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    Property profile & analytics

    2100 Shary Rd Mission, TX 78572

    • Retail space
    • 885 SF
    • 0.24 lot acres
    For Lease
    View listing
    $18 SF/Yr
    Last Sale
    Jan 26, 2024
    Value Estimations
    $235,000
    Cap Rate Potential
    4.9%
    Retail space
    Location Intelligence
    Property ID
    US82-1765861
    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

    • Casa de Cambio - Texas Money Exchange / Currency Exchange Service / Check Cashing Service
    • Supra Sensory Training Center / Fire Station
    • Glamorous Beauty Salon & Spa / Beauty Salon

    Property Details for 2100 Shary Rd

    Year built
    2008
    Lot size
    0.24 lot acres
    Property size
    885 SF
    Property type
    Retail space
    APN
    P7421-00-000-0001-00
    APU
    P742100000000100

    Description

    This exceptional single-tenant executive office suite, located at 2100 S Shary Road #4 in Mission, Texas, 78572, presents a fantastic opportunity. The 1,192 square foot space is situated on a 493.099 square foot lot and offers ample parking with four spaces available. The property features a well-designed layout including a dedicated reception area, a convenient meeting room, two private offices perfect for individual work or small teams, a small kitchen area for employee convenience, and a half bathroom. The property type is classified as both Land and Office, making it a versatile option for a variety of businesses. The property's address is 2100 S Shary Road #4, Mission, TX 78572, with GPS coordinates of 26.1807777 latitude and -98.2913337 longitude. The property's APN is P742100000000400. This is a single-tenant occupancy property, ideal for a business seeking a private and efficient workspace. The building consists of only one suite, ensuring a quiet and focused environment. This turnkey office space is ready for immediate occupancy and offers a blend of functionality and convenience in a desirable location. Inquire today to learn more about this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $240,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $210,000
      6.5%
      $195,000
      7%
      $180,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $181,000
      Market price range: $54.0k - $182k

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

    Location Insight

    • Map
    • Local Demand
    City
    Mission
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2913
    Latitude
    26.1808
    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
    $6,352
    $79,708
    $168,728
    $248,436
    -
    $79,708
    $168,728
    $248,436

    Comparable in this City

    • Value Estimation
      $245,000
      850 SF

      313 Tom Landry St

      RETAIL STORES (PERSONAL SERVICES) • 850 SF
      313 Tom Landry St, Mission, TX 78572-3911
      View Details
    • Value Estimation
      $265,000
      574 SF

      319 Tom Landry St Ste A

      RETAIL STORES (PERSONAL SERVICES) • 574 SF
      319 Tom Landry St Ste A, Mission, TX 78572-3905
      View Details
    • Value Estimation
      $665,000
      13,650 SF

      100 Interstate Hwy 2nd 2

      RETAIL STORES (PERSONAL SERVICES) • 13,650 SF
      100 Interstate Hwy 2nd 2, Mission, TX 78572-6196
      View Details
    • Value Estimation
      $300,000
      4,880 SF

      Western Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,880 SF
      Western Rd, Mission, TX 78572
      View Details
    • Value Estimation
      $310,000
      7,138 SF

      Expy 83

      RETAIL STORES (PERSONAL SERVICES) • 7,138 SF
      Expy 83, Mission, TX 78572
      View Details
    • Value Estimation
      $245,000
      2,000 SF

      1714 Griffin Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 2,000 SF
      1714 Griffin Pkwy, Mission, TX 78572-7305
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $1.15 SF/Yr
      31,645 SF

      Retail Space Near Event Center

      Two-story retail space near a planned Wyndham Hotel.
      1200 Shary Rd, Mission, TX 78572
      View Details
    • $18 SF/Yr
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      Mixed-use plaza with high visibility and traffic volume.
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    • Contact for pricing
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      Retail Space Near HEB, Target

      Retail spaces available next to HEB and Target.
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      Mission Retail/Office Space Available

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      Retail or office space with high traffic and many amenities.
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    • $2,750 /Mo
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      Prime Retail Space on Shary

      Retail space in prime location at the heart of Shary.
      608 Shary Rd, Mission, TX 78572
      View Details
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    Mission, TX 78572
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    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
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