Multi-Suite Retail
New
For Sale
Contact for pricing
3402 W Mile 7 Road, Mission, TX 78574
Available spaces can accommodate storefront retail or office operations.
Property Size500 SF
Price / SF$1.60
Days on Market2
Property Features for 3402 W Mile 7 Road
General Information
Standard status
Active
Size
500 SF
Property subtype
Commercial
Building Details
Year Built
2023
Tenancy
Multi
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Oct 31
Changed: Nov 1
Last Checked: Nov 1 at 1:47AM
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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Investment Insights
Based on property information with market context.
Built in 2023, this retail property offers floor plans ranging from 375 to 625 square feet. The spaces are suited to storefront retail or office use, with multiple floor sizes available.
The property is at 3402 W Mile 7 Road in Mission, Texas. Signage is available off Mile 7 Road, and the plaza provides parking. Current tenants include Cricket Wireless, Jesse's Postal/Check Cashing, and The Liquor Store.
The property is at 3402 W Mile 7 Road in Mission, Texas. Signage is available off Mile 7 Road, and the plaza provides parking. Current tenants include Cricket Wireless, Jesse's Postal/Check Cashing, and The Liquor Store.
Key Highlights
- Floor plans range from 375 to 625 square feet
- Built in 2023
- Retail or office use supported
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,751
Suggested Prices Based on Cap Rates
Cap Rate 5%
$135,020
$135.0K
Cap Rate 7%
$96,443
$96.4K
Cap Rate 9%
$75,011
$75.0K
Market Conditions
NOI Build-Up for 500 SF
Gross rent
$10.3K $20.52/SF
− Vacancy
−$616 −$1.23/SF
EGI
$9.6K $19.29/SF
− OpEx
−$2.9K −$5.79/SF
NOI
$6.8K $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%
$135,020
Cap Rate 7%
$96,443
Cap Rate 9%
$75,011
Alternative Uses
Best Use
Retail
$96.4K
$84.4K – $112.5K
NOI $6,751 @ 7.0% cap · market cap 843.88%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$376.6K
$329.5K – $439.4K
NOI $26,363 @ 7.0% cap · market cap 3,295.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
138
Businesses Nearby
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 Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Available spaces can accommodate storefront retail or office operations.
Where is this retail space located?
The property is located at 3402 W Mile 7 Road Mission, TX.
What are key features of this property?
This property features: Floor plans range from 375 to 625 square feet; Built in 2023; Retail or office use supported
