Commercial Property on Mile
For Sale
Contact for pricing
6800 Mile 4 Road, Mission, TX 78574
Commercial property with mechanic shop, living area, and ample parking.
Property Size2,672 SF
Lot Size0.50 Acres
Price / SF$74.85
Days on Market1022
Property Features for 6800 Mile 4 Road
General Information
Standard status
Active
Size
2,672 SF
Total Parking Spaces
7
Lot size
0.50 Acres
Property subtype
Retail
Zoning
RS
Building Details
Year Built
2007
Listing Agency:
BIG Realty
(956) 483-0515
Listed By:
Rosendo Benitez
Source:
Crexi
Added: Nov 11, 2023
Changed: Aug 16
Last Checked: Aug 28 at 9:20PM
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 BIG Realty
Investment Insights
Based on property information with market context.
This commercial property, situated on over half an acre, is currently operating as a diesel mechanic shop. The structure includes a carport suitable for three vehicles or semi-trucks, along with four parking spots specifically designated for semi-trucks. Inside, there is a full bathroom for employees, as well as an office and lobby area. The shop also features a second-floor living area, complete with one bedroom, a laundry area, a full bathroom, a kitchen, and a living area. The building size is 2672 square feet. Located just off Mile 4 Road, the property offers potential for various commercial uses.
Key Highlights
- Commercial property operating as a diesel mechanic shop
- Over half an acre of land near Mile 3
- Carport for 3 vehicles/semi‑trucks and 4 semi‑truck parking spots
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
$14,061
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
7.03%
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%
$281,220
$281.2K
Cap Rate 7%
$200,871
$200.9K
Cap Rate 9%
$156,233
$156.2K
Market Conditions
NOI Build-Up for 2,672 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
$21.5K $8.04/SF
− Vacancy
−$1.4K −$0.52/SF
EGI
$20.1K $7.52/SF
− OpEx
−$6.0K −$2.26/SF
NOI
$14.1K $5.26/SF
Area
Hidalgo County, TX
Vacancy
6.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
30.00%
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%
$281,220
Cap Rate 7%
$200,871
Cap Rate 9%
$156,233
Alternative Uses
Best Use
Retail
$515.4K
$451.0K – $601.3K
NOI $36,078 @ 7.0% cap · market cap 18.04%
Second Best
Industrial
$200.9K
$175.8K – $234.4K
NOI $14,061 @ 7.0% cap · market cap 7.03%
Theoretical Best
Hotel Hospitality
$2.01M
$1.76M – $2.35M
NOI $140,881 @ 7.0% cap · market cap 70.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
Well-served
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Valley Auto Shop — Mission, TX 78574
- Victor’s Tire Shop — 4807 N Doffing Rd, Mission, TX 78574
- Llantera Los 2 Hermanos — 4917 N Doffing Rd, Mission, TX 78574
- Vik's Transmission Performance — 4902 N Abram Rd, Mission, TX 78574
- O&A Auto Diagnostics — 6712 W Mile 4 Rd, Mission, TX 78574
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial property with mechanic shop, living area, and ample parking.
Where is this auto shop located?
The property is located at 6800 Mile 4 Road Mission, TX.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Commercial property operating as a diesel mechanic shop; Over half an acre of land near Mile 3; Carport for 3 vehicles/semi‑trucks and **4 semi‑truck parking spots**
