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
    Property profile & analytics

    600 Shary Rd Mission, TX 78572

    • Strip malls
    • 13,678 SF
    • 0.97 lot acres
    For Lease
    View listing
    $21 SF/Yr
    Value Estimations
    $505,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9487410
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • SHARY CUTS / Hair Salon / Barber Shop
    • Flash Pet Salon & Hotel / Pet Groomer / Indoor Lodging
    • Sol Beauty Hair Salon / Beauty Salon
    • Renata Plaza / Shopping Mall
    • Hometrips Pastry / Cake Shop

    Property Details for 600 Shary Rd

    Year built
    2014
    Lot size
    0.97 lot acres
    Property size
    13,678 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    E6640-00-000-0001-00
    APU
    E664000000000100

    Description

    Invest in this exceptional 1,300-square-foot retail space located within the Renata Park Plaza in Mission, Texas. This Class B building, constructed in 2015, offers a prime location near Shary Road and Business 83, less than a mile from Interstate 2. The suite, situated in a one-story, eight-suite building on a one-acre lot (42,348 square feet), boasts a luxurious interior previously used as a day spa and real estate offices. Features include a spacious waiting area with a reception window, five private offices/treatment rooms, a dedicated work area, and a restroom. Ceramic tile floors and custom paint enhance the upscale aesthetic. The suite offers privacy, accessed via a staircase, making it ideal for a variety of professional services or a similar business. The property includes 30 total parking spaces and is served by single-phase power. Property taxes are $2.39 per square foot. The Hidalgo County location, within the Rio Grande Valley submarket, provides excellent access to a thriving community. This move-in ready space presents a unique opportunity for businesses seeking a sophisticated and convenient location. The total building size is 14,000 square feet, with a minimum divisible space of 1,300 square feet. The APN is 960387. The zip code is 78572.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $505,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mission
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2858
    Latitude
    26.2071
    CBSA code
    32580
    CBSA name
    MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $39,842
    $391,719
    $1,166,500
    $1,558,219
    -
    $391,719
    $1,166,500
    $1,558,219

    Comparable in this City

    • Value Estimation
      $1,375,000
      80,340 SF

      Cage Blvd

      SHOPPING CENTER, STRIP CENTER • 80,340 SF
      Cage Blvd, Mission, TX 78572
      View Details
    • Value Estimation
      $945,000
      39,760 SF

      213 Interstate Hwy 2nd 2

      SHOPPING CENTER, STRIP CENTER • 39,760 SF
      213 Interstate Hwy 2nd 2, Mission, TX 78572-5558
      View Details
    • Value Estimation
      $250,000
      4,791 SF

      1625 Conway Ave

      SHOPPING CENTER, STRIP CENTER • 4,791 SF
      1625 Conway Ave, Mission, TX 78572-4008
      View Details
    • Value Estimation
      $335,000
      2,926 SF

      900 Stewart Rd Ste, Unit 1

      SHOPPING CENTER, STRIP CENTER • 2,926 SF
      900 Stewart Rd Ste, Mission, TX 78572-6461
      View Details
    • Value Estimation
      $325,000
      1,875 SF

      900 Stewart Rd

      SHOPPING CENTER, STRIP CENTER • 1,875 SF
      900 Stewart Rd, Mission, TX 78572-6460
      View Details
    • Value Estimation
      $850,000
      28,864 SF

      102 Palma Vis Dr

      SHOPPING CENTER, STRIP CENTER • 28,864 SF
      102 Palma Vis Dr, Mission, TX 78572
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,049 SF

      Retail Property with Pad Sites

      Retail property featuring pad sites, high traffic, and ample space.
      302 W Griffin Pkwy, Mission, TX 78572
      View Details
    • Contact for pricing
      3.96 Acres

      Mission Retail Pads - Griffin Pkwy

      Three prime retail pads, high traffic area.
      703 Griffin Pkwy, Mission, TX 78572
      View Details
    • $600,000

      Prime Palmview Restaurant Opportunity

      Fully equipped restaurant, high-traffic location.
      121 Bentsen Palm Dr, Palmview, TX 78572
      View Details
    • $375,000

      Mission Commercial Property: Prime Location

      Restaurant/Warehouse Opportunity: 12,397 SF Lot
      807 Palma Vis Dr, Palmview, TX 78572
      View Details
    • $350,000
      4,000 SF

      Coin Operated Carwash For Sale

      Six bay carwash with enclosed equipment room and vacuum bays.
      923 W Business Hwy 83 Hwy, Mission, TX 78572
      View Details
    • $495,000

      Prime Palmview Commercial Land

      High-traffic location, 32,927 sq ft lot.
      2304 Expy 83 Hwy, Mission, TX 78572
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      18,853 SF

      Mission, TX Mixed-Use Plaza

      Mixed-use plaza with high visibility and traffic volume.
      1600 N Conway Ave, Mission, TX 78572
      View Details
    • $18 SF/Yr
      18,853 SF

      Mission, TX Mixed-Use Plaza

      Mixed-use plaza with high visibility, traffic, and nearby retailers.
      1604 N Conway Ave, Mission, TX 78572
      View Details
    • Contact for pricing
      1,785 SF

      Retail Space in Mission, Texas

      Retail space available in shopping center anchored by HEB.
      201 S Shary Rd, Mission, TX 78572
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space in Mission, Texas

      Retail space available in Sharyland Towne Crossing.
      2901 Expressway 83 E, Mission, TX 78572
      View Details
    • Contact for pricing
      4,100 SF

      Retail Space on Conway Avenue

      Retail space available with high traffic volume in Mission, TX.
      2405 N Conway Ave, 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
    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.
    600 Shary Rd
    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.
    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.