Versatile Commercial Property on High-Traffic
3708 W Mile 7 Road Mission, TX 78574
For Sale
Contact for pricing
1.5 acres with warehouse, ideal for retail or office.
Property Size2,250 SF
Lot Size1.50 Acres
Price / SF$311.11
Days on Market142
Property Features for 3708 W Mile 7 Road
General Information
- Standard status
- Active
- Size
- 2,250 SF
- Lot size
- 1.50 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 2000
Listing Agency:
Keller Williams Realty RGV
Listed By:
Maggie Harris · License #TREC # 0530155
Source:
Crexi
Added: Mar 5
Changed: Jul 6
Last Checked: Jul 23 at 1:37PM
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 For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.1k | $30.72 |
| − Vacancy | −$18.9k | −$8.42 |
| EGI | $50.2k | $22.30 |
| − OpEx | −$12.5k | −$5.58 |
| NOI | $37.6k | $16.73 |
2,250 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
FAQs
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.**
