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    Property profile & analytics

    3109 Mile 8 Rd Mission, TX 78574

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1662555
    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

    • Commercial real estate

    Property Details for 3109 Mile 8 Rd

    Property type
    Commercial real estate

    Description

    This exceptional 22,120.204 square foot residential lot presents a remarkable opportunity in Mission, Texas. Located at 3109 W Mile 8 Road, this unimproved half-acre parcel offers unparalleled flexibility for the discerning buyer. Its prime location near Highway 107 ensures convenient access to major transportation routes, simplifying commutes and enhancing connectivity. The property is situated within a desirable residential neighborhood, providing a tranquil setting while remaining close to essential amenities. With no restrictive covenants, the possibilities are limitless. Whether you envision constructing a custom home, placing a mobile home, or securing a valuable investment for the future, this land provides the perfect canvas for your aspirations. The expansive lot size allows for ample space to create your ideal living environment or develop a profitable venture. This is a rare chance to acquire a substantial piece of land in a sought-after area of Mission, Texas, in the Hidalgo County, zip code 78574. Don't miss this chance to bring your vision to life.

    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
    -98.3470485
    Latitude
    26.3353232

    Comparable in this City

    • $400,000
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      Mission, TX Multifamily Land Investment

      5 Acres, Owner Financing Available, Prime Location
      000 La Homa Rd, Mission, TX 78574
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    • $575,000
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      Palmview TX Multifamily Land Investment

      8.93-acre multifamily land; high-traffic location.
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    • $540,000
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      30-Acre Farm & Residential Land

      Hidalgo County, TX - Prime Development Opportunity
      0 Western Rd, Edinburg, TX 78574
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    • $185,000
      1.65 Acres

      Mission, TX Commercial Land

      1.65-acre lot near Juarez Lincoln HS
      00 Mile 7, Alton, TX 78574
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    • $300,000
      10.00 Acres

      Mission, TX 10-Acre Residential Land

      Prime 10-acre lot, build your dream!
      000 La Homa Rd, Mission, TX 78574
      View Details
    • $240,000
      10.00 Acres

      10-Acre Mission, TX Land

      Prime 10-acre residential lot in Mission, Texas.
      0000 Bentsen Palm Dr, Mission, TX 78574
      View Details

    Similar Nearby for Sale

    • $400,000
      5.13 Acres

      Mission, TX Multifamily Land Investment

      5 Acres, Owner Financing Available, Prime Location
      000 La Homa Rd, Mission, TX 78574
      View Details
    • $575,000
      8.93 Acres

      Palmview TX Multifamily Land Investment

      8.93-acre multifamily land; high-traffic location.
      1418 Bentsen Palm Dr, Palmview, TX 78574
      View Details
    • $540,000
      30.00 Acres

      30-Acre Farm & Residential Land

      Hidalgo County, TX - Prime Development Opportunity
      0 Western Rd, Edinburg, TX 78574
      View Details
    • $185,000
      1.65 Acres

      Mission, TX Commercial Land

      1.65-acre lot near Juarez Lincoln HS
      00 Mile 7, Alton, TX 78574
      View Details
    • $300,000
      10.00 Acres

      Mission, TX 10-Acre Residential Land

      Prime 10-acre lot, build your dream!
      000 La Homa Rd, Mission, TX 78574
      View Details
    • $240,000
      10.00 Acres

      10-Acre Mission, TX Land

      Prime 10-acre residential lot in Mission, Texas.
      0000 Bentsen Palm Dr, Mission, TX 78574
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
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      Mission TX Warehouse For Sale

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      4009 Mile 3 Dr, Mission, TX 78574
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    • $1,100 /Mo
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      Palmview Commercial Property with Yard

      Versatile property with office and expansive yard near expressway.
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    • $18 SF/Yr
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      Conway Ave Commercial Land Opportunity

      Prime Commercial Land, High Traffic Area
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    • $19 SF/Yr
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      Mission, TX Commercial Building

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      3009 Mile 7 Rd, Mission, TX 78574
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    • $30 SF/Yr
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      Prime Commercial Land, La Homa Rd

      2.36 Acres, 7 Parking Spaces, New Construction
      00 La Homa Rd, Mission, TX 78574
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    • $550 /Mo
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      Affordable Office Space in Mission

      Office space for rent in Mission, TX, 408 SF.
      6206 W Mile 7 Rd, Mission, TX 78574
      View Details
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    3109 Mile 8 Rd
    Mission, TX 78574
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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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