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    The Largest CRE Database in the US with Over 1 Million Listings

    600 Shary Rd Mission, TX 78572

    Sponsored
    For Lease
    $21 SF/Yr

    Mission, TX Retail Office Suite Available

    Lot size:
    14,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    408
    Invest in this exceptional 1,300-square-foot retail space located within the Renata Park Plaza in Mission, Texas. This Class B building, constructed in 2015, offers a prime location near Shary Road and Business 83, less than a mile from Interstate 2. The suite, situated in a one-story, eight-suite building on a one-acre lot (42,348 square feet), boasts a luxurious interior previously used as a day spa and real estate offices. Features include a spacious waiting area with a reception window, five private offices/treatment rooms, a dedicated work area, and a restroom. Ceramic tile floors and custom paint enhance the upscale aesthetic. The suite offers privacy, accessed via a staircase, making it ideal for a variety of professional services or a similar business. The property includes 30 total parking spaces and is served by single-phase power. Property taxes are $2.39 per square foot. The Hidalgo County location, within the Rio Grande Valley submarket, provides excellent access to a thriving community. This move-in ready space presents a unique opportunity for businesses seeking a sophisticated and convenient location. The total building size is 14,000 square feet, with a minimum divisible space of 1,300 square feet. The APN is 960387. The zip code is 78572.

    Property Features for 600 Shary Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,000 SF
    Class
    B
    Total Rate
    25200

    Building Details

    Year Built
    2015
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Suite H
    Size
    1,300 SF
    Rate per SF
    $21

    We can help!

    Listing Contact
    CYNTHIA HOPKINS
    CYNTHIA HOPKINS

    Learn more

    Property Insight Report

    HighLights

    • 1,300 SF retail space in Mission, TX's Renata Park Plaza (Class B, 2015 construction).
    • Prime location near Shary Rd & Business 83, <1 mile from I‑2.
    • Move‑in ready suite with private entrance, ideal for professional services.
    • Centrally located in Mission, TX.
    Property Profile Location Intelligence

    Current Use by Public Records

    SHARY CUTS Hair Salon Flash Pet Salon ... Pet Groomer Sol Beauty Hair ... Beauty Salon Renata Plaza Shopping Mall Hometrips Pastry Cake Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mission
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.286002292113
    Latitude
    26.206987012845

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    FAQs

    What type of property is this?
    Retail property - Mission, TX Retail Office Suite Available
    Where is this retail property located?
    The property is located at 600 Shary Rd Mission, TX.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: 1,300 SF retail space in Mission, TX's Renata Park Plaza (Class B, 2015 construction).; Prime location near Shary Rd & Business 83, <1 mile from I-2.; Move-in ready suite with private entrance, ideal for professional services.
    Request Owner's contact information
    600 Shary Rd Mission, TX 78572
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    Mission, TX 78572
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    600 Shary Rd Mission, TX 78572
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    We can help!
    Listing Contact
    CYNTHIA HOPKINS
    CYNTHIA HOPKINS
    Real Estate License ID: TX
    Learn more
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