Fully-Leased Retail
For Sale
$1,960,000
4107 Conway Avenue, Mission, TX 78573
Fully leased commercial plaza on a high-traffic retail corridor next to major national anchors including Walmart and H-E-B.
Property Size11,458 SF
Price / SF$171.06
Days on Market412
Property Features for 4107 Conway Avenue
General Information
Standard status
Active
Size
11,458 SF
Property subtype
General Commercial
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$15,630
Amenities
Central Air
3
37 Parking Spaces. Paved Driveway.
Shopping Mall, Private Roads, State Road.
Building Details
Year Built
1973
Listing Agency:
Mdm Real Estate Group Llc
(956) 445-6430
Listed By:
Jeanette Gutierrez
(956) 445-6430
Source:
Xome
Added: Jun 30, 2025
Changed: Aug 12
Last Checked: Aug 15 at 4:32AM
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 Mdm Real Estate Group Llc
Investment Insights
Based on property information with market context.
This fully-leased commercial plaza at 4107 N Conway Avenue offers an investor-focused retail setup within a consolidated shopping center environment. The property is described as part of a high-traffic retail corridor, intended to provide steady tenant occupancy as part of its current configuration.
The plaza is located off 3 Mile Line and positioned next to prominent retailers including Walmart, H-E-B, and Chick-fil-A. The surrounding retail mix cited in the remarks includes Starbucks, Planet Fitness, CVS, and other national brands. The property’s visibility and day-to-day shopping demand are highlighted through its placement along N Conway Ave, characterized in the materials as one of the busiest north–south arteries in the region.
The plaza is located off 3 Mile Line and positioned next to prominent retailers including Walmart, H-E-B, and Chick-fil-A. The surrounding retail mix cited in the remarks includes Starbucks, Planet Fitness, CVS, and other national brands. The property’s visibility and day-to-day shopping demand are highlighted through its placement along N Conway Ave, characterized in the materials as one of the busiest north–south arteries in the region.
Key Highlights
- Fully leased commercial plaza on a north–south retail corridor off 3 Mile Line
- Located on N Conway Ave next to major national retailers including Walmart and H‑E‑B
- Tenant mix referenced in remarks includes Chick‑fil‑A, Starbucks, Planet Fitness, and CVS
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
$154,708
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
7.89%
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%
$3,094,160
$3.1M
Cap Rate 7%
$2,210,114
$2.2M
Cap Rate 9%
$1,718,978
$1.7M
Market Conditions
NOI Build-Up for 11,458 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
$235.1K $20.52/SF
− Vacancy
−$14.1K −$1.23/SF
EGI
$221.0K $19.29/SF
− OpEx
−$66.3K −$5.79/SF
NOI
$154.7K $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%
$3,094,160
Cap Rate 7%
$2,210,114
Cap Rate 9%
$1,718,978
Alternative Uses
Best Use
Retail
$2.21M
$1.93M – $2.58M
NOI $154,708 @ 7.0% cap · market cap 7.89%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$8.63M
$7.55M – $10.07M
NOI $604,123 @ 7.0% cap · market cap 30.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
623
Businesses Nearby
120k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 49%
Dining 29%
Shops & Services 22%
H-E-B
Groceries
58,432 visits/mo
0.2 miles
Whataburger
Dining
26,859 visits/mo
0.3 miles
H-E-B Fuel
Shops & Services
26,658 visits/mo
0.2 miles
Stars Drive-In
Dining
8,190 visits/mo
0.4 miles
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.
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Frequently Asked Questions
What type of property is this?
Shopping center - Fully leased commercial plaza on a high-traffic retail corridor next to major national anchors including Walmart and H-E-B.
Where is this shopping center located?
The property is located at 4107 Conway Avenue Mission, TX.
What is the asking price?
The asking price for this property is $1,960,000.
What are key features of this property?
This property features: Fully leased commercial plaza on a north–south retail corridor off 3 Mile Line; Located on N Conway Ave next to major national retailers including Walmart and H‑E‑B; Tenant mix referenced in remarks includes Chick‑fil‑A, Starbucks, Planet Fitness, and CVS
