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Mission Commercial Plaza Investment Opportunity

6200 N La Homa Road, Mission, TX 78574

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For Sale

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Fully leased commercial plaza with long-term tenants and high visibility.

Type:Office, Retail

Property size:

3,990 SF

Lot size:

1.23 Acres

Price / SF:

$238/SF

HighLights

Consistent cash flow of nearly $60,000 annually from fully leased suites.
Prime location at the intersection of N. La Homa Rd and W. Mile 5 Rd.
High‑traffic corridor with visibility to over 12,000 vehicles daily.
Spacious 1.23‑acre lot with ample room for future expansion or additional development.
Seven fully leased suites occupied by long‑term tenants.
Well‑established commercial plaza built in 2005.

We can help!

Contact an agent

Melissa Velazquez

For Sale

Contact for pricing

Fully leased commercial plaza with long-term tenants and high visibility.

Type:Office, Retail

Property size:

3,990 SF

Lot size:

1.23 Acres

Price / SF:

$238/SF

Added:: Aug 25, 2024
Days on Market:: 684
Last Refresh:: Jun 22 at 10:04 pm

Property Features for 6200 N La Homa Road

General Information

Standard status: Active
Size: 3,990 SF
Lot size: 1.23 Acres
Property subtype: Office, Retail

Building Details

Year Built: 2005

We can help!

Contact an agent

Melissa Velazquez

Listing office Realty One Group

Listing date Aug 25, 2024

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 Realty One Group

HighLights

Consistent cash flow of nearly $60,000 annually from fully leased suites.
Prime location at the intersection of N. La Homa Rd and W. Mile 5 Rd.
High‑traffic corridor with visibility to over 12,000 vehicles daily.
Spacious 1.23‑acre lot with ample room for future expansion or additional development.
Seven fully leased suites occupied by long‑term tenants.
Well‑established commercial plaza built in 2005.

Overview

This commercial plaza in Mission presents an investment opportunity. The property features seven fully leased suites occupied by long-term tenants, generating an annual income of nearly $60,000. Situated at the intersection of N. La Homa Rd and W. Mile 5 Rd, the property benefits from high visibility along a high-traffic corridor with over 12,000 vehicles passing daily. The property is positioned on a 1.23-acre lot, offering ample room for future expansion or additional development. The property size is 3,990 square feet.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$122.6k	$30.72
− Vacancy	−$33.6k	−$8.42
EGI	$89.0k	$22.30
− OpEx	−$22.2k	−$5.58
NOI	$66.7k	$16.73

3,990 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%

Alternative Uses

Best Use

Office B

$953.4K

$834.3K – $1.11M (±1% cap)

NOI $66,741 @ 7.0% cap · market cap 7.03%

Second Best

Retail

$769.6K

$673.4K – $897.9K (±1% cap)

NOI $53,874 @ 7.0% cap · market cap 5.67%

Theoretical Best

Hotel Hospitality

$3.01M

$2.63M – $3.51M (±1% cap)

NOI $210,373 @ 7.0% cap · market cap 22.14%

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

Property Profile Location Intelligence

Current Use by Public Records

Sophie's Shop Clothing & Fashion Store Pronto Insurance Insurance Agency The Cuhh Beauty Salon/Barber ... Barber Shop Boost Mobile Mobile Phone Store Valley Auto Colors Hardware & Home Improvement

Suggested Use

Location Insight

Map
Local Demand

City: Mission
County: Hidalgo
State: Texas
Longitude: -98.3515963
Latitude: 26.290947

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For sale
Shopping centers
TX
Mission
78574
6200 N La Homa Road

What type of property is this?

Shopping center - Fully leased commercial plaza with long-term tenants and high visibility.

Where is this shopping center located?

The property is located at 6200 N La Homa Road Mission, TX.

What is the asking price?

The asking price for this property is $950,000.

What are key features of this property?

This property features: Consistent cash flow of nearly $60,000 annually from fully leased suites.; Prime location at the intersection of N. La Homa Rd and W. Mile 5 Rd.; High‑traffic corridor with visibility to over 12,000 vehicles daily.