Mixed-Use Event
For Sale
$299,000
6200 N Bentsen Palm Drive, Mission, TX 78574
Paved event venue with a separately accessed leased residence, covered canopy, pool, and dedicated event amenities.
Property Size1,225 SF
Price / SF$244.08
Days on Market191
Property Features for 6200 N Bentsen Palm Drive
General Information
Standard status
Active
Size
1,225 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$4,291
Amenities
Central Air, Electric
3
Parking.
24 Parking Spaces. Off Street.
Handicapped Access. City Road.
Building Details
Year Built
2018
Listing Agency:
Big Realty
(956) 576-3282
Listed By:
Fernando Corral Sandoval
(956) 576-3282
Source:
Xome
Added: Feb 20
Changed: Aug 30
Last Checked: Aug 30 at 4:17AM
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 Big Realty
Investment Insights
Based on property information with market context.
This 2018 mixed-use property combines a fully equipped paved event venue with a leased 3-bedroom, 1-bath residence. The event area includes a large covered canopy, men’s and women’s restrooms, a bar, grilling station, refrigeration, built-in coolers, and a pool with mesh shade. Separate entrances serve the residence and event space, while the property is fully fenced for private use.
The site encompasses 0.50 acre on N Bentsen Palm Drive across from Salinas Middle School, with access from a high-traffic city road. On-site parking includes 24+ spaces, with additional overflow available. The event layout is suited to birthdays, graduations, baby showers, gender reveals, private events, and other gatherings identified in the property information.
The site encompasses 0.50 acre on N Bentsen Palm Drive across from Salinas Middle School, with access from a high-traffic city road. On-site parking includes 24+ spaces, with additional overflow available. The event layout is suited to birthdays, graduations, baby showers, gender reveals, private events, and other gatherings identified in the property information.
Key Highlights
- 0.50‑acre mixed‑use property on N Bentsen Palm Drive
- Fully equipped, paved event space with a large covered canopy
- 3‑bedroom, 1‑bath residence currently leased
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
$12,403
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
4.15%
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%
$248,060
$248.1K
Cap Rate 7%
$177,186
$177.2K
Cap Rate 9%
$137,811
$137.8K
Market Conditions
NOI Build-Up for 1,225 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
$22.1K $18.00/SF
− Vacancy
−$2.2K −$1.80/SF
EGI
$19.8K $16.20/SF
− OpEx
−$7.4K −$6.07/SF
NOI
$12.4K $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 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%
$248,060
Cap Rate 7%
$177,186
Cap Rate 9%
$137,811
Alternative Uses
Best Use
Mixed Use
$177.2K
$155.0K – $206.7K
NOI $12,403 @ 7.0% cap · market cap 4.15%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$922.7K
$807.4K – $1.08M
NOI $64,588 @ 7.0% cap · market cap 21.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
199
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Paved event venue with a separately accessed leased residence, covered canopy, pool, and dedicated event amenities.
Where is this mixed-use property located?
The property is located at 6200 N Bentsen Palm Drive Mission, TX.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 0.50‑acre mixed‑use property on N Bentsen Palm Drive; Fully equipped, paved event space with a large covered canopy; 3‑bedroom, 1‑bath residence currently leased
