Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3801 Mile 3rd Rd, Unit 23 Mission, TX 78574-5149

    Property Lookup

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

    3801 Mile 3rd Rd, Unit 23 Mission, TX 78574-5149

    View on Map
    • Grocery and convenience stores
    • 4,870 SF
    • 3.41 lot acres
    Off-Market
    Property ID
    US82-6795881
    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.
    Value Estimations
    $965,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Western Union / Bank / Credit Union
    • 7-Eleven / Grocery & Convenience Store
    • Elotes / Restaurant
    • Stripes / Grocery & Convenience Store
    • Premium Air Inc / Hardware & Home Improvement / HVAC Service

    Property Details for 3801 Mile 3rd Rd

    Year built
    2005
    Lot size
    3.41 lot acres
    Property size
    4,870 SF
    Property type
    Grocery and convenience stores
    APN
    B2550-00-000-0142-03
    APU
    B255000000014203

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,180,000
      6.5%
      $1,085,000
      7%
      $1,010,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $837,000
      Market price range: $314k - $838k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $935,000
      RETAIL STORES
      $760,000
      AUTO REPAIR, GARAGE
      $650,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Mission
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.3661
    Latitude
    26.2642
    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
    $15,769
    $222,613
    $502,870
    $725,483
    -
    $222,613
    $502,870
    $725,483

    Comparable in this City

    • Value Estimation
      $615,000
      3,772 SF

      2903 Moorefield Rd

      CONVENIENCE STORE • 3,772 SF
      2903 Moorefield Rd, Mission, TX 78574
      View Details
    • Value Estimation by Request
      4,584 SF

      7318 Los Vecinos St

      CONVENIENCE STORE • 4,584 SF
      7318 Los Vecinos St, Mission, TX 78574-6689
      View Details
    • Value Estimation by Request
      2,694 SF

      2901 Lanford Rd

      CONVENIENCE STORE • 2,694 SF
      2901 Lanford Rd, Mission, TX 78574-3541
      View Details
    • Value Estimation by Request
      1,200 SF

      8700 La Homa Rd

      CONVENIENCE STORE • 1,200 SF
      8700 La Homa Rd, Mission, TX 78574-5297
      View Details
    • Value Estimation by Request
      3,090 SF

      Eunice St

      CONVENIENCE STORE • 3,090 SF
      Eunice St, Mission, TX 78574
      View Details
    • Value Estimation by Request
      1,776 SF

      Bentsen Palm Dr

      CONVENIENCE STORE • 1,776 SF
      Bentsen Palm Dr, Mission, TX 78574
      View Details

    Similar Nearby for Sale

    • $310,000
      1,200 SF

      Mission, TX Commercial Corner Property

      Drive-through convenience store on a corner lot in Mission, TX.
      6128 Mile 5 Rd, Mission, TX 78574
      View Details
    • Contact for pricing
      8,100 SF

      Retail Property with Income Potential

      Retail property with apartment, deli, and trailer income potential.
      5605 W Mile 3 Rd, Mission, TX 78574
      View Details
    • Contact for pricing
      9,026 SF

      Dollar General Portfolio For Sale

      Two Dollar General stores in Texas with long-term leases.
      10805 N Moorefield Rd, Mission, TX 78574
      View Details
    • $180,000
      13,705 SF

      Commercial Property with Income Potential

      Commercial property in Mission, TX with income potential.
      6118 W Mile 5 Rd, Mission, TX 78574
      View Details
    • $550,000
      2,736 SF

      Event Center Opportunity in Mission

      Commercial building primed for event center, retail, or office use.
      2714 N Conway Ave, Mission, TX 78574
      View Details
    • $750,000
      1,705 SF

      Alton Commercial Property on 4.28 Acres

      Commercial property with 1700 sq ft building on 4.28 acres.
      2525 North Moorefield Rd West, Mission, TX 78574
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,100 SF

      Retail Space in Los Milagros

      Retail space in Los Milagros neighborhood with frontage to S. Shary Rd.
      2401 S Shary Rd, Mission, TX 78574
      View Details
    • Contact for pricing

      Mission Retail Spaces Available

      Retail spaces available, ranging from 1,200 to 10,049 sq. ft.
      2301 N Conway Ave, Mission, TX 78574
      View Details
    • $1,500 /Mo
      3,296 SF

      Mission, TX Warehouse For Rent

      3,200 SF warehouse suitable for auto shop or retail.
      3800 Brandy St, Mission, TX 78574
      View Details
    • $3,000 /Mo
      2,250 SF

      Commercial Building in Mission, TX

      2,250 SF commercial building suitable for event center, gym.
      2722 N Conway Ave, Mission, TX 78574
      View Details
    • $2,400 /Mo
      3,000 SF

      Mission, TX Warehouse For Rent

      3000 SF warehouse with office, restroom, and carport.
      1717 N La Homa Rd, Mission, TX 78574
      View Details
    • $1,100 /Mo
      1,123 SF

      Palmview Commercial Property with Yard

      Versatile property with office and expansive yard near expressway.
      915 N La Homa Rd, Palmview, TX 78574
      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.
    3801 Mile 3rd Rd, Unit 23
    Mission, TX 78574-5149
    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!