX.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: 4,159 square feet of building area on 2.50 acres; Renovated in 2024; year built is 1993; Pole sign and roof sign