Leased Restaurant and Retail
802 E 1st Street Mission, TX 78572
802 E 1st Street, Mission, TX, 78572
$575,000
For Sale
$575,000
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 Market335
Property Features for 802 E 1st Street
General Information
- Standard status
- Active
- Size
- 3,520 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1985
Listing agency
Monarca Real Estate Group Llc
(956) 742-9794
Listed by
Ariana Cuevas
(956) 742-9794
Source
Xome
Added: Aug 21, 2025 Updated: Jul 21 at 1:43AM Checked: Jul 21 at 3:00AM
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
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.2k | $20.52 |
| − Vacancy | −$4.1k | −$1.17 |
| EGI | $68.1k | $19.35 |
| − OpEx | −$17.0k | −$4.84 |
| NOI | $51.1k | $14.51 |
3,520 SF · lease $20.52/SF/yr · vacancy 5.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$729.8K
$638.6K – $851.4K
NOI $51,085 @ 7.0% cap · market cap 8.88%
Second Best
Retail
$679.0K
$594.1K – $792.1K
NOI $47,528 @ 7.0% cap · market cap 8.27%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
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 E 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
