Mixed-Use Plaza with
New
For Sale
$1,700,000
6107 N La Homa Road, Mission, TX 78574
A freestanding restaurant and multi-suite retail component occupy a single commercial property in Mission.
Property Size11,600 SF
Price / SF$146.55
Days on Market4
Property Features for 6107 N La Homa Road
General Information
Standard status
Active
Size
11,600 SF
Total Parking Spaces
30
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$14,639
Building Details
Building Size
11,600 SF
Year Built
2023
Buildings
2
Stories
1
Listing Agency:
Radiant Realty Services
(956) 802-3000
Listed By:
Lilibet Cantu
(956) 793-9166
Source:
Justrealty
Added: Oct 22
Changed: Oct 24
Last Checked: Oct 24 at 2:45PM
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 Radiant Realty Services
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Investment Insights
Based on property information with market context.
This mixed-use commercial property combines an 8-suite retail plaza with a freestanding restaurant of approximately 3,000 square feet. Five retail suites are leased. The property was built in 2023.
The site is at 6107 N La Homa Road in Mission, at the intersection of Mile 4 3/4 and La Homa Street.
The site is at 6107 N La Homa Road in Mission, at the intersection of Mile 4 3/4 and La Homa Street.
Key Highlights
- 8‑suite retail plaza with 5 suites leased
- Freestanding restaurant of approximately 3,000 square feet
- Built in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,450
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,349,000
$2.3M
Cap Rate 7%
$1,677,857
$1.7M
Cap Rate 9%
$1,305,000
$1.3M
Market Conditions
NOI Build-Up for 11,600 SF
Gross rent
$208.8K $18.00/SF
− Vacancy
−$20.9K −$1.80/SF
EGI
$187.9K $16.20/SF
− OpEx
−$70.5K −$6.07/SF
NOI
$117.5K $10.13/SF
Area
Hidalgo County, TX
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,349,000
Cap Rate 7%
$1,677,857
Cap Rate 9%
$1,305,000
Alternative Uses
Best Use
Specialty Retail
$2.40M
$2.10M – $2.81M
NOI $168,348 @ 7.0% cap · market cap 9.90%
Second Best
Retail
$2.24M
$1.96M – $2.61M
NOI $156,625 @ 7.0% cap · market cap 9.21%
Theoretical Best
Hotel Hospitality
$8.74M
$7.65M – $10.19M
NOI $611,610 @ 7.0% cap · market cap 35.98%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
277
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A freestanding restaurant and multi-suite retail component occupy a single commercial property in Mission.
Where is this mixed-use property located?
The property is located at 6107 N La Homa Road Mission, TX.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 8‑suite retail plaza with 5 suites leased; Freestanding restaurant of approximately 3,000 square feet; Built in 2023
