Freestanding Retail with
For Sale
$389,000
807 W Palma Vista Drive, Mission, TX 78572
COMMERCIAL - Mission, TX
Property Size5,012 SF
Lot Size0.28 Acres
Price / SF$77.61
Days on Market103
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
Flat, Metal
Listing Agency:
Encore Fine Properties
(956) 821-6170
Listed By:
Nelda Diaz
(956) 821-6574
Added: Apr 19
Changed: Jul 29
Last Checked: Jul 30 at 4:06PM
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.
Investment Insights
Based on property information with market context.
This freestanding, one-story commercial property includes approximately 5,012 SF total, with about 4,382 SF of retail space and 918 SF of warehouse or storage space. The prior configuration operated as both a restaurant and retail store, and the layout is described as flexible for uses such as retail, office, restaurant, showroom, or warehouse, subject to applicable approvals. The site sits on a 0.28-acre lot and includes 18 parking spaces.
The property is located at 807 W Palma Vista Drive in Mission, TX, positioned right off I-2 / Expressway 83 on the frontage road. The listing notes strong access and visibility from the frontage road.
For tenants, buyers, or operators seeking a functional blend of storefront and back-of-house space, the existing retail and warehouse/storage split can support a range of day-to-day operating models, from showroom-style use to storage and light distribution. The listing is offered for sale with an owner indicating openness to negotiation, with the property potentially suited for an owner-user considering renovation, repositioning, or redevelopment.
The property is located at 807 W Palma Vista Drive in Mission, TX, positioned right off I-2 / Expressway 83 on the frontage road. The listing notes strong access and visibility from the frontage road.
For tenants, buyers, or operators seeking a functional blend of storefront and back-of-house space, the existing retail and warehouse/storage split can support a range of day-to-day operating models, from showroom-style use to storage and light distribution. The listing is offered for sale with an owner indicating openness to negotiation, with the property potentially suited for an owner-user considering renovation, repositioning, or redevelopment.
Key Highlights
- Freestanding one‑story commercial property in Mission, TX built in 2009
- Approx. 5,012 SF total: 4,382 SF retail space plus 918 SF warehouse/storage
- 0.28‑acre lot with 18 parking spaces
Financial Insights For Warehouse
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 | $40.3k | $8.04 |
| − Vacancy | −$2.6k | −$0.52 |
| EGI | $37.7k | $7.52 |
| − OpEx | −$5.7k | −$1.13 |
| NOI | $32.0k | $6.39 |
5,012 SF · lease $8.04/SF/yr · vacancy 6.50% · expense 15.00%
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.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
433
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Freestanding one-story property combines retail and warehouse/storage space with ample on-site parking.
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: Freestanding one‑story commercial property in Mission, TX built in 2009; Approx. 5,012 SF total: 4,382 SF retail space plus 918 SF warehouse/storage; 0.28‑acre lot with 18 parking spaces
