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    Property profile & analytics

    2210 E 1St St Mission, TX 78572

    • Commercial real estate
    • 35,750 SF
    • 2.15 lot acres
    For Sale
    View listing
    $4,500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9471338
    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

    • ANGO Holdings / Real Estate Developer
    • Aqua Luxury Living Apartments / Townhouse Complex

    Property Details for 2210 E 1St St

    Year built
    2014
    Lot size
    2.15 lot acres
    Property size
    35,750 SF
    Property type
    Commercial real estate
    APN
    A5331-00-000-0001-00

    Description

    Exceptional investment opportunity: This 36-unit Class A apartment building in Mission, Texas, boasts a prime location less than five minutes from major roadways, shopping (Walmart, HEB, Target), and the Mission event center. Built in 2014, this two-story, 35,750-square-foot complex sits on a 2.15-acre lot (APN: A5331-00-000-0001-00) and is zoned for Sharyland ISD. Currently operating at 100% occupancy, this gated community offers desirable amenities including a community pool with a lounge and grill area, a fitness center, and a children's playground. Each unit features tile flooring, central electric HVAC, electric water heaters, and in-unit appliances (refrigerator, stove/range, microwave, washer, and dryer). Exterior features include stone and stucco siding, a paved street, and a landscaped perimeter with electric, wood, and privacy fencing. The property's strong performance is reflected in its 6.00% cap rate and $131.47 price per square foot. Asking price is $4,700,000. This is a turnkey investment ready for immediate income generation.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Mission
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2899976
    Latitude
    26.2009652

    Comparable in this City

    • $305,000

      Mission, TX 4-Plex Investment

      Four-unit apartment building, fully leased.
      803 24Th St, Mission, TX 78572
      View Details
    • $375,000

      Mission, TX Multifamily Investment

      Four-unit apartment building, excellent rental history.
      2011 Bracey Ave, Mission, TX 78572
      View Details
    • $410,000
      4,200 SF

      Mission, TX Apartment Building Investment

      Four-unit multifamily, excellent location, high occupancy.
      1913 Summer Breeze St, Mission, TX 78572
      View Details
    • $4,500,000
      35,750 SF

      Modern Gated Apartment Complex

      Apartment complex near expressway, shopping, and zoned for Sharyland ISD.
      2210 E 1St St, Mission, TX 78572
      View Details
    • $650,000
      8,500 SF

      Mission, TX Apartment Complex

      10-unit apartment complex near Expressway 83 in Mission, TX.
      1205 Showers Rd, Mission, TX 78572
      View Details

    Similar Nearby for Sale

    • $375,000

      Mission, TX Multifamily Investment

      Four-unit apartment building, excellent rental history.
      2011 Bracey Ave, Mission, TX 78572
      View Details
    • $305,000

      Mission, TX 4-Plex Investment

      Four-unit apartment building, fully leased.
      803 24Th St, Mission, TX 78572
      View Details
    • $410,000
      4,200 SF

      Mission, TX Apartment Building Investment

      Four-unit multifamily, excellent location, high occupancy.
      1913 Summer Breeze St, Mission, TX 78572
      View Details
    • $650,000
      8,500 SF

      Mission, TX Apartment Complex

      10-unit apartment complex near Expressway 83 in Mission, TX.
      1205 Showers Rd, Mission, TX 78572
      View Details
    • $4,500,000
      35,750 SF

      Modern Gated Apartment Complex

      Apartment complex near expressway, shopping, and zoned for Sharyland ISD.
      2210 E 1St St, Mission, TX 78572
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      10,062 SF

      Prime Penitas Commercial Land

      2.68 acres, 58 parking spaces
      2400 Expressway 83, Mission, TX 78572
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    • $27 SF/Yr
      13,627 SF

      Griffin Parkway Commercial Land

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      1640 Griffin Pkwy, Mission, TX 78572
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    • $112 SF/Yr
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      Mission, TX Commercial Land & Office

      1.58-acre Office Space, Single Tenant
      2515 Colorado St, Mission, TX 78572
      View Details
    • Contact for pricing
      24,894 SF

      Sharyland Office Space Available

      Class A Office Suites, Sharyland Plantation
      3605 Plantation Grove Blvd, 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
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    • $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
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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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