Expressway Flex Space with
For Sale
$350,000
7710 W Expressway 83, Mission, TX 78572
Commercial Sale, Mission, TX
Property Size1,800 SF
Lot Size0.50 Acres
Price / SF$194.44
Days on Market143
Property Features for 7710 W Expressway 83
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CO
Parking
10
Exterior features
Workshop
Appliances
Electric Water Heater
Subdivision
Frontage Road
Directions
Going East on Expressway 83 pass Western Rd property will be on North side of the expressway
Standard status
Active
APN
F736002000002200
Size
1,800 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2022
Tax Annual Amount
6333
Building Details
Year built
1987
Floors in Building
1
Building materials
Aluminum Siding, Brick
Roof type
Composition, Metal
Additional Structures
Workshop
Listing Agency:
Realty Executives Rio Grande Valley · Realty Executives International
(956) 971-8989
Listed By:
Mere Flores · License #801065595
(956) 223-6011
Added: May 14
Changed: Sep 15
Last Checked: Oct 3 at 2:06PM
MLS# 409076
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 flex-space property includes an 1,800-square-foot commercial building at the front of the site and an approximately 3,400-square-foot warehouse toward the rear. The front building contains a large mixed-use area and previously operated as a daycare. The rear structure is currently used as a mechanic shop and includes warehouse space.
The property encompasses 0.5 acres at 7710 W Expressway 83 in Mission, Texas, with frontage identified on the recorded plat. Improvements date to 1987 and include aluminum siding, brick, metal and composition roofing, a workshop, and an electric water heater. The property is zoned CO.
The property encompasses 0.5 acres at 7710 W Expressway 83 in Mission, Texas, with frontage identified on the recorded plat. Improvements date to 1987 and include aluminum siding, brick, metal and composition roofing, a workshop, and an electric water heater. The property is zoned CO.
Key Highlights
- 1,800‑square‑foot front commercial building
- Approximately 3,400‑square‑foot rear warehouse
- Rear building currently used as a mechanic shop
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
$24,304
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
6.94%
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%
$486,080
$486.1K
Cap Rate 7%
$347,200
$347.2K
Cap Rate 9%
$270,044
$270.0K
Market Conditions
NOI Build-Up for 1,800 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
$36.9K $20.52/SF
− Vacancy
−$2.2K −$1.23/SF
EGI
$34.7K $19.29/SF
− OpEx
−$10.4K −$5.79/SF
NOI
$24.3K $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%
$486,080
Cap Rate 7%
$347,200
Cap Rate 9%
$270,044
Alternative Uses
Best Use
Retail
$347.2K
$303.8K – $405.1K
NOI $24,304 @ 7.0% cap · market cap 6.94%
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.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
160
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two-building commercial property with a front office area and rear workshop configuration.
Where is this flex space 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 front commercial building; Approximately 3,400‑square‑foot rear warehouse; Rear building currently used as a mechanic shop
