Versatile Commercial Property on High-Traffic
For Sale
$700,000
3708 W Mile 7 Road, Mission, TX 78574
1.5 acres with warehouse, ideal for retail or office.
Property Size2,250 SF
Lot Size1.50 Acres
Price / SF$311.11
Days on Market177
Property Features for 3708 W Mile 7 Road
General Information
Standard status
Active
Size
2,250 SF
Lot size
1.50 Acres
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$6,693
Amenities
Electric
3
Lot with Trees.
Paved Driveway.
Extra Storage, Trees. Interstate Service Road, Wooded.
Building Details
Year Built
2000
Listing Agency:
Keller Williams Realty Rgv
(956) 800-9719
Listed By:
Amber Pacheco · License #TREC#0530155
(956) 800-9719
Source:
Xome
Added: Feb 28
Changed: Aug 23
Last Checked: Aug 24 at 4:33AM
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 Keller Williams Realty Rgv
Investment Insights
Based on property information with market context.
This commercial property, situated at the intersection of Mile 7 and Bentsen Palm Drive, offers a 1 ½ acre space with a detachable warehouse suitable for inventory storage, operations, or workshop activities. The property is located in a high-traffic area, providing exceptional exposure and accessibility. It is suitable for retail spaces, traditional office spaces, and mixed-use spaces. The property includes a 2250 square foot building.
Key Highlights
- 1.5 acres of versatile commercial space at Mile 7 and Bentsen Palm Drive.
- Detachable warehouse suitable for storage, operations, or workshop.
- High‑traffic location provides exceptional exposure and accessibility.**
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
$37,636
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
5.38%
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%
$752,720
$752.7K
Cap Rate 7%
$537,657
$537.7K
Cap Rate 9%
$418,178
$418.2K
Market Conditions
NOI Build-Up for 2,250 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
$69.1K $30.72/SF
− Vacancy
−$18.9K −$8.42/SF
EGI
$50.2K $22.30/SF
− OpEx
−$12.5K −$5.58/SF
NOI
$37.6K $16.73/SF
Area
Hidalgo County, TX
Vacancy
27.40%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
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%
$752,720
Cap Rate 7%
$537,657
Cap Rate 9%
$418,178
Alternative Uses
Best Use
Office B
$537.7K
$470.5K – $627.3K
NOI $37,636 @ 7.0% cap · market cap 5.38%
Second Best
Retail
$434.0K
$379.8K – $506.3K
NOI $30,380 @ 7.0% cap · market cap 4.34%
Theoretical Best
Hotel Hospitality
$1.69M
$1.48M – $1.98M
NOI $118,631 @ 7.0% cap · market cap 16.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
125
Businesses Nearby
Well-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 Office 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?
Warehouse - 1.5 acres with warehouse, ideal for retail or office.
Where is this warehouse located?
The property is located at 3708 W Mile 7 Road Mission, TX.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 1.5 acres of versatile commercial space at Mile 7 and Bentsen Palm Drive.; Detachable warehouse suitable for storage, operations, or workshop.; High‑traffic location provides exceptional exposure and accessibility.**
