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    Commercial Condo Strip Center Units Title is generated by Realmo AI

    2400 Brock St, Mission, TX 78572

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    For Sale
    $2,300,000

    Purchase a package of 10 retail condo units within an established Mission strip center.

    Property size:
    23,876 SF
    Price / SF:
    $96/SF
    Added:
    Apr 7, 2026
    Days on Market:
    63
    Last Refresh:
    Jun 6 at 4:33 am

    Property Features for 2400 Brock St

    General Information

    Standard status
    Active
    Size
    23,876 SF

    We can help!

    Listing Contact
    Sergio A. Adame
    Sergio A. Adame

    Listing agent Sergio A. Adame License #0534881

    Listing office API Real Estate

    Listing date Apr 7, 2026

    Source Exprealty

    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 API Real Estate

    HighLights

    • Package of 10 commercial condo units in Shary Business Center, an established Mission, TX strip center
    • Units range from 2,280 SF to 3,060 SF for flexible space sizes
    • All units are located at 2400 Brock St, Mission, TX
    • Units are suitable for a variety of professional, retail, or service‑oriented uses

    Overview

    The Shary Business Center offering consists of 10 commercial condo units within an established strip center. Unit sizes range from approximately 2,280 SF to 3,060 SF, providing flexibility for a range of professional, retail, and service-oriented uses. The portfolio format allows a buyer to acquire multiple units together rather than separately, with the total property size noted as 23,876 SF.

    The property is located at 2400 Brock St in Mission, Texas. The seller describes the center as having convenient access to major roadways and being near surrounding businesses and residential neighborhoods. Prospective buyers should confirm unit-by-unit details and any applicable rules governing condo ownership and use.

    This collection can support investors looking to own several income-producing retail/service units within the same center, or owner-users interested in consolidating needs across multiple spaces. With the stated range of unit sizes, it may also fit tenants seeking more tailored space requirements within a shared retail environment. As with any condo acquisition, due diligence on each unit’s configuration, operating structure, and documentation will be important.
    Location Intelligence

    Current Use by Public Records

    Dai Tung of Mission Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mission
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.282526
    Latitude
    26.223227

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    FAQs

    What type of property is this?
    Strip mall - Purchase a package of 10 retail condo units within an established Mission strip center.
    Where is this strip mall located?
    The property is located at 2400 Brock St Mission, TX.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: Package of 10 commercial condo units in Shary Business Center, an established Mission, TX strip center; Units range from 2,280 SF to 3,060 SF for flexible space sizes; All units are located at 2400 Brock St, Mission, TX
    (210) 845-4419
    We can help!
    Listing Contact
    Sergio A. Adame
    Sergio A. Adame
    Real Estate License ID: 0534881
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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