Grocery and Convenience
904 W US Highway Business 83, Mission, TX 78572
For Sale
$400,000
Commercial Sale, Mission, TX
Property Size1,823 SF
Lot Size0.49 Acres
Price / SF$219.42
Days on Market120
Property Features for 904 W US Highway Business 83
General Information
Property type
Property subtype
Parking
Appliances
Subdivision
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Building Details
Year built
Floors in Building
Building materials
Roof type
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Bry Lyce Talice
(702) 340-0294
Added: Jul 14
Changed: Oct 19
Last Checked: Nov 10 at 9:06PM
MLS# 508152
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.
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Investment Insights
Based on property information with market context.
This grocery and convenience store property contains 1,823 square feet on a 0.4927-acre parcel. The building was constructed in 2014 and features stucco exterior walls, a metal roof, and an electric water heater. Its placement along 904 W US Highway Business 83 provides a recognizable commercial address in Mission, Texas.
The property is associated with an established specialty retail business that has operated for more than 20 years and serves the Palmview community. The offering is presented as a lease-to-own opportunity, with transition guidance from the current owner available to a new operator.
The property is associated with an established specialty retail business that has operated for more than 20 years and serves the Palmview community. The offering is presented as a lease-to-own opportunity, with transition guidance from the current owner available to a new operator.
Key Highlights
- 1,823‑square‑foot grocery and convenience store property
- 0.4927‑acre parcel at 904 W US Highway Business 83, Mission, TX 78572
- Constructed in 2014
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,457
Cap Rate
6.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$529,140
$529.1K
Cap Rate 7%
$377,957
$378.0K
Cap Rate 9%
$293,967
$294.0K
Market Conditions
NOI Build-Up for 1,823 SF
Gross rent
$37.4K $20.52/SF
− Vacancy
−$2.1K −$1.17/SF
EGI
$35.3K $19.35/SF
− OpEx
−$8.8K −$4.84/SF
NOI
$26.5K $14.51/SF
Area
Hidalgo County, TX
Vacancy
5.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$529,140
Cap Rate 7%
$377,957
Cap Rate 9%
$293,967
Alternative Uses
Best Use
Specialty Retail
$378.0K
$330.7K – $441.0K
NOI $26,457 @ 7.0% cap · market cap 6.61%
Second Best
Retail
$351.6K
$307.7K – $410.2K
NOI $24,614 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$641.3K
$561.1K – $748.2K
NOI $44,890 @ 7.0% cap · market cap 11.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
122
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- La México Carniceria — Palmview South, TX 78572
- Super Morelos #2 — 207 W Palma Vista Dr, Palmview, TX 78572
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Retail building with stucco construction, a metal roof, and direct placement along US Highway Business 83.
Where is this grocery and convenience store located?
The property is located at 904 W US Highway Business 83 Mission, TX.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 1,823‑square‑foot grocery and convenience store property; 0.4927‑acre parcel at 904 W US Highway Business 83, Mission, TX 78572; Constructed in 2014
