Commercially Zoned
For Sale
$179,900
420 La Homa Road, Mission, TX 78572
Two residential units share a corner lot with convenient access to the expressway and nearby everyday services.
Property Size1,368 SF
Price / SF$131.51
Days on Market172
Property Features for 420 La Homa Road
General Information
Standard status
Active
Size
1,368 SF
Property subtype
General Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,451
Amenities
3
City Road, Paved Road.
Building Details
Year Built
1993
Listing Agency:
Red & Co Realty Services
(956) 560-2207
Listed By:
Christopher Bravo
(956) 862-0711
Source:
Xome
Added: Mar 15
Changed: Sep 2
Last Checked: Sep 1 at 4:04PM
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 Red & Co Realty Services
Investment Insights
Based on property information with market context.
This duplex contains 1,368 square feet and was built in 1993. The property includes two separate units, each arranged with two bedrooms and one bathroom. Commercial zoning and a corner-lot position add flexibility to the site’s existing residential configuration.
Located at 420 S La Homa Road in Mission, the property fronts a paved city road and sits near the expressway. Restaurants, schools, and convenience stores are nearby, with expressway access available within minutes.
Located at 420 S La Homa Road in Mission, the property fronts a paved city road and sits near the expressway. Restaurants, schools, and convenience stores are nearby, with expressway access available within minutes.
Key Highlights
- Two‑unit duplex with 1,368 square feet
- Each unit includes 2 bedrooms and 1 bathroom
- Commercially zoned corner‑lot property
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
$11,963
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
6.65%
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%
$239,260
$239.3K
Cap Rate 7%
$170,900
$170.9K
Cap Rate 9%
$132,922
$132.9K
Market Conditions
NOI Build-Up for 1,368 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
$19.2K $14.04/SF
− Vacancy
−$2.1K −$1.55/SF
EGI
$17.1K $12.49/SF
− OpEx
−$5.1K −$3.75/SF
NOI
$12.0K $8.74/SF
Area
Hidalgo County, TX
Vacancy
11.02%
Lease Rate
$14.04 /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%
$239,260
Cap Rate 7%
$170,900
Cap Rate 9%
$132,922
Alternative Uses
Best Use
Multifamily LT 5
$170.9K
$149.5K – $199.4K
NOI $11,963 @ 7.0% cap · market cap 6.65%
Second Best
Apartment 5plus
$157.3K
$137.7K – $183.6K
NOI $11,014 @ 7.0% cap · market cap 6.12%
Theoretical Best
Hotel Hospitality
$1.03M
$901.6K – $1.20M
NOI $72,128 @ 7.0% cap · market cap 40.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
410
Businesses Nearby
Explore this area
Business Placement
Demographics for 78572, TX
78,280
Population
32,696
Households
2.4
Avg Household Size
36
Median Age
25%
College-Educated
75%
High-School Grad
53.7 sq mi
ZIP Area
1,458
Density / Sq Mi
$54,029
Median Household Income
$30,004
Median Earnings
$900
Median Rent
$121,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units share a corner lot with convenient access to the expressway and nearby everyday services.
Where is this duplex located?
The property is located at 420 La Homa Road Mission, TX.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,368 square feet; Each unit includes 2 bedrooms and 1 bathroom; Commercially zoned corner‑lot property
