Leased Restaurant and Retail
For Sale
$575,000
802 1st Street, Mission, TX 78572
Fully leased commercial plaza with two suites: a equipped restaurant and an operating beauty salon.
Property Size3,520 SF
Price / SF$163.35
Days on Market479
Property Features for 802 1st Street
General Information
Standard status
Active
Size
3,520 SF
Property subtype
General Commercial
Occupancy
100%
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$4,807
Amenities
Central Air
3
17 Parking Spaces. Paved Driveway, Handicap Parking.
City Road, Paved Road.
Building Details
Year Built
1985
Tenancy
Multi
Listing Agency:
Monarca Real Estate Group Llc
(956) 742-9794
Listed By:
Ariana Cuevas
(956) 742-9794
Source:
Xome
Added: May 4, 2025
Changed: Aug 16
Last Checked: Aug 24 at 3:19AM
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 Monarca Real Estate Group Llc
Investment Insights
Based on property information with market context.
This fully leased commercial plaza offers two income-generating suites. Suite 1 is a fully equipped restaurant, ready for immediate operation. Suite 2 is currently operating as a beauty salon with a stable tenant in place.
The property is presented as having strong visibility and steady traffic based on the seller’s remarks.
The configuration supports dual-use income from the restaurant concept and the beauty salon suite within the same commercial plaza.
The property is presented as having strong visibility and steady traffic based on the seller’s remarks.
The configuration supports dual-use income from the restaurant concept and the beauty salon suite within the same commercial plaza.
Key Highlights
- Fully leased commercial plaza with 2 income‑generating suites
- Suite 1: fully equipped restaurant, ready for immediate operation
- Suite 2: operating beauty salon with a stable tenant in place
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
$51,085
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
8.88%
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%
$1,021,700
$1.0M
Cap Rate 7%
$729,786
$729.8K
Cap Rate 9%
$567,611
$567.6K
Market Conditions
NOI Build-Up for 3,520 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
$72.2K $20.52/SF
− Vacancy
−$4.1K −$1.17/SF
EGI
$68.1K $19.35/SF
− OpEx
−$17.0K −$4.84/SF
NOI
$51.1K $14.51/SF
Area
Hidalgo County, TX
Vacancy
5.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
25.00%
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%
$1,021,700
Cap Rate 7%
$729,786
Cap Rate 9%
$567,611
Alternative Uses
Best Use
Specialty Retail
$729.8K
$638.6K – $851.4K
NOI $51,085 @ 7.0% cap · market cap 8.88%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$2.65M
$2.32M – $3.09M
NOI $185,592 @ 7.0% cap · market cap 32.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
816
Businesses Nearby
Under-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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully leased commercial plaza with two suites: a equipped restaurant and an operating beauty salon.
Where is this conventional restaurant located?
The property is located at 802 1st Street Mission, TX.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Fully leased commercial plaza with 2 income‑generating suites; Suite 1: fully equipped restaurant, ready for immediate operation; Suite 2: operating beauty salon with a stable tenant in place
