McAllen Mixed-Use Corner
2929 N Ware Road McAllen, TX 78501
2929 N Ware Road, McAllen, TX, 78501
$1,100,000
For Sale
$1,100,000
COMMERCIAL - McAllen, TX
Property Size3,060 SF
Lot Size0.30 Acres
Price / SF$359.48
Days on Market208
Property Features for 2929 N Ware Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 13
- Accessibility
- Accessible Approach with Ramp
- Appliances
- Electric Water Heater
- Standard status
- Active
- APN
- 716915 & 716916
- Size
- 3,060 SF
- Lot size
- 0.30 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5830
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1985
- Floors in Building
- 1
- Building materials
- Brick, Stucco
- Roof type
- Metal
Listing Agency
Keller Williams Realty RGV
(956) 928-1155
3300 N Mccoll. Ste P & Q, McAllen, TX
Listed by
Jaime Lee Gonzalez
(956) 599-8400
Added: Dec 23, 2025 Checked: Jul 19 at 7:06 am
MLS# 488476
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.
Investment Insights
Based on property information with market context.
Located at the corner of Daffodil St. and Ware Rd. in North McAllen, this 3,060 sq ft property offers versatility and visibility. Currently used as a residence, its layout and location make it suitable for conversion into a small business, professional office, or commercial use. Positioned along a high-traffic corridor with accessibility, this property is an opportunity for owner-users or investors seeking a location in McAllen. The lot size is 0.2986 acres.
Key Highlights
- Prime North McAllen corner location at Daffodil St. and Ware Rd.
- High‑traffic corridor with excellent accessibility.
- Versatile 3,060 sq ft property suitable for residential or commercial use.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $66.1k | $21.60 |
| − Vacancy | −$3.7k | −$1.21 |
| EGI | $62.4k | $20.39 |
| − OpEx | −$18.7k | −$6.12 |
| NOI | $43.7k | $14.27 |
3,060 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$623.9K
$546.0K – $727.9K
NOI $43,676 @ 7.0% cap · market cap 3.97%
Second Best
Office B
$585.2K
$512.1K – $682.8K
NOI $40,966 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$830.9K
$727.1K – $969.4K
NOI $58,164 @ 7.0% cap · market cap 5.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Manuel Madrigal barber ...
Barber Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Versatile 3,060 sq ft property suitable for business or residence.
Where is this mixed-use property located?
The property is located at 2929 N Ware Road McAllen, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Prime North McAllen corner location at Daffodil St. and Ware Rd.; High‑traffic corridor with excellent accessibility.; Versatile 3,060 sq ft property suitable for residential or commercial use.
