Retail Property with Income Potential

5605 W Mile 3 Rd, Mission, TX 78574

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Retail property with apartment, deli, and trailer income potential.

Type:Retail

Property size:

8,100 SF

Price / SF:

$216/SF

HighLights

High traffic count (over 12,000 cars per day) offers significant business potential.
Existing apartment provides immediate rental income of $2,750 per month.
Deli kitchen in place, ready to reopen and generate additional revenue.
Opportunity to reinstate grocery, gas, and check‑cashing services.
Additional income potential from trailer home rental ($350/month).
Property is not located in a Municipal Utility District.

We can help!

Listing Contact

Leonard Seiple

For Sale

Contact for pricing

Retail property with apartment, deli, and trailer income potential.

Type:Retail

Property size:

8,100 SF

Price / SF:

$216/SF

Added:: May 16, 2022
Days on Market:: 1485
Last Refresh:: May 12 at 9:23 pm

Property Features for 5605 W Mile 3 Rd

General Information

Standard status: Active
Size: 8,100 SF
Property subtype: Retail

Building Details

Year Built: 1987

We can help!

Listing Contact

Leonard Seiple

Listing agent Leonard Seiple License #TX 0444824

Listing office Dallas Business Realty

Listing date May 16, 2022

Source Crexi

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 Dallas Business Realty

HighLights

High traffic count (over 12,000 cars per day) offers significant business potential.
Existing apartment provides immediate rental income of $2,750 per month.
Deli kitchen in place, ready to reopen and generate additional revenue.
Opportunity to reinstate grocery, gas, and check‑cashing services.
Additional income potential from trailer home rental ($350/month).
Property is not located in a Municipal Utility District.

Overview

This commercial property offers significant potential for various business ventures. Previously utilized for groceries and check cashing, the property transitioned to easier merchandise sales due to the owner's health considerations. The location benefits from high traffic, with TXDOT reporting over 12,000 cars per day. The property includes an apartment, currently rented to a tenant at $2,750 per month, providing immediate income. A deli kitchen is in place and ready to be reopened. An additional trailer home situated on an extra lot is leased to a relative for $350 per month; the purchase of this trailer home is negotiable with the seller. The property has a septic tank and uses propane gas, as gas lines and sewer access are not currently available. The building size is 8,100 square feet. This property is not located in a Municipal Utility District.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$166.2k	$20.52
− Vacancy	−$9.5k	−$1.17
EGI	$156.7k	$19.35
− OpEx	−$39.2k	−$4.84
NOI	$117.6k	$14.51

8,100 SF · lease $20.52/SF/yr · vacancy 5.70% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$1.68M

$1.47M – $1.96M (±1% cap)

NOI $117,553 @ 7.0% cap · market cap 6.72%

Second Best

Retail

$1.56M

$1.37M – $1.82M (±1% cap)

NOI $109,367 @ 7.0% cap · market cap 6.25%

Theoretical Best

Hotel Hospitality

$6.10M

$5.34M – $7.12M (±1% cap)

NOI $427,073 @ 7.0% cap · market cap 24.40%

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

Property Profile Location Intelligence

Current Use by Public Records

Grocery and convenience stores

Suggested Use

Similar Places Nearby

Tío Jerry Supermarket — 3448N FM492, Mission, TX 78574

Location Insight

Map
Local Demand

City: Mission
County: Hidalgo
State: Texas
Longitude: -98.3816152
Latitude: 26.266863

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What type of property is this?

Grocery and convenience store - Retail property with apartment, deli, and trailer income potential.

Where is this grocery and convenience store located?

The property is located at 5605 W Mile 3 Rd Mission, TX.

What is the asking price?

The asking price for this property is $1,750,000.

What are key features of this property?

This property features: High traffic count (over 12,000 cars per day) offers significant business potential.; Existing apartment provides immediate rental income of $2,750 per month.; Deli kitchen in place, ready to reopen and generate additional revenue.