Auto Shop with
For Sale
$750,000
3825 N Conway Avenue, Mission, TX 78573
Corner-site automotive property with an existing shop, on-site parking, and proximity to HEB.
Property Size3,500 SF
Lot Size4.66 Acres
Price / SF$214.29
Days on Market288
Property Features for 3825 N Conway Avenue
General Information
Standard status
Active
Size
3,500 SF
Lot size
4.66 Acres
Property subtype
General Commercial
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$10,435
Amenities
Lot with Trees.
12 Parking Spaces.
Trees. State Road, Wooded.
Building Details
Year Built
2020
Buildings
1
Listing Agency:
Star Realty Group, Llc
(956) 222-4222
Listed By:
Jose Narvaez · License #611907
(956) 222-4222
Source:
Xome
Added: Nov 16, 2025
Changed: Aug 31
Last Checked: Aug 31 at 2:54AM
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 Star Realty Group, Llc
Investment Insights
Based on property information with market context.
This automotive property includes a 2020-built auto shop on a 4.66-acre tract. The site has 12 parking spaces and wooded areas with trees, providing an established setting for an automotive operation or additional property planning.
The property occupies the corner of Conway and Mile 3 near HEB in Palmhurst, with frontage along a state road. Its combination of an existing shop, substantial land area, and visible corner positioning supports continued automotive use and future development considerations.
The property occupies the corner of Conway and Mile 3 near HEB in Palmhurst, with frontage along a state road. Its combination of an existing shop, substantial land area, and visible corner positioning supports continued automotive use and future development considerations.
Key Highlights
- 4.66‑acre property with an existing auto shop
- 2020‑built automotive shop
- 12 parking spaces on site
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
$47,258
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
6.30%
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%
$945,160
$945.2K
Cap Rate 7%
$675,114
$675.1K
Cap Rate 9%
$525,089
$525.1K
Market Conditions
NOI Build-Up for 3,500 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
$71.8K $20.52/SF
− Vacancy
−$4.3K −$1.23/SF
EGI
$67.5K $19.29/SF
− OpEx
−$20.3K −$5.79/SF
NOI
$47.3K $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%
$945,160
Cap Rate 7%
$675,114
Cap Rate 9%
$525,089
Alternative Uses
Best Use
Retail
$675.1K
$590.7K – $787.6K
NOI $47,258 @ 7.0% cap · market cap 6.30%
Second Best
Industrial
$263.1K
$230.2K – $307.0K
NOI $18,418 @ 7.0% cap · market cap 2.46%
Theoretical Best
Hotel Hospitality
$2.64M
$2.31M – $3.08M
NOI $184,538 @ 7.0% cap · market cap 24.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
357
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78573, TX
42,229
Population
13,339
Households
3.2
Avg Household Size
29
Median Age
15%
College-Educated
63%
High-School Grad
36.7 sq mi
ZIP Area
1,151
Density / Sq Mi
$51,185
Median Household Income
$27,730
Median Earnings
$909
Median Rent
$154,800
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.
Similar Off Market Nearby
- JZ Paint & Body — 3825 N Conway Ave, Mission, TX 78573
- Jz Body Shop — Palmhurst, TX 78573
- Precision Multiservices Auto Center — 3000 N Conway Ave, Mission, TX 78574
- Sanchez Used Tires & Service — Palmhurst, TX 78573
- Take 5 Oil Change — 212 W Mile 3 Rd, Palmhurst, TX 78573
Frequently Asked Questions
What type of property is this?
Auto shop - Corner-site automotive property with an existing shop, on-site parking, and proximity to HEB.
Where is this auto shop located?
The property is located at 3825 N Conway Avenue Mission, TX.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 4.66‑acre property with an existing auto shop; 2020‑built automotive shop; 12 parking spaces on site
