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3206 N Shary Rd, Mission, TX 78574
Five-bedroom property on 3 acres with commercial potential.
Property Size3,656 SF
Lot Size3.00 Acres
Price / SF$314.55
Days on Market682
Property Features for 3206 N Shary Rd
General Information
Standard status
Active
Size
3,656 SF
Lot size
3.00 Acres
Property subtype
Retail
Zoning
C-1
Building Details
Year Built
1987
Listing Agency:
CT PrimeRealty
Listed By:
CJ Trevino · License #TX 591033
Source:
Crexi
Added: Sep 30, 2024
Changed: Aug 8
Last Checked: Aug 8 at 11:17AM
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 CT PrimeRealty
Investment Insights
Based on property information with market context.
This property features a five-bedroom, four-bath home situated on approximately 3 acres. The location is off Shary Road in Mission. The property's central positioning on the acreage provides ample yard space at the front and a backyard suitable for outdoor activities, gardening, and entertaining. The living and dining areas connect with the kitchen, while a den is located to the side, featuring natural light. Adjacent to the kitchen, the den includes built-in features, a wet bar, and maid quarters downstairs, leading to the master bedroom. Additional bedrooms are situated on the opposite side of the home. The property offers the potential for subdivision, with commercial use in the front and residential in the back. The property has been used as residential but has recently been changed for commercial C1- Zoning.
Key Highlights
- 3 +/- acre lot with potential for subdivision.
- Located right off Shary Rd in Mission, offering a desirable location.
- 5 bedrooms and 4 bathrooms, suitable for families and guests.**
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
$49,364
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
4.29%
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%
$987,280
$987.3K
Cap Rate 7%
$705,200
$705.2K
Cap Rate 9%
$548,489
$548.5K
Market Conditions
NOI Build-Up for 3,656 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
$75.0K $20.52/SF
− Vacancy
−$4.5K −$1.23/SF
EGI
$70.5K $19.29/SF
− OpEx
−$21.2K −$5.79/SF
NOI
$49.4K $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 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%
$987,280
Cap Rate 7%
$705,200
Cap Rate 9%
$548,489
Alternative Uses
Best Use
Retail
$705.2K
$617.1K – $822.7K
NOI $49,364 @ 7.0% cap · market cap 4.29%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$2.75M
$2.41M – $3.21M
NOI $192,763 @ 7.0% cap · market cap 16.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
482
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Five-bedroom property on 3 acres with commercial potential.
Where is this storefront property located?
The property is located at 3206 N Shary Rd Mission, TX.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 3 +/- acre lot with potential for subdivision.; Located right off Shary Rd in Mission, offering a desirable location.; 5 bedrooms and 4 bathrooms, suitable for families and guests.**
