Commercial Property with Diverse
For Sale
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4249 N Fm 493 Road, Donna, TX 78537
Versatile 1.72-acre property with restaurant, barbershop, and mobile home park.
Property Size2,700 SF
Lot Size1.72 Acres
Price / SF$240.74
Days on Market628
Property Features for 4249 N Fm 493 Road
General Information
Standard status
Active
Size
2,700 SF
Total Parking Spaces
10
Lot size
1.72 Acres
Property subtype
Retail
Building Details
Year Built
2002
Listing Agency:
Texas Star Realty, LLC
(956) 566-6079
Listed By:
Mari Trevino
Source:
Crexi
Added: Dec 9, 2024
Changed: Aug 25
Last Checked: Aug 29 at 1:39PM
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 Texas Star Realty, LLC
Investment Insights
Based on property information with market context.
This commercial property encompasses 1.72 acres and features a restaurant, a barbershop under development, and a mobile home park. The property offers diverse revenue streams and potential for expansion or redevelopment. The property size is 2700 square feet.
Key Highlights
- 1.72 Acres of versatile commercial property.
- Thriving restaurant included.
- Well‑maintained mobile home park provides revenue stream.
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
$39,184
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
6.03%
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%
$783,680
$783.7K
Cap Rate 7%
$559,771
$559.8K
Cap Rate 9%
$435,378
$435.4K
Market Conditions
NOI Build-Up for 2,700 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
$55.4K $20.52/SF
− Vacancy
−$3.2K −$1.17/SF
EGI
$52.2K $19.35/SF
− OpEx
−$13.1K −$4.84/SF
NOI
$39.2K $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 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%
$783,680
Cap Rate 7%
$559,771
Cap Rate 9%
$435,378
Alternative Uses
Best Use
Specialty Retail
$559.8K
$489.8K – $653.1K
NOI $39,184 @ 7.0% cap · market cap 6.03%
Second Best
Retail
$520.8K
$455.7K – $607.6K
NOI $36,456 @ 7.0% cap · market cap 5.61%
Theoretical Best
Hotel Hospitality
$2.03M
$1.78M – $2.37M
NOI $142,358 @ 7.0% cap · market cap 21.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
83
Businesses Nearby
Explore this area
Business Placement
Demographics for 78537, TX
51,962
Population
16,683
Households
3.1
Avg Household Size
28
Median Age
10%
College-Educated
54%
High-School Grad
57.6 sq mi
ZIP Area
902
Density / Sq Mi
$36,331
Median Household Income
$20,354
Median Earnings
$744
Median Rent
$74,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail property - Versatile 1.72-acre property with restaurant, barbershop, and mobile home park.
Where is this retail property located?
The property is located at 4249 N Fm 493 Road Donna, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 1.72 Acres of versatile commercial property.; Thriving restaurant included.; Well‑maintained mobile home park provides revenue stream.
