Sign Up Successful!
You now have access to more from Realmo!
    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

    3506 S K Ln McAllen, TX 78503

    Sponsored
    For Sale
    $66,000

    LAND - McAllen, TX

    Lot size:
    0.06 Acres
    Days on Market:
    272
    Last Refresh:
    Feb 2 at 11:06 pm

    Property Features for 3506 S K Ln

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    Georgetown Park Lot 31
    Lot size
    0.06 Acres

    We can help!

    Listing Contact
    Gregory A Vasquez

    Benavides International Group (956) 465-0011

    Listing agent Gregory A Vasquez (956) 289-3288

    Listing date May 7, 2025

    MLS# 463271

    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

    Land in McAllen, Texas

    This property is located within a new townhome community in McAllen, TX, offering convenient access to the expressway, the airport, La Plaza Mall, various restaurants, and shopping centers. The location provides a balance of comfort and convenience. A thoughtfully designed common area is available for outdoor activities. An architectural committee will maintain the community's designs and long-term value. The lot size is 0.0565 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.213376
    Latitude
    26.169487

    Nearby Similar for Sale

    • $460,000
      3,024 SF

      Modern Triplex: Prime Investment Opportunity

      Well-maintained triplex built in 2023 with immediate rental income.
      2208 Galveston Ave, McAllen, TX 78501
      View Details
    • $800,000
      4,963 SF

      McAllen Office Building For Sale

      Office building in North McAllen with two separate units.
      6316 N 10Th St, McAllen, TX 78504
      View Details
    • $949,000
      Pending

      Finished Office Space Near Nolana

      Combined office units with high-end finishes, ideal for professionals.
      1305 E Nolana Ave, McAllen, TX 78504
      View Details
    • $1,900,000
      7,931 SF

      McAllen Mixed-Use Investment Opportunity

      8.7 acres with income, development potential in high-growth area.
      4901 Buddy Owens Blvd, McAllen, TX 78504
      View Details
    • $675,000
      4,008 SF

      McAllen Multifamily Investment Opportunity

      Renovated 5-unit apartment complex in McAllen's Historic Palm District.
      502 N 15Th St, McAllen, TX 78501
      View Details
    • $2,900,000
      7,890 SF

      High-Traffic Commercial Investment Opportunity

      Fully operational oil and lube business on Trenton Road.
      2600 Trenton Rd, McAllen, TX 78504
      View Details
    • New
      $379,000
      2,349 SF

      McAllen Duplex: Investor Opportunity

      Well-maintained McAllen duplex built in 2016, tenant occupied.
      308 N 17Th St, McAllen, TX 78501
      View Details
    • $279,900
      2,838 SF

      McAllen Fourplex Investment Opportunity

      Fourplex in McAllen near South Texas College and Convention Center.
      225 N 28Th St, McAllen, TX 78501
      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
    • $5,000,000
      13,585 SF

      Established Restaurant in High Traffic

      Well-established restaurant in McAllen, TX, near hotels and airport.
      601 Expressway 83 W, McAllen, TX 78503
      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
    • $1,750,000
      19,800 SF

      McAllen Warehouses and Residential Property

      2.81 acres with warehouses, residence, and income potential.
      10701 N Ware Rd, McAllen, TX 78504
      View Details

    FAQs

    What type of property is this?
    Single family property - Land for townhome community near airport, mall, and restaurants.
    Where is this single family property located?
    The property is located at 3506 S K Ln McAllen, TX.
    What is the asking price?
    The asking price for this property is $66,000.
    What are key features of this property?
    This property features: - Prime location with unmatched accessibility to the expressway.; - Conveniently located minutes from the airport, La Plaza Mall, restaurants, and shopping centers.; - New townhome community in McAllen, TX.
    (956) 465-0011
    Request Owner's contact information
    3506 S K Ln McAllen, TX 78503
    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.
    3506 S K Ln
    McAllen, TX 78503
    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
    3506 S K Ln McAllen, TX 78503
    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
    Gregory A Vasquez
    (956) 465-0011
    Learn more
    Google sign-in failed. Please try again or use another login method.