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    Retail Plaza Suites For Lease Title is generated by Realmo AI

    2900 N La Homa Road, Mission, TX 78574

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    For Lease
    $1,000/Mo $13 SF/Yr (calc)

    COMMERCIAL - Mission, TX

    Property size:
    918 SF
    Lot size:
    1.02 Acres
    Added:
    Jun 6, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 8 at 8:06 am

    Property Features for 2900 N La Homa Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking
    10
    Security features
    Security Lighting
    Standard status
    Active
    APN
    L107005000003300
    Size
    918 SF
    Lot size
    1.02 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    14353

    Building Details

    Year built
    2020
    Floors in Building
    1

    We can help!

    Listing Contact
    Karina Gomez
    Karina Gomez

    Listing agent Karina Gomez

    Listing office STX Real Estate Group 4129 N 22nd St Ste 1 Ste 101 - B, McAllen, TX

    Listing date Jun 6, 2026

    MLS# 504163

    Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Commercial retail plaza in Mission, TX
    • Year built: 2020
    • More than 900 SF of blank space available for lease
    • Suites are designed to support businesses seeking space to customize

    Overview

    This retail plaza offers commercial suites for lease, including more than 900 square feet of blank space intended for tenant customization. The layout is suited to operators looking to build out their own interior finish, merchandising, and service configuration within an existing retail center.

    The property is located at 2900 N La Homa Road in Mission, Texas (Hidalgo County), on a site of 1.0161 acres. As a strip-mall style retail asset, the building’s tenant spaces are designed to accommodate storefront-oriented businesses.

    For tenants and owners seeking adaptable retail space, the available blank suite provides a practical starting point for a wide range of concepts that can be tailored to the specific requirements of the business. Existing retail positioning within a multi-suite plaza can help streamline day-to-day operations by keeping customer-facing functions consolidated under one retail property. This offering is presented for lease, providing an option for businesses looking for a straightforward retail buildout environment in a retail-focused center.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Big Box & Wholesale Store

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

    Similar Places Nearby

    • Arcoiris Flower Shop — 3010 W 45th St, Mission, TX 78572

    Location Insight

    • Map
    • Local Demand
    City
    Mission
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.357232
    Latitude
    26.264553

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    FAQs

    What type of property is this?
    Storefront property - Flexible retail plaza space with blank interior suited for a variety of tenant concepts.
    Where is this storefront property located?
    The property is located at 2900 N La Homa Road Mission, TX.
    What is the lease rate?
    The lease rate is $1,000 /Mo.
    What are key features of this property?
    This property features: Commercial retail plaza in Mission, TX; Year built: 2020; More than 900 SF of blank space available for lease
    (956) 458-8591
    We can help!
    Listing Contact
    Karina Gomez
    Karina Gomez
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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.

    More about this property
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    2900 N La Homa Road, Mission, TX 78574
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