Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Mile 7 Rd Mission, TX 78574

    • Land
    • 9.84 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Mile 7 Rd

    Lot size
    9.84 lot acres
    Property type
    Land

    Description

    This exceptional 9.84-acre land parcel presents a remarkable investment opportunity in the thriving city of Mission, Texas. Strategically situated between La Homa Road and N. Moorefield Road, along Mile 7 Line, this property boasts unparalleled visibility and accessibility due to its location along the recently expanded Texas State Highway 107, a major high-traffic corridor. The property is zoned for versatile commercial and residential uses, offering a blank canvas for diverse development projects. Imagine creating a thriving commercial center, a residential subdivision, or another innovative venture. Its prime location offers significant advantages, with close proximity to schools, shopping centers, and other essential amenities, making it highly attractive to both businesses and residents. This property is ideally positioned to capitalize on Mission's robust real estate market and rapid growth. The asking price is $1,100,000. The property's address is 0 W Mile 7 Road, Mission, TX 78574, within Hidalgo County. This is a rare opportunity to acquire a substantial land holding in a dynamic and rapidly developing area. Don't miss this chance to secure a piece of Mission's future.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mission
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.3799
    Latitude
    26.3258

    Comparable in this City

    • Value Estimation by Request
      10.00 Acres

      000 La Homa Rd

      Land • 10.00 Acres
      000 La Homa Rd, Mission, TX 78574
      View Details
    • Value Estimation by Request
      19.34 Acres

      Abram Rd

      Farms • 19.34 Acres
      0 Abram Rd, Mission, TX 78574
      View Details
    • Value Estimation by Request
      2.00 Acres

      2804 Mile 7 Rd

      Multifamily properties • 2.00 Acres
      2804 Mile 7 Rd, Mission, TX 78574
      View Details
    • Value Estimation by Request
      10.40 Acres

      Iowa Rd

      Farms • 10.40 Acres
      0 Iowa Rd, Mission, TX 78574
      View Details
    • Value Estimation by Request
      7.55 Acres

      000 Frontier Dr

      Farms • 7.55 Acres
      000 Frontier Dr, Palmview, TX 78574
      View Details
    • Value Estimation by Request
      15.00 Acres

      Bentsen Palm Dr

      Farms • 15.00 Acres
      0 Bentsen Palm Dr, Mission, TX 78574
      View Details

    Similar Nearby for Sale

    • $180,000
      10.00 Acres

      10-Acre Mission, TX Land

      Prime Commercial/Residential Land - 10 Acres
      0 Western Rd, Mission, TX 78574
      View Details
    • $185,000
      1.65 Acres

      Mission, TX Commercial Land

      1.65-acre lot near Juarez Lincoln HS
      00 Mile 7, Alton, TX 78574
      View Details
    • $400,000
      5.13 Acres

      Mission, TX Multifamily Land Investment

      5 Acres, Owner Financing Available, Prime Location
      000 La Homa Rd, Mission, TX 78574
      View Details
    • $280,000
      10.00 Acres

      Mission, TX 10-Acre Tract

      Prime Commercial/Residential Land - 10 Acres
      0 Bentsen Palm Dr, Mission, TX 78574
      View Details
    • $300,000
      10.00 Acres

      Mission, TX 10-Acre Residential Land

      Prime 10-acre lot, build your dream!
      000 La Homa Rd, Mission, TX 78574
      View Details
    • $575,000
      8.93 Acres

      Palmview TX Multifamily Land Investment

      8.93-acre multifamily land; high-traffic location.
      1418 Bentsen Palm Dr, Palmview, TX 78574
      View Details

    Similar Nearby for Lease

    • $30 SF/Yr
      2,200 SF

      Prime Commercial Land, La Homa Rd

      2.36 Acres, 7 Parking Spaces, New Construction
      00 La Homa Rd, Mission, TX 78574
      View Details
    • $19 SF/Yr
      1,104 SF

      Mission, TX Commercial Building

      Highway 107 Retail/Office Space
      3009 Mile 7 Rd, Mission, TX 78574
      View Details
    • $9 SF/Yr
      1,243 SF

      Mission TX Warehouse For Sale

      1-Acre Warehouse, 1,243 SF
      4009 Mile 3 Dr, Mission, TX 78574
      View Details
    • $18 SF/Yr
      2,250 SF

      Conway Ave Commercial Land Opportunity

      Prime Commercial Land, High Traffic Area
      2722 Conway Ave, Mission, TX 78574
      View Details
    • Contact for pricing
      170,622 SF

      Shops At 495: Mission, TX Retail

      Mission, TX retail space available. Seven units.
      2301 Conway Ave, Mission, TX 78574
      View Details
    • $450 /Mo
      378 SF

      Affordable Office Space Available

      Office space for rent in Mission, Texas.
      6206 W Mile 7 Rd, Mission, TX 78574
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Mile 7 Rd
    Mission, TX 78574
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.