Office Unit with Private
New
For Sale
Contact for pricing
7218 W Expressway 83, Mission, TX 78572
A rear entry supports convenient access for office or professional operations.
Property Size14,483 SF
Price / SF$0.10
Days on Market2
Property Features for 7218 W Expressway 83
General Information
Standard status
Active
Size
14,483 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Property Use
Office
Amenities
private restroom
Building Details
Year Built
2023
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 4:09PM
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 SANETI REALTY GROUP
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office unit offers approximately 700 square feet of space, a private restroom, and a separate entrance at the rear. The property was built in 2023 and is located just off Expressway 83 in Mission, Texas. The space is identified for office or professional use.
Key Highlights
- Approximately 700 sq. ft. of office space
- Private restroom within the unit
- Separate entrance at the rear
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$242,258
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,845,160
$4.8M
Cap Rate 7%
$3,460,829
$3.5M
Cap Rate 9%
$2,691,756
$2.7M
Market Conditions
NOI Build-Up for 14,483 SF
Gross rent
$444.9K $30.72/SF
− Vacancy
−$121.9K −$8.42/SF
EGI
$323.0K $22.30/SF
− OpEx
−$80.8K −$5.58/SF
NOI
$242.3K $16.73/SF
Area
Hidalgo County, TX
Vacancy
27.40%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,845,160
Cap Rate 7%
$3,460,829
Cap Rate 9%
$2,691,756
Alternative Uses
Best Use
Office B
$3.46M
$3.03M – $4.04M
NOI $242,258 @ 7.0% cap · market cap 17,304.14%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$10.91M
$9.55M – $12.73M
NOI $763,616 @ 7.0% cap · market cap 54,544.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
225
Businesses Nearby
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
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A rear entry supports convenient access for office or professional operations.
Where is this office unit located?
The property is located at 7218 W Expressway 83 Mission, TX.
What are key features of this property?
This property features: Approximately 700 sq. ft. of office space; Private restroom within the unit; Separate entrance at the rear
