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    McAllen Turnkey Investment Opportunity Title is generated by Realmo AI

    809 N Ware Road, McAllen, TX 78501

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    Claim this Listing
    For Sale
    $695,000

    COMMERCIAL - McAllen, TX

    Property size:
    2,790 SF
    Lot size:
    0.20 Acres
    Price / SF:
    $249/SF
    Added:
    Mar 24, 2026
    Days on Market:
    53
    Last Refresh:
    May 15 at 11:06 pm

    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

    We can help!

    Listing Contact
    Alejandra E. Cobos
    Alejandra E. Cobos

    Listing agent Alejandra E. Cobos

    Listing office Cobos Real Estate Services LLC 520 W Pecan Blvd, McAllen, TX

    Listing date Mar 24, 2026

    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.

    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.
    • Turnkey investment opportunity with both active and passive income streams.
    • Well‑maintained 2,790 sq. ft. property with approximately 16 parking spaces.
    • Strategically located in a high‑traffic area off Ware Rd and Pecan.

    Overview

    This 2,790 square foot commercial property in McAllen, TX, presents a turnkey investment opportunity with a 7.2% cap rate. The property features an established laundromat equipped with 24 commercial washers and 28 dryers, most of which are under warranty. Coin changers and vending machines are also included. The laundromat generates $75,000 in annual income. Additionally, the property includes four on-site rental offices, offering potential for supplemental income. Currently, one office is leased, while three are vacant, providing an opportunity to increase cash flow. The property is well-maintained and includes approximately 16 parking spaces. Located off Ware Rd and Pecan in a high-traffic area, the property is situated on a 0.1989-acre lot. The property is zoned CO. The laundromat business can also be purchased separately with a lease for the space.

    Financial Insights

    Value Estimation Calculated for Retail

    Conservative
    $442.5K
    NOI $39,822 @ 9.00% cap · cautious / downside scenario
    Moderate
    $568.9K
    NOI $39,822 @ 7.00% cap · market / base-case scenario
    Aggressive
    $796.4K
    NOI $39,822 @ 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 $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 Use Scenarios

    Best Use
    Retail
    $568.9K
    $497.8K – $663.7K (±1% cap)
    NOI $39,822 @ 7.0% cap · market cap 5.73%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $757.6K
    $662.9K – $883.9K (±1% cap)
    NOI $53,032 @ 7.0% cap · market cap 7.63%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Road Assistance 24/7 Auto Repair Shop All Valley Laundry (Bike/Boat/Book/etc) Store

    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
    -98.260876
    Latitude
    26.215353

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    FAQs

    What type of property is this?
    Retail space - Established laundromat with rental offices in high-traffic area.
    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 $695,000.
    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.
    (956) 802-1982
    We can help!
    Listing Contact
    Alejandra E. Cobos
    Alejandra E. Cobos
    Learn More
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    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
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