Freestanding Mixed-Use
New
For Sale
$389,000
807 W Palma Vista Drive, Mission, TX 78572
The single-story building includes retail areas alongside warehouse and storage space.
Property Size5,012 SF
Lot Size0.28 Acres
Price / SF$77.61
Days on Market4
Property Features for 807 W Palma Vista Drive
General Information
Standard status
Active
Size
5,012 SF
Total Parking Spaces
18
Lot size
0.28 Acres
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Mixed-Use Components
retail, warehouse
Additional Details
Warehouse Space
918 SF
Taxes and HOA fees
Annual Taxes
$8,173
Amenities
Storage
Building Details
Building Size
5,012 SF
Year Built
2009
Buildings
1
Stories
2
Listing Agency:
JUST REALTY
Listed By:
Monica M Rodriguez Garza
(956) 655-8906
Source:
Justrealty
Added: Oct 22
Changed: Oct 24
Last Checked: Oct 24 at 2:55PM
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 JUST REALTY
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Investment Insights
Based on property information with market context.
This freestanding, single-story mixed-use property contains approximately 5,012 square feet. Its retail areas are accompanied by warehouse and storage space. The building dates to 2009 and sits on a 0.28-acre lot with 18 parking spaces.
The property is in Mission, along the frontage road serving I-2 / Expressway 83. Its previous uses included restaurant and retail operations; the described potential uses also include office, showroom, and warehouse functions.
The property is in Mission, along the frontage road serving I-2 / Expressway 83. Its previous uses included restaurant and retail operations; the described potential uses also include office, showroom, and warehouse functions.
Key Highlights
- Approximately 5,012 SF in a freestanding, single‑story building
- 0.28‑acre lot with 18 parking spaces
- Located on the frontage road serving 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
Mixed Use
$725.0K
$634.3K – $845.8K
NOI $50,747 @ 7.0% cap · market cap 13.05%
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
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
433
Businesses Nearby
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 Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The single-story building includes retail areas alongside warehouse and storage space.
Where is this mixed-use property 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: Approximately 5,012 SF in a freestanding, single‑story building; 0.28‑acre lot with 18 parking spaces; Located on the frontage road serving I‑2 / Expressway 83
