Auto Service Shop with
516 W Business 83, Mission, TX 78572
For Sale
$345,000
Pending
Commercial Sale, Mission, TX
Property Size768 SF
Lot Size0.50 Acres
Days on Market1356
Property Features for 516 W Business 83
General Information
Property type
Property subtype
Zoning
Parking
Exterior features
Fencing
Appliances
Subdivision
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Building materials
Roof type
Additional Structures
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Ramon Mancinas
(956) 400-1084
Added: Feb 20, 2023
Changed: Oct 8
Last Checked: Nov 6 at 8:06PM
MLS# 376872
Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This CO-zoned auto shop property includes a 768-square-foot building on 0.5039 acres. The site is currently used for electric auto service and features an asphalt parking area measuring 10,710 square feet. A metal roof, aluminum siding, central heating and cooling, electric water heater, storage, and a manual gate are included among the property improvements.
The property is located at 516 W Business 83 in Mission, Texas, within Hidalgo County. Gated access and the combination of building area with substantial paved parking create a practical setup for automotive operations and related commercial use. The 2003 construction provides an established physical base for the site.
The property is located at 516 W Business 83 in Mission, Texas, within Hidalgo County. Gated access and the combination of building area with substantial paved parking create a practical setup for automotive operations and related commercial use. The 2003 construction provides an established physical base for the site.
Key Highlights
- 768‑square‑foot auto service building
- 0.5039‑acre parcel with 10,710 square feet of asphalt parking
- CO zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,370
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$207,400
$207.4K
Cap Rate 7%
$148,143
$148.1K
Cap Rate 9%
$115,222
$115.2K
Market Conditions
NOI Build-Up for 768 SF
Gross rent
$15.8K $20.52/SF
− Vacancy
−$946 −$1.23/SF
EGI
$14.8K $19.29/SF
− OpEx
−$4.4K −$5.79/SF
NOI
$10.4K $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 Rate 5%
$207,400
Cap Rate 7%
$148,143
Cap Rate 9%
$115,222
Alternative Uses
Best Use
Retail
$148.1K
$129.6K – $172.8K
NOI $10,370 @ 7.0% cap · market cap 3.01%
Second Best
Warehouse
$70.1K
$61.3K – $81.8K
NOI $4,907 @ 7.0% cap · market cap 1.42%
Theoretical Best
Hotel Hospitality
$578.5K
$506.2K – $674.9K
NOI $40,493 @ 7.0% cap · market cap 11.74%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
107
Businesses Nearby
Well-served
Demand for This Use
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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
$121,900
Median Home Value
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Market
Average Price Trend$/SF for Auto shops in Hidalgo County, TX
Properties on Market for Auto shops in Hidalgo County
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Flores Transmission Services — 1204 W Business Hwy 83, Mission, TX 78572
- fuji hvlp spray systems — 1840 S Bentsen Palm Dr, Palmview, TX 78572
- 5A's Body Shop Supplies — 412 E Loop 374, Mission, TX 78572
- Orozco Motor Service — 1306 E Loop 374, Palmview, TX 78572
- Santos Auto Electric — 908 W Loop 374, Palmview, TX 78572
Frequently Asked Questions
What type of property is this?
Auto shop - CO-zoned property with a compact service building, asphalt parking, gated access, and room for additional site use.
Where is this auto shop located?
The property is located at 516 W Business 83 Mission, TX.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: 768‑square‑foot auto service building; 0.5039‑acre parcel with 10,710 square feet of asphalt parking; CO zoning
