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

    609 Interstate Hwy 2nd 2 Mission, TX 78572-5700

    • Motels
    • 26,065 SF
    • 1.50 lot acres
    OFF-MARKET
    Value Estimations
    $1,045,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3805647
    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

    • Motels

    Property Details for 609 Interstate Hwy 2nd 2

    Year built
    2000
    Lot size
    1.50 lot acres
    Property size
    26,065 SF
    Zone code
    CO
    Property type
    Motels
    APN
    F4685-00-000-0001-00
    APU
    F468500000000100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $990,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,098,000
      Market price range: $619k - $1.10M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $860,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Mission
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.3213
    Latitude
    26.2012
    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
    $62,870
    $561,408
    $1,907,464
    $2,468,872
    -
    $561,408
    $1,907,464
    $2,468,872

    Comparable in this City

    • Value Estimation
      $270,000
      7,888 SF

      203 Palmview Dr

      MOTEL • 7,888 SF
      203 Palmview Dr, Palmview, TX 78572-8701
      View Details
    • Value Estimation
      $70,000
      1,451 SF

      3700 Plantation Grv Blvd

      MOTEL • 1,451 SF
      3700 Plantation Grv Blvd, Mission, TX 78572-7683
      View Details
    • Value Estimation
      $1,195,000
      24,802 SF

      1786 Business Hwy 83

      MOTEL • 24,802 SF
      1786 Business Hwy 83, Mission, TX 78572-7226
      View Details
    • Value Estimation by Request
      48,284 SF

      1786 Business 83

      Motels • 48,284 SF
      1786 Business 83, Mission, TX 78572
      View Details
    • Value Estimation
      $1,460,000
      40,662 SF

      805 Travis St

      HOTEL • 40,662 SF
      805 Travis St, Mission, TX 78572-6646
      View Details
    • Value Estimation
      $1,320,000
      65,754 SF

      2505 Victoria Ave

      HOTEL • 65,754 SF
      2505 Victoria Ave, Mission, TX 78572-6491
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3.96 Acres

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      Three prime retail pads, high traffic area.
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    • $600,000

      Mission, TX Commercial Land Opportunity

      High-traffic corner lot, endless potential.
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    • $280,000
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      Mission, TX: 10-Acre Commercial Land

      Prime 10-acre tract; development or homesite.
      0 Bentsen Palm Dr, Mission, TX 78572
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    • $522,000
      29.00 Acres

      Mission, TX Land - 29 Acres

      Prime 29-acre tract in Hidalgo County.
      0 Iowa Rd, Mission, TX 78572
      View Details
    • $245,000
      9.80 Acres

      Mission, TX Land - 9.8 Acres

      Prime Hidalgo County land, ideal for development.
      0 Abram Rd, Mission, TX 78572
      View Details
    • $1,200,000
      1.55 Acres

      Mission, TX Commercial Land

      1.55 Acres, Expressway Frontage
      1205 Expy 83 Hwy, Mission, TX 78572
      View Details

    Similar Nearby for Lease

    • $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
    • $34 SF/Yr
      8,505 SF

      Mission, TX Retail Land Opportunity

      Prime 30-acre retail site, 8,505 sq ft building.
      500 Jackson Rd, Mission, TX 78572
      View Details
    • $2 SF/Yr
      19,200 SF

      Mission, TX Commercial Land Opportunity

      1.39-acre lot, 4,500 sq ft building
      1002 Ragland Rd, Mission, TX 78572
      View Details
    • $8 SF/Yr
      2,830 SF

      Griffin Parkway Office Suite 207

      Prime Office Space, RGV Location
      1022 Griffin Pkwy, Mission, TX 78572
      View Details
    • Contact for pricing
      250,312 SF

      Mission Industrial Warehouse Space

      26,949-37,590 SF industrial warehouse suites available for lease.
      4101 West Military Hwy, Mission, TX 78572
      View Details
    • $2,200 /Mo
      1,053 SF

      Prime Commercial Space in Mission, TX

      High-visibility commercial spaces ideal for retail, office, or service businesses.
      1229 E Griffin Pkwy, Mission, TX 78572
      View Details
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    609 Interstate Hwy 2nd 2
    Mission, TX 78572-5700
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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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