H-E-B Shadow-Anchored Retail
For Sale
Contact for pricing
708 N Conway Ave, Mission, TX 78572
Retail center with value-add upside in high-growth corridor.
Property Size13,534 SF
Price / SF$236.44
Days on Market147
Property Features for 708 N Conway Ave
General Information
Standard status
Active
Size
13,534 SF
Class
B
Property subtype
Retail
Occupancy
100%
Lease Type
Gross
Investment Type
Value Add
Net Operating Income
$223,265
Building Details
Year Built
1997
Tenancy
Multi
Listing Agency:
ICO Real Estate Advisors, LLC
Listed By:
Alejandro Garza, MPSRE, CCIM · License #TREC # 0613334
Source:
Crexi
Added: May 23
Changed: Oct 8
Last Checked: Oct 16 at 7:34AM
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 ICO Real Estate Advisors, LLC
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Investment Insights
Based on property information with market context.
This H-E-B shadow-anchored retail center is offered for sale. Located within a high-growth corridor and surrounded by national retailers, the property provides stable in-place cash flow. There is potential for value-add upside through the ability to increase below-market rates. The property is located in one of South Texas' fastest-growing markets. The property has a size of 13534 square feet.
Key Highlights
- H‑E‑B shadow‑anchored retail center
- Located within a high‑growth corridor
- Stable in‑place cash flow from day one
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$182,738
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,654,760
$3.7M
Cap Rate 7%
$2,610,543
$2.6M
Cap Rate 9%
$2,030,422
$2.0M
Market Conditions
NOI Build-Up for 13,534 SF
Gross rent
$277.7K $20.52/SF
− Vacancy
−$16.7K −$1.23/SF
EGI
$261.1K $19.29/SF
− OpEx
−$78.3K −$5.79/SF
NOI
$182.7K $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 Rate 5%
$3,654,760
Cap Rate 7%
$2,610,543
Cap Rate 9%
$2,030,422
Alternative Uses
Best Use
Retail
$2.61M
$2.28M – $3.05M
NOI $182,738 @ 7.0% cap · market cap 5.71%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$10.19M
$8.92M – $11.89M
NOI $713,580 @ 7.0% cap · market cap 22.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
782
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 78572, TX
78,280
Population
32,696
Households
2.4
Avg Household Size
36
Median Age
25%
College-Educated
75%
High-School Grad
53.7 sq mi
ZIP Area
1,458
Density / Sq Mi
$54,029
Median Household Income
$30,004
Median Earnings
$900
Median Rent
$121,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- White Kristal Plaza — 122 N Conway Ave, Mission, TX 78572
- MISSION PLAZA — 215 N Conway Ave, Mission, TX 78572
- PLAZA SAN PEDRO — 308 N Conway Ave, Mission, TX 78572
- Coin Cloud Bitcoin ATM — 820 S Conway Ave, Mission, TX 78572
- Sandy's Fine Jewelry — 703 E 9th St, Mission, TX 78572, United States
Frequently Asked Questions
What type of property is this?
Shopping center - Retail center with value-add upside in high-growth corridor.
Where is this shopping center located?
The property is located at 708 N Conway Ave Mission, TX.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: H‑E‑B shadow‑anchored retail center; Located within a high‑growth corridor; Stable in‑place cash flow from day one
