Medical Office Suite in Strip
New
For Sale
Contact for pricing
3401 W Mile 5 Road Unit 100, Mission, TX 78574
The suite is part of a three-unit center, with signage available.
Property Size2,500 SF
Price / SF$1.25
Days on Market2
Property Features for 3401 W Mile 5 Road Unit 100
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Commercial
Additional Details
Corner Location
Yes
Office Units
3
Amenities
signage available
Building Details
Year Built
2011
Tenancy
Multi
Listing Agency:
Texus Realty
Listed By:
Israel Gutierrez · License #0558344
(512) 846-9332
Source:
Texusrealty
Added: Nov 1
Changed: Nov 2
Last Checked: Nov 2 at 2:40AM
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 Texus Realty
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Investment Insights
Based on property information with market context.
Suite 100 is a former medical office within a three-unit strip center. The space measures approximately 2,500 square feet, and the center was built in 2011.
The property sits at the southeast corner of W. Mile 5 and Centenario Drive in Mission. Nearby uses include retail, schools, and residential rooftops.
The property sits at the southeast corner of W. Mile 5 and Centenario Drive in Mission. Nearby uses include retail, schools, and residential rooftops.
Key Highlights
- Approximately 2,500 square feet in Suite 100
- Former medical office space
- Part of a three‑unit strip center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,755
Suggested Prices Based on Cap Rates
Cap Rate 5%
$675,100
$675.1K
Cap Rate 7%
$482,214
$482.2K
Cap Rate 9%
$375,056
$375.1K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$51.3K $20.52/SF
− Vacancy
−$3.1K −$1.23/SF
EGI
$48.2K $19.29/SF
− OpEx
−$14.5K −$5.79/SF
NOI
$33.8K $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%
$675,100
Cap Rate 7%
$482,214
Cap Rate 9%
$375,056
Alternative Uses
Best Use
Office B
$597.4K
$522.7K – $697.0K
NOI $41,818 @ 7.0% cap · market cap 1,338.18%
Second Best
Healthcare Medical
$528.4K
$462.4K – $616.5K
NOI $36,991 @ 7.0% cap · market cap 1,183.71%
Theoretical Best
Hotel Hospitality
$1.88M
$1.65M – $2.20M
NOI $131,813 @ 7.0% cap · market cap 4,218.02%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
Balanced
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - The suite is part of a three-unit center, with signage available.
Where is this medical office space located?
The property is located at 3401 W Mile 5 Road Unit 100 Mission, TX.
What are key features of this property?
This property features: Approximately 2,500 square feet in Suite 100; Former medical office space; Part of a three‑unit strip center
