Taqueria Restaurant
For Sale
$299,000
6304 W Mile 7 Road, Mission, TX 78574
COMMERCIAL - Mission, TX
Property Size1,504 SF
Lot Size0.50 Acres
Price / SF$198.80
Days on Market157
Property Features for 6304 W Mile 7 Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C
Parking
14
Appliances
Electric Water Heater
Subdivision
Los Naranjos
Directions
NORTH ON DOFFING , WEST ON MILE 7 , PROPERTY ON THE RIGHT HAND SIDE .
Standard status
Active
APN
L628001000003700
Size
1,504 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
3276
Utilities
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Building Details
Year built
2005
Floors in Building
1
Building materials
Solid Masonry, Stone
Roof type
Composition
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Ronaldo Lacayo
(956) 578-5733
Added: Mar 21
Changed: Aug 13
Last Checked: Aug 24 at 12:06PM
MLS# 449521
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.
Investment Insights
Based on property information with market context.
This restaurant building is currently operating as a taqueria and is described as an established food concept in the property’s high-traffic setting. The property sits on an approximately 0.5027-acre lot and includes approximately 14 parking spaces. The sale includes almost all kitchen appliances, and the building is equipped with an electric water heater, electric heating, and central air conditioning.
Constructed with solid masonry and stone elements, the building was built in 2005 and features a composition roof. For businesses looking for an operational restaurant space with equipment in place, this offering provides a defined kitchen and dining use within the existing footprint.
The property is zoned C. It is located at 6304 W Mile 7 Road, Mission, TX 78574, in Hidalgo County.
Constructed with solid masonry and stone elements, the building was built in 2005 and features a composition roof. For businesses looking for an operational restaurant space with equipment in place, this offering provides a defined kitchen and dining use within the existing footprint.
The property is zoned C. It is located at 6304 W Mile 7 Road, Mission, TX 78574, in Hidalgo County.
Key Highlights
- Approximately 0.5027‑acre lot with about 14 parking spaces
- Currently operating as a taqueria restaurant
- Includes almost all kitchen appliances
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
$21,827
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
7.30%
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%
$436,540
$436.5K
Cap Rate 7%
$311,814
$311.8K
Cap Rate 9%
$242,522
$242.5K
Market Conditions
NOI Build-Up for 1,504 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
$30.9K $20.52/SF
− Vacancy
−$1.8K −$1.17/SF
EGI
$29.1K $19.35/SF
− OpEx
−$7.3K −$4.84/SF
NOI
$21.8K $14.51/SF
Area
Hidalgo County, TX
Vacancy
5.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
25.00%
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%
$436,540
Cap Rate 7%
$311,814
Cap Rate 9%
$242,522
Alternative Uses
Best Use
Specialty Retail
$311.8K
$272.8K – $363.8K
NOI $21,827 @ 7.0% cap · market cap 7.30%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.13M
$991.2K – $1.32M
NOI $79,298 @ 7.0% cap · market cap 26.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
123
Businesses Nearby
Balanced
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.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant building on a half-acre lot with solid masonry construction, central HVAC, and kitchen appliances included.
Where is this conventional restaurant located?
The property is located at 6304 W Mile 7 Road 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: Approximately 0.5027‑acre lot with about 14 parking spaces; Currently operating as a taqueria restaurant; Includes almost all kitchen appliances
