Retail Laundromat with Office
809 N Ware Road McAllen, TX 78501
For Sale
$665,000
COMMERCIAL - McAllen, TX
Property Size2,790 SF
Lot Size0.20 Acres
Price / SF$238.35
Days on Market46
Property Features for 809 N Ware Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- CO
- Parking
- 18
- Security features
- Security System
- Patio and Porch features
- Patio
- Appliances
- Water Heater (Other Location)
- Standard status
- Active
- APN
- V347001000000700
- Size
- 2,790 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7339
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1998
- Floors in Building
- 1
- Building materials
- Brick
- Roof type
- Flat
Listing Agency:
Cobos Real Estate Services LLC
(956) 802-1982
Listed By:
Alejandra E. Cobos · License #582452
(956) 802-1982
Added: Jun 10
Last Checked: Jul 25 at 8:06AM
MLS# 498964
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.
This turnkey commercial property combines an established laundromat with four on-site rental offices. The laundromat includes 24 commercial washers and 28 dryers, along with coin changers and vending machines. Most of the equipment is described as under warranty. In addition to the laundry operation, there are four rental office units on-site, with one currently leased and three vacant.
The property is located at 809 N Ware Road in McAllen, Texas, in Hidalgo County. The listing describes approximately 16 parking spaces and positioning off Ware Rd and Pecan in a high-traffic area.
For operators, investors, or buyers seeking an income-oriented setup, the mix of a functioning laundromat and multiple rental office spaces can support diversified cash flow. The ownership opportunity is also presented as a way to purchase the business and lease the space, with the laundromat equipment and office units identified as part of the offering. Zoning is listed as CO.
The property is located at 809 N Ware Road in McAllen, Texas, in Hidalgo County. The listing describes approximately 16 parking spaces and positioning off Ware Rd and Pecan in a high-traffic area.
For operators, investors, or buyers seeking an income-oriented setup, the mix of a functioning laundromat and multiple rental office spaces can support diversified cash flow. The ownership opportunity is also presented as a way to purchase the business and lease the space, with the laundromat equipment and office units identified as part of the offering. Zoning is listed as CO.
Key Highlights
- Strong 7.2% capitalization rate, offering reliable returns for investors.
- Established laundromat business generating $75,000 in annual income.
- Opportunity to generate additional income from four on‑site rental offices.
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 | $60.3k | $21.60 |
| − Vacancy | −$3.4k | −$1.21 |
| EGI | $56.9k | $20.39 |
| − OpEx | −$17.1k | −$6.12 |
| NOI | $39.8k | $14.27 |
2,790 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$568.9K
$497.8K – $663.7K
NOI $39,822 @ 7.0% cap · market cap 5.99%
Second Best
Office B
$533.6K
$466.9K – $622.5K
NOI $37,351 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$757.6K
$662.9K – $883.9K
NOI $53,032 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Road Assistance 24/7
Auto Repair Shop
All Valley Laundry
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Retail space - Turnkey laundromat with on-site rental offices and coin-operated equipment, supported by parking for day-to-day customer flow.
Where is this retail space located?
The property is located at 809 N Ware Road McAllen, TX.
What is the asking price?
The asking price for this property is $665,000.
What are key features of this property?
This property features: Strong 7.2% capitalization rate, offering reliable returns for investors.; Established laundromat business generating $75,000 in annual income.; Opportunity to generate additional income from four on‑site rental offices.
