Add Listing
    For Sale
    • 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

    1624 Toronto Ave McAllen, TX 78501

    View on Map
    Sponsored
    For Sale
    $150,000

    LAND - McAllen, TX

    Lot size:
    0.13 Acres
    Days on Market:
    155
    Last Refresh:
    Mar 16 at 5:06 pm

    Property Features for 1624 Toronto Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    S430000004002000
    Lot size
    0.13 Acres

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Maria (Mary) Roel

    Encore Fine Properties (956) 821-6170

    Listing agent Maria (Mary) Roel (956) 483-6684

    Listing date Oct 13, 2025

    MLS# 480302

    Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Residential Lot Near Airport

    This residential lot is located a short distance from the Airport, La Plaza Mall, restaurants, main roads, hospitals, medical centers, and the expressway. The lot is approximately 0.1313 acres. This property is located in McAllen, Texas, with a postal code of 78501, situated in Hidalgo County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.240679
    Latitude
    26.187179

    Nearby Similar for Sale

    • $700,000
      8,253 SF

      Remodeled Commercial Building in McAllen

      Turn-key investment opportunity in McAllen's Entertainment District.
      200 S 17Th St, McAllen, TX 78501
      View Details
    • $400,000
      4,382 SF

      McAllen Office Ready For Renovation

      Vacant commercial property in prime McAllen location ready for renovation.
      5917 N 23Rd St, McAllen, TX 78504
      View Details
    • $475,000
      2,940 SF

      McAllen Bar/Tavern For Sale

      Commercial bar/tavern in downtown McAllen with high foot traffic.
      215 S 17Th St, McAllen, TX 78501
      View Details
    • $440,000
      2,790 SF

      McAllen Commercial Investment Opportunity

      Commercial building with retail space and rental income potential.
      806 S 16Th 1/2 St, McAllen, TX 78501
      View Details
    • New
      $1,200,000
      7,560 SF

      Prime Commercial Opportunity, McAllen, TX

      High-visibility property in a thriving commercial hub, ideal for various uses.
      9717 N 10Th St, McAllen, TX 78504
      View Details
    • $399,000
      1,900 SF

      Turnkey Salon in High-Traffic Area

      Salon in McAllen, ready for new owner, high-traffic location.
      2014 W Nolana Ave, McAllen, TX 78504
      View Details
    • $800,000
      Pending

      McAllen Office Building For Sale

      Office building in North McAllen with two separate units.
      6316 N 10Th St, McAllen, TX 78504
      View Details
    • $2,500,000
      14,975 SF

      Prime Corner Retail Opportunity

      Two buildings plus parking lot in downtown McAllen, TX.
      120 S Broadway St, McAllen, TX 78501
      View Details
    • $975,000
      20,206 SF

      McAllen Commercial Building For Sale

      20,206 SF commercial building suitable for retail or warehouse.
      1020 Ash Ave, McAllen, TX 78501
      View Details
    • New
      $485,000
      1,878 SF

      Prime Commercial Property on Bicentennial

      High-visibility commercial property suitable for bakery, restaurant, office, or retail.
      712 N Bicentennial Blvd, McAllen, TX 78504
      View Details
    • $750,000
      2,631 SF

      McAllen Commercial Building on Corner

      Free-standing commercial building with high visibility in McAllen, Texas.
      3620 Buddy Owens Ave, McAllen, TX 78504
      View Details
    • $895,000
      4,984 SF

      Versatile Commercial Building in McAllen

      Mixed-use property with retail, office, and warehouse space.
      2025 N 23Rd St, McAllen, TX 78501
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot near Airport, La Plaza Mall, and expressway.
    Where is this residential land & home lot located?
    The property is located at 1624 Toronto Ave McAllen, TX.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: - Prime location: **close proximity (1-2 blocks) to Airport, La Plaza Mall, five-star restaurants, main roads, hospitals, medical centers, and expressway.**; - **Ideal for Airbnb investment.**; - Residential lot suitable for building.
    (956) 821-6170
    Request Owner's contact information
    1624 Toronto Ave McAllen, TX 78501
    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.
    1624 Toronto Ave
    McAllen, TX 78501
    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
    1624 Toronto Ave McAllen, TX 78501
    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

    We can help!
    Listing Contact
    Maria (Mary) Roel
    (956) 821-6170 (956) 483-6684 (956) 627-7552
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!