Flex Space with
New
For Sale
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4005 W Mile 3 Road, Mission, TX 78574
Remodeled facility combines warehouse capacity, office space, and additional land for expansion.
Property Size18,860 SF
Price / SF$0.80
Days on Market2
Property Features for 4005 W Mile 3 Road
General Information
Standard status
Active
Size
18,860 SF
Property subtype
Commercial
Additional Details
Mixed-Use Components
showroom, warehouse, office
Property Use
Showroom, Warehouse, Office
Amenities
modern storefront
high ceilings
open-span warehouse space
mezzanine storage
private offices
ample parking
additional land for expansion
Building Details
Year Built
1994
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 3:32PM
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.
This 18,860-square-foot flex facility brings together a commercial showroom, warehouse, and office areas. The property was built in 1994 and has been remodeled, with a modern storefront, high ceilings, and open-span warehouse space. Mezzanine storage and private offices add to the interior configuration, while additional land is available for expansion.
The facility is located at 4005 W Mile 3 Road in Mission, Texas. On-site parking serves the property. Uses identified for the site include retail, distribution, contractor services, equipment sales, automotive-related businesses, and owner-user operations.
The facility is located at 4005 W Mile 3 Road in Mission, Texas. On-site parking serves the property. Uses identified for the site include retail, distribution, contractor services, equipment sales, automotive-related businesses, and owner-user operations.
Key Highlights
- 18,860‑square‑foot flex facility with showroom, warehouse, and office areas
- Remodeled property built in 1994
- High ceilings and open‑span warehouse space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,156
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,843,120
$1.8M
Cap Rate 7%
$1,316,514
$1.3M
Cap Rate 9%
$1,023,956
$1.0M
Market Conditions
NOI Build-Up for 18,860 SF
Gross rent
$151.6K $8.04/SF
− Vacancy
−$9.9K −$0.52/SF
EGI
$141.8K $7.52/SF
− OpEx
−$49.6K −$2.63/SF
NOI
$92.2K $4.89/SF
Area
Hidalgo County, TX
Vacancy
6.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,843,120
Cap Rate 7%
$1,316,514
Cap Rate 9%
$1,023,956
Alternative Uses
Best Use
Retail
$3.64M
$3.18M – $4.24M
NOI $254,651 @ 7.0% cap · market cap 1,697.67%
Second Best
Warehouse
$1.72M
$1.51M – $2.01M
NOI $120,511 @ 7.0% cap · market cap 803.41%
Theoretical Best
Hotel Hospitality
$14.21M
$12.43M – $16.57M
NOI $994,394 @ 7.0% cap · market cap 6,629.29%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
99
Businesses Nearby
Well-served
Demand for This Use
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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 Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Remodeled facility combines warehouse capacity, office space, and additional land for expansion.
Where is this flex space located?
The property is located at 4005 W Mile 3 Road Mission, TX.
What are key features of this property?
This property features: 18,860‑square‑foot flex facility with showroom, warehouse, and office areas; Remodeled property built in 1994; High ceilings and open‑span warehouse space
