Multi-Unit Automotive
801 N Inspiration Rd, Mission, TX 78572
For Sale
$1,450,000
Four occupied units provide established rental income, with additional units available for lease.
Property Size23,740 SF
Price / SF$61.08
Days on Market19
Property Features for 801 N Inspiration Rd
General Information
Standard status
Size
Site & Location
Highway Access
Road Access
Tenancy & Operations
Tenant in Place
Real Estate Included
Additional Details
Gross Income
Taxes and HOA fees
Annual Taxes
Building Details
Tenancy
Listing Agency:
Luxoria Realty LLC
(956) 587-9526
Listed By:
Samantha Reynoso
(956) 310-8868
Source:
Exprealty
Added: Oct 22
Changed: Nov 9
Last Checked: Oct 26 at 12:54PM
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 Luxoria Realty LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This automotive property is configured with multiple rental units. Four units are currently leased, and additional units are available for lease.
The property is at the corner of Exp Old 83 and Inspiration Road in Mission, Texas.
The property is at the corner of Exp Old 83 and Inspiration Road in Mission, Texas.
Key Highlights
- Four units currently leased
- Additional units available for lease
- Corner location at Exp Old 83 and Inspiration Road in Mission, Texas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$124,924
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,498,480
$2.5M
Cap Rate 7%
$1,784,629
$1.8M
Cap Rate 9%
$1,388,044
$1.4M
Market Conditions
NOI Build-Up for 23,740 SF
Gross rent
$190.9K $8.04/SF
− Vacancy
−$12.4K −$0.52/SF
EGI
$178.5K $7.52/SF
− OpEx
−$53.5K −$2.26/SF
NOI
$124.9K $5.26/SF
Area
Hidalgo County, TX
Vacancy
6.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,498,480
Cap Rate 7%
$1,784,629
Cap Rate 9%
$1,388,044
Alternative Uses
Best Use
Retail
$4.58M
$4.01M – $5.34M
NOI $320,541 @ 7.0% cap · market cap 22.11%
Second Best
Industrial
$1.78M
$1.56M – $2.08M
NOI $124,924 @ 7.0% cap · market cap 8.62%
Theoretical Best
Office A
$8.35M
$7.31M – $9.74M
NOI $584,574 @ 7.0% cap · market cap 40.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
72
Businesses Nearby
Well-served
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
$121,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Auto shops in Hidalgo County, TX
Properties on Market for Auto shops in Hidalgo County
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Rk Speed — 106 International Blvd, Mission, TX 78572
- Euro Clinic Auto Repair — 106 International Blvd, Mission, TX 78572
- Border Engine Rebuilders — 100 International Blvd, Mission, TX 78572
Frequently Asked Questions
What type of property is this?
Auto shop - Four occupied units provide established rental income, with additional units available for lease.
Where is this auto shop located?
The property is located at 801 N Inspiration Rd Mission, TX.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Four units currently leased; Additional units available for lease; Corner location at Exp Old 83 and Inspiration Road in Mission, Texas
