Turnkey Salon in High-Traffic
2014 W Nolana Avenue, McAllen, TX 78504
- Added:
- Apr 7, 2026
- Days on Market:
- 47
- Last Refresh:
- May 23 at 8:06 am
Property Features for 2014 W Nolana Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 15
- Appliances
- Electric Water Heater
- Standard status
- Active
- APN
- M325301000000800
- Size
- 1,900 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 2818
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1995
- Floors in Building
- 1
- Building materials
- Block, Stucco
- Roof type
- Flat
Listing agent Robert Kirby License #TREC#687948 (956) 279-8829
Listing office Keller Williams Realty RGV 3300 N Mccoll. Ste P & Q, McAllen, TX (956) 928-1155
Listing date Apr 7, 2026
MLS# 487480
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.
HighLights
- Turnkey salon in a high‑traffic McAllen location.
- Potential rental income from three existing suites.
- Open concept layout featuring high ceilings and 8‑foot doors.
- Flexible space: storage room convertible to bathroom, sitting area convertible to office.
- Ample parking and no HOA fees.
- Proximity to McAllen Museum, Walmart, Frost Bank, and The McAllen Library.
Overview
This turnkey salon is located in a high-traffic area of McAllen. The property features high ceilings and 8-foot doors throughout. The open concept layout includes a reception area with a desk, a storage room that could be converted into an extra bathroom, a break room, a bathroom, and a second sitting area that could be transformed into an office. There are three extra suites that were previously used as rentals, offering potential for growth and customization of the available spaces. The property includes ample parking and no HOA fees. There is a grassed area in the back, which, with city permission, could be used for an addition. The property is in close proximity to local landmarks such as the McAllen Museum, Walmart, Frost Bank, and The McAllen Library. The property size is 1900 square feet and the lot size is 0.1928 acres.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$301.3K
NOI $27,119 @ 9.00% cap · cautious / downside scenario
Moderate
$387.4K
NOI $27,119 @ 7.00% cap · market / base-case scenario
Aggressive
$542.4K
NOI $27,119 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.0k | $21.60 |
| − Vacancy | −$2.3k | −$1.21 |
| EGI | $38.7k | $20.39 |
| − OpEx | −$11.6k | −$6.12 |
| NOI | $27.1k | $14.27 |
1,900 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$387.4K
$339.0K – $452.0K
NOI $27,119 @ 7.0% cap · market cap 6.80%
Second Best
Office B
$363.4K
$318.0K – $423.9K
NOI $25,436 @ 7.0% cap · market cap 6.37%
Theoretical Best
Office A
$515.9K
$451.4K – $601.9K
NOI $36,115 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Imelda's Beauty Shop
Hair Salon
Similar Places Nearby
- Southern Roots Flower Market — 4400 n 23rd st #119, mcallen, tx 78504
Location Insight
- Map
- Local Demand
- City
- McAllen
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.235075
- Latitude
- 26.241406
Nearby Similar for Sale
FAQs
What type of property is this?
Storefront property - Salon in McAllen, ready for new owner, high-traffic location.
Where is this storefront property located?
The property is located at 2014 W Nolana Avenue McAllen, TX.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Turnkey salon in a high‑traffic McAllen location.; Potential rental income from three existing suites.; Open concept layout featuring high ceilings and 8‑foot doors.
