Flex Building with Fenced
511 W 11th Street Mission, TX 78572
511 W 11th Street, Mission, TX, 78572
$195,000
For Sale
$195,000
Fenced yard with a manual gate supports office and inventory use in this approximately 1,500 SF building.
Property Size1,575 SF
Price / SF$123.81
Days on Market878
Property Features for 511 W 11th Street
General Information
- Standard status
- Active
- Size
- 1,575 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 2016
Listing agency
Nexthome Rgv Realty
(956) 283-6338
Listed by
Ronnie Ontiveros · License #0528977,PersonLicenseNumber
(956) 283-6338
Source
Xome
Added: Feb 24, 2024 Updated: Jul 20 at 5:33PM Checked: Jul 21 at 3:14AM
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 Nexthome Rgv Realty
Investment Insights
Based on property information with market context.
This flex-style building is set up for office use and for storing inventory, with approximately 1,500 square feet of space. The property includes a fenced yard and a manual gate, creating a practical enclosed area for added storage or parking needs.
Located between Holland and Conway off of Tom Landry, the site is positioned in an area described as high-traffic, providing visibility and convenient access for business operations.
The layout supports combining a work space with space to keep inventory on-site, while the yard helps separate and organize outdoor storage or vehicle parking.
Located between Holland and Conway off of Tom Landry, the site is positioned in an area described as high-traffic, providing visibility and convenient access for business operations.
The layout supports combining a work space with space to keep inventory on-site, while the yard helps separate and organize outdoor storage or vehicle parking.
Key Highlights
- Approximately 1,500 SF building set up for office or store inventory
- Central air cooling
- Fenced yard with a manual gate for added utility
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $12.7k | $8.04 |
| − Vacancy | −$823 | −$0.52 |
| EGI | $11.8k | $7.52 |
| − OpEx | −$3.6k | −$2.26 |
| NOI | $8.3k | $5.26 |
1,575 SF · lease $8.04/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$376.4K
$329.3K – $439.1K
NOI $26,345 @ 7.0% cap · market cap 13.51%
Second Best
Industrial
$118.4K
$103.6K – $138.1K
NOI $8,288 @ 7.0% cap · market cap 4.25%
Theoretical Best
Hotel Hospitality
$1.19M
$1.04M – $1.38M
NOI $83,042 @ 7.0% cap · market cap 42.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Technology Training Licenses ...
Training Center
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FAQs
What type of property is this?
Flex space - Fenced yard with a manual gate supports office and inventory use in this approximately 1,500 SF building.
Where is this flex space located?
The property is located at 511 W 11th Street Mission, TX.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Approximately 1,500 SF building set up for office or store inventory; Central air cooling; Fenced yard with a manual gate for added utility
