Palmview Commercial Opportunity For
For Sale
Contact for pricing
914 W Veterans Boulevard, Mission, TX 78574
Enclosed metal structure suitable for retail, storage, or event space.
Property Size4,200 SF
Price / SF$142.62
Days on Market166
Property Features for 914 W Veterans Boulevard
General Information
Standard status
Active
Size
4,200 SF
Property subtype
Industrial, Mixed Use, Self Storage
Building Details
Year Built
1988
Buildings
1
Listing Agency:
Ursa Real Estate, LLC
(956) 631-1322
Listed By:
Grace Castro · License #839814
Source:
Crexi
Added: Mar 6
Changed: Aug 14
Last Checked: Aug 17 at 4:57PM
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 Ursa Real Estate, LLC
Investment Insights
Based on property information with market context.
This commercial property is located in Palmview, Texas. The enclosed metal structure offers versatile use, suitable for retail, storage, or event space. It can also be divided into multiple commercial units. Situated in a high-traffic area, the property provides visibility for new or expanding businesses. The property has a size of 4200 square feet. There is ample surrounding land, allowing potential for future growth, expansion, and additional parking. It is located in a rapidly developing area.
Key Highlights
- High‑traffic location in Palmview, TX offering outstanding visibility.
- Versatile enclosed metal structure suitable for retail, storage, event space, or multiple commercial units.
- Significant potential for future growth and expansion due to ample surrounding land.
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
$22,101
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
3.69%
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%
$442,020
$442.0K
Cap Rate 7%
$315,729
$315.7K
Cap Rate 9%
$245,567
$245.6K
Market Conditions
NOI Build-Up for 4,200 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
$33.8K $8.04/SF
− Vacancy
−$2.2K −$0.52/SF
EGI
$31.6K $7.52/SF
− OpEx
−$9.5K −$2.26/SF
NOI
$22.1K $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%
$442,020
Cap Rate 7%
$315,729
Cap Rate 9%
$245,567
Alternative Uses
Best Use
Industrial
$315.7K
$276.3K – $368.4K
NOI $22,101 @ 7.0% cap · market cap 3.69%
Second Best
Flex RnD
$293.2K
$256.5K – $342.1K
NOI $20,523 @ 7.0% cap · market cap 3.43%
Theoretical Best
Hotel Hospitality
$3.16M
$2.77M – $3.69M
NOI $221,445 @ 7.0% cap · market cap 36.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
413
Businesses Nearby
Under-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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Enclosed metal structure suitable for retail, storage, or event space.
Where is this flex space located?
The property is located at 914 W Veterans Boulevard Mission, TX.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: High‑traffic location in Palmview, TX offering outstanding visibility.; Versatile enclosed metal structure suitable for retail, storage, event space, or multiple commercial units.; Significant potential for future growth and expansion due to ample surrounding land.
