Mission Industrial Opportunity For
For Sale
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5004 La Homa Road, Mission, TX 78574
Warehouse and office space on a large, fenced lot.
Property Size8,460 SF
Lot Size2.73 Acres
Price / SF$103.43
Days on Market201
Property Features for 5004 La Homa Road
General Information
Standard status
Active
Size
8,460 SF
Lot size
2.73 Acres
Property subtype
Industrial
Building Details
Tenancy
Single
Listing Agency:
Coldwell Banker Commercial Rio Grande Valley
(956) 631-1322
Listed By:
Hortencia Camargo · License #TX
Source:
Crexi
Added: Feb 4
Changed: Aug 8
Last Checked: Aug 8 at 6:41AM
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 Coldwell Banker Commercial Rio Grande Valley
Investment Insights
Based on property information with market context.
This industrial property in the Mission/McAllen corridor offers approximately 8,460 square feet of warehouse and office space situated on approximately 2.73 acres. The property includes multiple service bays and clear-span work areas. A fully fenced yard is designed to accommodate equipment storage, fleet operations, fabrication, or contractor use. The site is strategically positioned within minutes of major transportation infrastructure, supporting regional logistics, cross-border trade, and industrial growth across South Texas. The property is suitable for warehouse, industrial, office unit, office space, and other commercial real estate uses.
Key Highlights
- ±8,460 SF of warehouse and office space on ±2.73 acres.
- Multiple service bays and clear‑span work areas.
- Fully fenced yard designed for equipment storage, fleet operations, fabrication, or contractor use.
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
$54,058
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
6.18%
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%
$1,081,160
$1.1M
Cap Rate 7%
$772,257
$772.3K
Cap Rate 9%
$600,644
$600.6K
Market Conditions
NOI Build-Up for 8,460 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
$68.0K $8.04/SF
− Vacancy
−$4.4K −$0.52/SF
EGI
$63.6K $7.52/SF
− OpEx
−$9.5K −$1.13/SF
NOI
$54.1K $6.39/SF
Area
Hidalgo County, TX
Vacancy
6.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
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%
$1,081,160
Cap Rate 7%
$772,257
Cap Rate 9%
$600,644
Alternative Uses
Best Use
Office B
$2.02M
$1.77M – $2.36M
NOI $141,511 @ 7.0% cap · market cap 16.17%
Second Best
Warehouse
$772.3K
$675.7K – $901.0K
NOI $54,058 @ 7.0% cap · market cap 6.18%
Theoretical Best
Hotel Hospitality
$6.37M
$5.58M – $7.43M
NOI $446,054 @ 7.0% cap · market cap 50.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
91
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse and office space on a large, fenced lot.
Where is this warehouse located?
The property is located at 5004 La Homa Road Mission, TX.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: ±8,460 SF of warehouse and office space on ±2.73 acres.; Multiple service bays and clear‑span work areas.; Fully fenced yard designed for equipment storage, fleet operations, fabrication, or contractor use.
