Mission Commercial Plaza Investment
For Sale
$1,100,000
6200 N La Homa Road, Mission, TX 78574
Fully leased commercial plaza with long-term tenants and high visibility.
Property Size3,990 SF
Lot Size1.23 Acres
Price / SF$275.69
Days on Market340
Property Features for 6200 N La Homa Road
General Information
Standard status
Active
Size
3,990 SF
Lot size
1.23 Acres
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$4,953
Amenities
Central Air, Electric
20 Parking Spaces. Paved Driveway.
City Road.
Building Details
Year Built
2005
Listing Agency:
Realty One Group
(956) 905-3640
Listed By:
Dominion Real Estate · License #0778056
(956) 905-3640
Source:
Xome
Added: Sep 19, 2025
Changed: Aug 23
Last Checked: Aug 24 at 5:17AM
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 Realty One Group
Investment Insights
Based on property information with market context.
This commercial plaza in Mission presents an investment opportunity. The property features seven fully leased suites occupied by long-term tenants, generating an annual income of nearly $60,000. Situated at the intersection of N. La Homa Rd and W. Mile 5 Rd, the property benefits from high visibility along a high-traffic corridor with over 12,000 vehicles passing daily. The property is positioned on a 1.23-acre lot, offering ample room for future expansion or additional development. The property size is 3,990 square feet.
Key Highlights
- Consistent cash flow of nearly $60,000 annually from fully leased suites.
- Prime location at the intersection of N. La Homa Rd and W. Mile 5 Rd.
- High‑traffic corridor with visibility to over 12,000 vehicles daily.
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
$53,874
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
4.90%
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%
$1,077,480
$1.1M
Cap Rate 7%
$769,629
$769.6K
Cap Rate 9%
$598,600
$598.6K
Market Conditions
NOI Build-Up for 3,990 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
$81.9K $20.52/SF
− Vacancy
−$4.9K −$1.23/SF
EGI
$77.0K $19.29/SF
− OpEx
−$23.1K −$5.79/SF
NOI
$53.9K $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%
$1,077,480
Cap Rate 7%
$769,629
Cap Rate 9%
$598,600
Alternative Uses
Best Use
Retail
$769.6K
$673.4K – $897.9K
NOI $53,874 @ 7.0% cap · market cap 4.90%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$3.01M
$2.63M – $3.51M
NOI $210,373 @ 7.0% cap · market cap 19.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
277
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Iztali Plaza — 2605 W Mile 5 Rd, Mission, TX 78574
- LA HOMA PLAZA NORTE — 5700 N La Homa Rd suite h, Mission, TX 78574
Frequently Asked Questions
What type of property is this?
Shopping center - Fully leased commercial plaza with long-term tenants and high visibility.
Where is this shopping center located?
The property is located at 6200 N La Homa Road Mission, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Consistent cash flow of nearly $60,000 annually from fully leased suites.; Prime location at the intersection of N. La Homa Rd and W. Mile 5 Rd.; High‑traffic corridor with visibility to over 12,000 vehicles daily.
