Add Listing
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

    3602 Conway Ave Mission, TX 78573

    • Commercial real estate
    • 1.25 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5268572
    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 3602 Conway Ave

    Lot size
    1.25 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 1.25-acre commercial land parcel, located at 3602 N Conway Avenue in Mission, Texas, presents a unique investment opportunity. The property boasts convenient city sewer and water access, eliminating the need for costly infrastructure development. Measuring approximately 166 feet by 330 feet, this sizable lot offers ample space for a variety of commercial ventures. Its strategic location ensures high visibility and accessibility, benefiting from significant vehicular traffic. According to the Texas Department of Transportation, the 2016 weekday traffic count on this stretch of road was approximately 25,715 vehicles. This substantial traffic volume translates to exceptional exposure for any business established on this site. The property's zoning (not specified in provided data) should be verified with the City of Mission to determine permitted uses. The asking price for this prime commercial land is $1,500,000. This represents a compelling investment in a thriving Texas market. Serious inquiries are encouraged to explore the potential of this exceptional property. The property is situated in Hidalgo County, Texas, with a zip code of 78573. Its coordinates are 26.249108 latitude and -98.319431 longitude.

    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
    -98.319431
    Latitude
    26.249108

    Comparable in this City

    • $495,000
      Pending

      Residential Land in Mission, Texas

      5.47 acre corner lot with residential or subdevelopment potential.
      9805 N Shary Rd, Mission, TX 78573
      View Details
    • $59,500
      0.14 Acres

      Residential Lot in Los Rios

      Residential lot in Alton, ready to build, no HOA.
      11 W Garfield Ave, Mission, TX 78573
      View Details
    • $500,000
      4.92 Acres

      Mission, TX Raw Land

      4.92 acres of raw land in growing Mission, Texas.
      3800 N Trosper Rd, Mission, TX 78573
      View Details
    • $39,500
      0.05 Acres

      Residential Lots in Alton, TX

      Residential lots in a new townhome subdivision in Alton.
      N Mayberry Blvd, Alton, TX 78573
      View Details
    • $1,980,000
      10.77 Acres

      Commercial Land in Mission, TX

      Commercial and residential land suitable for retail and residential development.
      2012 W Mile 3 Rd N, Mission, TX 78573
      View Details
    • $61,900
      0.15 Acres

      Residential Lot in Alton, TX

      Residential lot ready to build in Alton, Texas.
      3 W Garfield Ave, Mission, TX 78573
      View Details

    Similar Nearby for Sale

    • $495,000
      Pending

      Residential Land in Mission, Texas

      5.47 acre corner lot with residential or subdevelopment potential.
      9805 N Shary Rd, Mission, TX 78573
      View Details
    • $59,500
      0.14 Acres

      Residential Lot in Los Rios

      Residential lot in Alton, ready to build, no HOA.
      11 W Garfield Ave, Mission, TX 78573
      View Details
    • $500,000
      4.92 Acres

      Mission, TX Raw Land

      4.92 acres of raw land in growing Mission, Texas.
      3800 N Trosper Rd, Mission, TX 78573
      View Details
    • $39,500
      0.05 Acres

      Residential Lots in Alton, TX

      Residential lots in a new townhome subdivision in Alton.
      N Mayberry Blvd, Alton, TX 78573
      View Details
    • $1,980,000
      10.77 Acres

      Commercial Land in Mission, TX

      Commercial and residential land suitable for retail and residential development.
      2012 W Mile 3 Rd N, Mission, TX 78573
      View Details
    • $61,900
      0.15 Acres

      Residential Lot in Alton, TX

      Residential lot ready to build in Alton, Texas.
      3 W Garfield Ave, Mission, TX 78573
      View Details

    Similar Nearby for Lease

    • $1,800 /Mo
      40,511 SF

      Commercial Land For Lease

      Land for lease in high-traffic Alton location.
      700 Alton Blvd, 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
    • $20 SF/Yr
      1,789 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
    • $1,100 /Mo
      4,477 SF

      New Business Plaza Retail Suites

      New retail suites available for lease in Alton, Texas.
      514 S Alton Blvd, Alton, TX 78573
      View Details
    • $20 SF/Yr
      9,998 SF

      Mission Retail Space For Lease

      Retail space available 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.
    3602 Conway Ave
    Mission, TX 78573
    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.
    Sign Up Successful!
    You now have access to more from Realmo!