Freestanding Flex
For Sale
$389,000
807 W Palma Vista Drive, Mission, TX 78572
Commercial Sale, Mission, TX
Property Size5,012 SF
Lot Size0.28 Acres
Price / SF$77.61
Days on Market198
Property Features for 807 W Palma Vista Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
18
Appliances
Water Heater (None)
Subdivision
Texas Produce Co.
Directions
Across from Materiales el Valle on the South corner of Minnesota Rd.
Standard status
Active
APN
T260000000000341
Size
5,012 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
8173
Utilities
Heating system
Electric (Heating)
Cooling system
Electric
Building Details
Year built
2009
Floors in Building
2
Building materials
Wood Siding
Roof type
Metal, Flat
Listing Agency:
Encore Fine Properties
(956) 821-6170
Listed By:
Nelda Diaz
(956) 821-6574
Added: Apr 19
Changed: Oct 8
Last Checked: Nov 2 at 7:06AM
MLS# 502200
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.
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Investment Insights
Based on property information with market context.
This freestanding flex space contains 5,012 square feet in a one-story configuration. The building previously supported restaurant and retail operations, providing an existing commercial framework for continued retail use, office functions, restaurant occupancy, showroom presentation, or warehouse and storage applications. Construction includes wood siding, a flat metal roof, electric heating, and electric cooling. The property was built in 2009.
The 0.2846-acre site is positioned on the frontage road beside I-2 / Expressway 83 in Mission, Texas. On-site parking includes 18 spaces, supporting customer, employee, or operational needs. Its highway-adjacent setting and freestanding layout provide a practical basis for an owner-user, tenant, or investor evaluating a flexible commercial property.
The 0.2846-acre site is positioned on the frontage road beside I-2 / Expressway 83 in Mission, Texas. On-site parking includes 18 spaces, supporting customer, employee, or operational needs. Its highway-adjacent setting and freestanding layout provide a practical basis for an owner-user, tenant, or investor evaluating a flexible commercial property.
Key Highlights
- 5,012‑square‑foot freestanding flex space
- 0.2846‑acre site in Mission, TX
- Located on the frontage road beside I‑2 / Expressway 83
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,026
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,520
$640.5K
Cap Rate 7%
$457,514
$457.5K
Cap Rate 9%
$355,844
$355.8K
Market Conditions
NOI Build-Up for 5,012 SF
Gross rent
$40.3K $8.04/SF
− Vacancy
−$2.6K −$0.52/SF
EGI
$37.7K $7.52/SF
− OpEx
−$5.7K −$1.13/SF
NOI
$32.0K $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 Rate 5%
$640,520
Cap Rate 7%
$457,514
Cap Rate 9%
$355,844
Alternative Uses
Best Use
Retail
$966.8K
$845.9K – $1.13M
NOI $67,673 @ 7.0% cap · market cap 17.40%
Second Best
Warehouse
$457.5K
$400.3K – $533.8K
NOI $32,026 @ 7.0% cap · market cap 8.23%
Theoretical Best
Hotel Hospitality
$3.78M
$3.30M – $4.40M
NOI $264,258 @ 7.0% cap · market cap 67.93%
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
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
412
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
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - One-story freestanding building with prior restaurant and retail use along the I-2 frontage road.
Where is this flex space located?
The property is located at 807 W Palma Vista Drive Mission, TX.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: 5,012‑square‑foot freestanding flex space; 0.2846‑acre site in Mission, TX; Located on the frontage road beside I‑2 / Expressway 83
