Mixed-Use Property with
New
For Sale
$350,000
7710 W Expressway 83, Mission, TX 78572
A paved site pairs former daycare space with a rear warehouse currently used as a mechanic shop.
Property Size1,800 SF
Price / SF$194.44
Days on Market2
Property Features for 7710 W Expressway 83
General Information
Standard status
Active
Size
1,800 SF
Zoning
CO
Additional Details
Mixed-Use Components
retail, warehouse
Warehouse Space
3,400 SF
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$6,333
Amenities
Tile
false
1800
3750
HidalgoCAD
21780
10
75X279
0.5
Paved
Workshop
Highway
Building Details
Building Size
1,800 SF
Year Built
1987
Buildings
2
Stories
1
Listing Agency:
Realty Executives Rio Grande Valley
(956) 539-7317
Listed By:
Cascia Diaz
Source:
Cncrealtyrgv
Added: Oct 30
Last Checked: Oct 30 at 3:51PM
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 Executives Rio Grande Valley
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Investment Insights
Based on property information with market context.
This mixed-use property includes an 1,800-square-foot commercial building at the front and a warehouse at the rear. The front building previously operated as a daycare, while the rear warehouse is currently used as a mechanic shop. The improvements date to 1987, and the site is paved.
The property comprises 0.5 acres and is zoned CO. Its address places it on W Expressway 83 in Mission.
The property comprises 0.5 acres and is zoned CO. Its address places it on W Expressway 83 in Mission.
Key Highlights
- 1,800‑square‑foot commercial building at the front of the property
- Rear warehouse currently used as a mechanic shop
- 0.5‑acre site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,225
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$364,500
$364.5K
Cap Rate 7%
$260,357
$260.4K
Cap Rate 9%
$202,500
$202.5K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$32.4K $18.00/SF
− Vacancy
−$3.2K −$1.80/SF
EGI
$29.2K $16.20/SF
− OpEx
−$10.9K −$6.07/SF
NOI
$18.2K $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 Rate 5%
$364,500
Cap Rate 7%
$260,357
Cap Rate 9%
$202,500
Alternative Uses
Best Use
Mixed Use
$260.4K
$227.8K – $303.8K
NOI $18,225 @ 7.0% cap · market cap 5.21%
Second Best
Warehouse
$164.3K
$143.8K – $191.7K
NOI $11,502 @ 7.0% cap · market cap 3.29%
Theoretical Best
Hotel Hospitality
$1.36M
$1.19M – $1.58M
NOI $94,905 @ 7.0% cap · market cap 27.12%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
143
Businesses Nearby
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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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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A paved site pairs former daycare space with a rear warehouse currently used as a mechanic shop.
Where is this mixed-use property located?
The property is located at 7710 W Expressway 83 Mission, TX.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,800‑square‑foot commercial building at the front of the property; Rear warehouse currently used as a mechanic shop; 0.5‑acre site
