Automotive Retail
New
For Sale
$995,000
5511 North Texas Boulevard, Weslaco, TX 78596
Retail facility occupied by NAPA Auto Parts under a corporate lease extending through November 30, 2027.
Property Size6,400 SF
Price / SF$155.47
Days on Market2
Property Features for 5511 North Texas Boulevard
General Information
Standard status
Active
Size
6,400 SF
Property subtype
Retail
Listed By:
Ernest Garza
(956) 342-3636
Source:
Cbre
Added: Sep 11
Last Checked: Sep 12 at 4:40AM
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 Ernest Garza
Investment Insights
Based on property information with market context.
This 6,400-square-foot retail property at 5511 North Texas Boulevard in Weslaco is occupied by NAPA Auto Parts, a national automotive replacement-parts brand operated by Genuine Parts Company. The facility serves professional mechanics, commercial fleets, and retail customers through its automotive parts operation.
The current lease runs through November 30, 2027. Recent capital work includes parking-lot seal coating completed in December 2024 and installation of a new TPO roof in May 2025, providing updated site and building components for continued retail use.
The current lease runs through November 30, 2027. Recent capital work includes parking-lot seal coating completed in December 2024 and installation of a new TPO roof in May 2025, providing updated site and building components for continued retail use.
Key Highlights
- 6,400‑square‑foot automotive retail facility
- Occupied by NAPA Auto Parts, operated by Genuine Parts Company
- Corporate lease extends through November 30, 2027
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
$86,414
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
8.68%
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%
$1,728,280
$1.7M
Cap Rate 7%
$1,234,486
$1.2M
Cap Rate 9%
$960,156
$960.2K
Market Conditions
NOI Build-Up for 6,400 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
$131.3K $20.52/SF
− Vacancy
−$7.9K −$1.23/SF
EGI
$123.4K $19.29/SF
− OpEx
−$37.0K −$5.79/SF
NOI
$86.4K $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 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%
$1,728,280
Cap Rate 7%
$1,234,486
Cap Rate 9%
$960,156
Alternative Uses
Best Use
Retail
$1.23M
$1.08M – $1.44M
NOI $86,414 @ 7.0% cap · market cap 8.68%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$4.82M
$4.22M – $5.62M
NOI $337,440 @ 7.0% cap · market cap 33.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
75
Businesses Nearby
2k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Watermill Express
Shops & Services
2,411 visits/mo
0.2 miles
Demographics for 78596, TX
37,329
Population
15,824
Households
2.4
Avg Household Size
36
Median Age
21%
College-Educated
75%
High-School Grad
40.1 sq mi
ZIP Area
931
Density / Sq Mi
$53,797
Median Household Income
$31,618
Median Earnings
$917
Median Rent
$92,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail facility occupied by NAPA Auto Parts under a corporate lease extending through November 30, 2027.
Where is this retail space located?
The property is located at 5511 North Texas Boulevard Weslaco, TX.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 6,400‑square‑foot automotive retail facility; Occupied by NAPA Auto Parts, operated by Genuine Parts Company; Corporate lease extends through November 30, 2027
