Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    922 Conway Ave Mission, TX 78572

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    922 Conway Ave Mission, TX 78572

    View on Map
    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • FAMSA Furniture / Furniture & Home Goods / Home Decor Store

    Property Details for 922 Conway Ave

    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional Mission, TX commercial property, located at 922 N Conway Avenue, presents a unique investment opportunity. The 14,000.184 square foot lot is currently occupied by a single tenant, Famfas Furniture, showcasing its suitability for large-scale retail operations. The property's zoning allows for flexibility, presenting the potential for subdivision into smaller spaces to accommodate multiple tenants. This adaptability caters to a diverse range of businesses seeking a presence in Mission's thriving retail market. The property's substantial size and established presence within the bustling commercial district make it an attractive proposition for investors and businesses alike. The property features a single building suite and is identified by APN M520000160000300. While there are currently no designated parking spaces on the property, the ample lot size offers potential for future development in this area. This prime location in Mission, TX (zip code 78572) offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a strong foothold in a dynamic retail environment. The property's size and adaptability make it a highly versatile investment, suitable for a variety of commercial uses.

    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
    -98.3255
    Latitude
    26.2155

    Comparable in this City

    • Value Estimation by Request
      0.73 Acres

      2205 Conway Ave

      Retail properties & Spaces • 0.73 Acres
      2205 Conway Ave, Mission, TX 78572
      View Details
    • Value Estimation by Request

      806 Expressway 83

      Retail properties & Spaces
      806 Expressway 83, Mission, TX 78572
      View Details
    • Value Estimation by Request

      315 Veterans Blvd

      Retail properties & Spaces
      315 Veterans Blvd, Palmview, TX 78572
      View Details
    • Value Estimation by Request

      1413 Shary Rd

      Land
      1413 Shary Rd, Mission, TX 78572
      View Details
    • Value Estimation by Request

      910 Veterans Blvd

      Retail properties & Spaces
      910 Veterans Blvd, Mission, TX 78572
      View Details
    • Value Estimation by Request

      807 Palma Vis Dr

      Restaurants
      807 Palma Vis Dr, Palmview, TX 78572
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,655 SF

      Palmview Commercial Property for Sale

      Prime commercial property with multiple buildings and rental potential.
      1317 W Palma Vista Dr, Palmview, TX 78572
      View Details
    • New
      $999,999
      1.20 Acres

      Palmview Commercial Property on Expressway

      Prime commercial property off Expressway 83 in Palmview, Texas.
      1317 W Palma Vista Dr W, Palmview, TX 78572
      View Details
    • Contact for pricing

      Olive Garden NNN Ground Lease

      High-performing Olive Garden with long-term ground lease in Mission, TX.
      1405 E Expy 83 Msn, Mission, TX 78572
      View Details
    • $394,850

      Prime Palmview Commercial Land

      34,678 SF lot, excellent visibility.
      401 Palma Vis Dr, Palmview, TX 78572
      View Details
    • Contact for pricing

      25 Acre Tract in Mission

      25 acre tract of land available in Hidalgo County.
      W Texan Rd, Mission, TX 78572
      View Details

    Similar Nearby for Lease

    • $28 SF/Yr
      1,183 SF

      Mission Commercial Plaza: Executive Office Space

      Prime Mission location, 1,183 sq ft, ample parking.
      608 Shary Rd, Mission, TX 78572
      View Details
    • $19 SF/Yr
      3,344 SF

      Palmview Restaurant Opportunity

      Fully equipped, high-traffic location
      121 Bentsen Palm Dr, Palmview, TX 78572
      View Details
    • Contact for pricing

      Prime Retail Location in Mission

      High-traffic retail space for rent in Mission, Texas.
      2500 E Expressway 83, Mission, TX 78572
      View Details
    • $0.01 SF/Yr
      2,200 SF

      Mission Office Space: Prime Location

      Executive Office Suite, Ample Parking
      1601 Griffin Pkwy, Mission, TX 78572
      View Details
    • $0.17 SF/Yr
      217,800 SF

      Mission, TX Commercial Land

      5-Acre Commercial Lot, Excellent Location
      7739 Chihuahua Trl, Mission, TX 78572
      View Details
    • $8 SF/Yr
      2,830 SF

      Griffin Parkway Office Suite 207

      Prime Office Space, RGV Location
      1022 Griffin Pkwy, Mission, TX 78572
      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.
    922 Conway Ave
    Mission, TX 78572
    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.
    Sign Up Successful!
    You now have access to more from Realmo!