Retail
New
For Sale
Contact for pricing
2900 N La Homa Road, Mission, TX 78574
The 2020-built space offers a compact footprint for a retail business.
Property Size918 SF
Price / SF$1.09
Days on Market2
Property Features for 2900 N La Homa Road
General Information
Standard status
Active
Size
918 SF
Property subtype
Commercial
Building Details
Year Built
2020
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 3:12PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail suite contains 918 square feet of space and was built in 2020. Its size supports a focused retail operation within a plaza setting.
The property is located at 2900 N La Homa Road in Mission, Texas.
The property is located at 2900 N La Homa Road in Mission, Texas.
Key Highlights
- 918 square feet of retail space
- Built in 2020
- Located at 2900 N La Homa Road in Mission, Texas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,395
Suggested Prices Based on Cap Rates
Cap Rate 5%
$247,900
$247.9K
Cap Rate 7%
$177,071
$177.1K
Cap Rate 9%
$137,722
$137.7K
Market Conditions
NOI Build-Up for 918 SF
Gross rent
$18.8K $20.52/SF
− Vacancy
−$1.1K −$1.23/SF
EGI
$17.7K $19.29/SF
− OpEx
−$5.3K −$5.79/SF
NOI
$12.4K $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%
$247,900
Cap Rate 7%
$177,071
Cap Rate 9%
$137,722
Alternative Uses
Best Use
Retail
$177.1K
$154.9K – $206.6K
NOI $12,395 @ 7.0% cap · market cap 1,239.50%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$691.5K
$605.0K – $806.7K
NOI $48,402 @ 7.0% cap · market cap 4,840.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
218
Businesses Nearby
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Business Placement
Demographics for 78574, TX
63,627
Population
18,309
Households
3.5
Avg Household Size
28
Median Age
16%
College-Educated
58%
High-School Grad
51.9 sq mi
ZIP Area
1,226
Density / Sq Mi
$52,536
Median Household Income
$28,029
Median Earnings
$807
Median Rent
$119,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - The 2020-built space offers a compact footprint for a retail business.
Where is this retail space located?
The property is located at 2900 N La Homa Road Mission, TX.
What are key features of this property?
This property features: 918 square feet of retail space; Built in 2020; Located at 2900 N La Homa Road in Mission, Texas
