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

    10017 Glasscock Rd Mission, TX 78573-6053

    • Warehouses
    • 9,720 SF
    • 4.91 lot acres
    OFF-MARKET
    Last Sale
    Dec 16, 2022
    Value Estimations
    $905,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9219174
    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

    • 24 Hour Electrician Alton / Electrician

    Property Details for 10017 Glasscock Rd

    Year built
    2009
    Lot size
    4.91 lot acres
    Property size
    9,720 SF
    Property type
    Warehouses
    APN
    S2950-00-000-0462-55
    APU
    S295000000046255

    Description

    This exceptional 9,720 square foot commercial property, situated on a spacious 4.91-acre lot at 10017 N Glasscock Road in Mission, Texas, presents a remarkable investment opportunity. Located conveniently just north of the 6 Mile Line off Glasscock Road, this fully fenced and gated property offers a versatile layout ideal for a multitude of business uses. The property boasts multiple storage units, providing ample space for inventory, equipment, or even rental income generation. Well-appointed office spaces are available for administrative functions, client meetings, or general business operations. Large, easily accessible bay areas are perfect for various applications, including vehicle maintenance, shipping and receiving, or industrial work. The property's secure gated entry ensures privacy and enhanced security for both occupants and assets. With 5 acres of land, there's significant room for expansion, allowing for future growth and adaptation to evolving business needs. This property is well-suited for warehousing, distribution, automotive services, construction, or a wide range of other commercial ventures. The asking price is $975,000. This is a rare opportunity to acquire a substantial commercial property with significant potential in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,035,000
      6.5%
      $955,000
      7%
      $885,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,257,000
      Market price range: $508k - $1.44M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,065,000
      Current use
      RETAIL STORES
      $1,445,000
      Change: +36% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,375,000
      Change: +29% Conversion: Easy
      RESTAURANT
      $1,360,000
      Change: +28% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,285,000
      Change: +21% Conversion: Difficult
      MEDICAL BUILDING
      $965,000
      Change: -9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Mission
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2805
    Latitude
    26.3026
    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
    $13,807
    $227,397
    $453,765
    $681,162
    -
    $227,397
    $453,765
    $681,162

    Comparable in this City

    • Value Estimation by Request

      000 Hwy

      Distribution properties
      000 Hwy, Mission, TX 78573
      View Details
    • Value Estimation by Request
      1,950 SF

      1322 Alton Blvd

      WAREHOUSE, STORAGE • 1,950 SF
      1322 Alton Blvd, Alton, TX 78573-1005
      View Details
    • Value Estimation
      $1,525,000
      16,024 SF

      Mission, TX 78573

      WAREHOUSE, STORAGE • 16,024 SF
      Mission, TX 78573
      View Details
    • Value Estimation by Request
      4,900 SF

      8900 Shary Rd

      WAREHOUSE, STORAGE • 4,900 SF
      8900 Shary Rd, Mission, TX 78573-0481
      View Details
    • Value Estimation by Request
      924 SF

      8148 Shary Rd

      WAREHOUSE, STORAGE • 924 SF
      8148 Shary Rd, Alton, TX 78573-0692
      View Details
    • Value Estimation
      $775,000
      8,400 SF

      7342 State Hwy 107

      WAREHOUSE, STORAGE • 8,400 SF
      7342 State Hwy 107, Mission, TX 78573-7422
      View Details

    Similar Nearby for Sale

    • $1,979,900
      3 SF

      Mission Warehouse with Dock-High Bays

      Warehouse space with dock-high bays and office in Mission.
      11108 N Conway Ave, Mission, TX 78573
      View Details
    • $328,000

      Mission, TX Commercial Land - $328K

      Half-acre commercial lot; metal building; high visibility.
      208 Elida St, Mission, TX 78573
      View Details
    • $225,000

      Mission Duplex - $225K

      Two-unit apartment building, great location.
      5212 Taylor Rd, Mission, TX 78573
      View Details
    • $105,000

      Alton Fourplex Development Opportunity

      Prime Texas land, build your fourplex!
      1309 Michigan St, Alton, TX 78573
      View Details
    • $560,000
      1.12 Acres

      Mission, TX Multifamily Land

      1.12-acre lot, $560,000, high potential.
      3200 Moore Fld Rd, Mission, TX 78573
      View Details
    • $498,500

      Alton, TX Multifamily Investment

      Four-unit apartment building, excellent ROI.
      825 Missouri St, Alton, TX 78573
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      6,552 SF

      Mission, TX Commercial Property

      Warehouse/Office Space - 6,552 sq ft
      000 State Highway 107, Mission, TX 78573
      View Details
    • $0.75 SF/Yr
      8,464 SF

      Mission Warehouse with Office Space

      Warehouse with office space in Mission, Texas, available for rent.
      3522 N Stewart Rd, Mission, TX 78573
      View Details
    • $2,800 /Mo
      1,760 SF

      Alton Commercial Property For Lease

      Commercial property for lease in high-traffic Alton location.
      610 S Alton Blvd, Mission, TX 78573
      View Details
    • $20 SF/Yr
      1,440 SF

      9,998 SF Plaza Space Available

      Office and retail spaces available in high-traffic Mission plaza.
      10400 N 103Rd St, Mission, TX 78573
      View Details
    • $24 SF/Yr
      9,998 SF

      Retail Space in Plaza Emmanuel

      Retail space available in high-traffic Mission, Texas location.
      10211 Mile 7 Rd, Mission, TX 78573
      View Details
    • $20 SF/Yr
      9,998 SF

      Retail Space in Plaza Emmanuel

      Retail suites available for lease in high-traffic Mission location.
      10211 Mile 7 Rd, Mission, TX 78573
      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.
    10017 Glasscock Rd
    Mission, TX 78573-6053
    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.