Gated Flex Space
New
For Sale
$725,000
8049 N Bentsen Palm Drive, Mission, TX 78574
Commercial Sale, Mission, TX
Property Size6,924 SF
Lot Size5.00 Acres
Price / SF$104.71
Days on Market3
Property Features for 8049 N Bentsen Palm Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Appliances
Electric Water Heater
Subdivision
Bentsen Groves
Directions
On Highway 107/Mile 7 turn south on Bentsen Palm Dr and drive for one mile. Property will be on your right hand side.
Standard status
Active
APN
B255000000028001
Size
6,924 SF
Lot size
5.00 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
8283
Utilities
Cooling system
Window Unit(s)
Building Details
Year built
2003
Floors in Building
1
Building materials
Aluminum Siding, Frame/Wood
Roof type
Composition
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Jaime Lee Gonzalez · License #713189
(956) 599-8400
Added: Aug 20
Last Checked: Aug 22 at 3:06PM
MLS# 513084
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 gated flex space property includes 6,924 square feet across warehouse, office, and additional structures. The improvements were built in 2003 and feature aluminum siding, frame/wood construction, composition roofing, and window unit cooling. An electric water heater is also installed.
The property encompasses approximately 5 acres at 8049 N Bentsen Palm Drive in Mission, Texas. Its combination of enclosed commercial improvements and surrounding land provides space for storage, business operations, and related commercial activities, as supported by the existing configuration.
The property encompasses approximately 5 acres at 8049 N Bentsen Palm Drive in Mission, Texas. Its combination of enclosed commercial improvements and surrounding land provides space for storage, business operations, and related commercial activities, as supported by the existing configuration.
Key Highlights
- Approximately 5 acres of land
- 6,924 square feet of property size
- Gated commercial property
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
$44,243
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
6.10%
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%
$884,860
$884.9K
Cap Rate 7%
$632,043
$632.0K
Cap Rate 9%
$491,589
$491.6K
Market Conditions
NOI Build-Up for 6,924 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
$55.7K $8.04/SF
− Vacancy
−$3.6K −$0.52/SF
EGI
$52.1K $7.52/SF
− OpEx
−$7.8K −$1.13/SF
NOI
$44.2K $6.39/SF
Area
Hidalgo County, TX
Vacancy
6.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
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%
$884,860
Cap Rate 7%
$632,043
Cap Rate 9%
$491,589
Alternative Uses
Best Use
Office B
$1.65M
$1.45M – $1.93M
NOI $115,818 @ 7.0% cap · market cap 15.97%
Second Best
Warehouse
$632.0K
$553.0K – $737.4K
NOI $44,243 @ 7.0% cap · market cap 6.10%
Theoretical Best
Hotel Hospitality
$5.22M
$4.56M – $6.08M
NOI $365,068 @ 7.0% cap · market cap 50.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
122
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 78574, TX
63,627
Population
18,309
Households
3.5
Avg Household Size
28
Median Age
16%
College-Educated
58%
High-School Grad
51.9 sq mi
ZIP Area
1,226
Density / Sq Mi
$52,536
Median Household Income
$28,029
Median Earnings
$807
Median Rent
$119,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Gated property combines warehouse, office, and additional structures for varied commercial operations.
Where is this flex space located?
The property is located at 8049 N Bentsen Palm Drive Mission, TX.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Approximately 5 acres of land; 6,924 square feet of property size; Gated commercial property
