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

    2215 Conway Ave Mission, TX 78572

    • Commercial real estate
    For Sale
    View listing
    $1,250,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4746415
    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

    • Conway Avenue Baptist Church / Baptist Church

    Property Details for 2215 Conway Ave

    Property type
    Commercial real estate

    Description

    This exceptional 28,132.79 square foot commercial land parcel is situated at the highly visible intersection of Conway Boulevard and Griffin Parkway in Mission, Texas, zip code 78572. The property measures approximately 183 feet by 153.9 feet, offering excellent visibility and accessibility due to its location on a high-traffic intersection. Daily traffic counts on Conway Boulevard and Griffin Parkway, as of September 6th, 2024, were 25,702 and 20,796 vehicles respectively. This prime location is surrounded by a thriving commercial environment, predominantly featuring restaurants and fast-food establishments. Nearby businesses include Taco Bell and Church's Chicken, with Burger King and Starbucks conveniently located across the street. Currently zoned as raw land, this property presents a unique opportunity for developers seeking a blank canvas to construct a building tailored to their specific business needs. The property's location in a rapidly developing area ensures strong potential for future growth and return on investment. This is a rare chance to acquire a significant piece of commercial real estate in a dynamic and high-demand location. The asking price for this exceptional property is $1,250,000.

    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
    -98.3249765
    Latitude
    26.2289896

    Comparable in this City

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      Mission, TX Commercial Land - 1,130 Acres

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    • $1,600,000
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      Mission, TX Residential Land - 21.5 Acres

      Prime 21.5-acre residential tract in Mission, TX. Exceptional development opportunity.
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    • $1,500,000
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    • $135,000

      Mission, TX Commercial Land Opportunity

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    • $450,000

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      Prime Texas land: commercial & residential potential.
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    • $450,000
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      Mission, TX Land: 25 Acres

      Prime Hidalgo County land, excellent investment.
      0 Texan Rd, Mission, TX 78572
      View Details

    Similar Nearby for Sale

    • $26,000,000
      1,130.00 Acres

      Mission, TX Commercial Land - 1,130 Acres

      Prime Hidalgo County acreage, ideal for various uses.
      4 Mile Between Iowa And Abrams Rd, Mission, TX 78572
      View Details
    • $1,600,000
      21.50 Acres

      Mission, TX Residential Land - 21.5 Acres

      Prime 21.5-acre residential tract in Mission, TX. Exceptional development opportunity.
      0 Bentsen Palm Dr, Mission, TX 78572
      View Details
    • $1,500,000
      3,200 SF

      Mission, TX Commercial Land & Building

      High-Traffic Retail Investment Opportunity
      1810 Griffin Pkwy, Mission, TX 78572
      View Details
    • $135,000

      Mission, TX Commercial Land Opportunity

      High-traffic Business 83 lot, 21,780 sq ft.
      1512 Business 83 Hwy, Mission, TX 78572
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    • $450,000

      Mission, TX Commercial Land Investment

      Prime Texas land: commercial & residential potential.
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      View Details
    • $450,000
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      Mission, TX Land: 25 Acres

      Prime Hidalgo County land, excellent investment.
      0 Texan Rd, Mission, TX 78572
      View Details

    Similar Nearby for Lease

    • $28 SF/Yr
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      Prime Mission location, 1,183 sq ft, ample parking.
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      Mission, TX Commercial Land

      5-Acre Commercial Lot, Excellent Location
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    • $7 SF/Yr
      4,071 SF

      Mission, TX Commercial Land Opportunity

      Prime Commercial Land, High Traffic Area
      1708 Conway Ave, Mission, TX 78572
      View Details
    • Contact for pricing

      Commercial Land Near Sharyland Towne

      Land available near HEB, Target, Walmart, and Home Depot.
      200 N Shary Rd, Mission, TX 78572
      View Details
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    2215 Conway Ave
    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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