Freestanding Office
For Sale
$650,000
900 E Redbud Avenue, McAllen, TX 78504
Commercial Sale, McAllen, TX
Property Size4,000 SF
Lot Size0.24 Acres
Price / SF$162.50
Days on Market188
Property Features for 900 E Redbud Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
F1
Parking
1
Parking features
On Street
Appliances
Electric Water Heater
Subdivision
Lakes Condominiums
Directions
Traveling North on McColl Rd., turn right on East Redbud. Property is on the right hand side.
Standard status
Active
APN
L249500000014A00,L249500000019B00
Size
4,000 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4064
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
reception area
kitchen
male/female restrooms
laundry room
3 private rooms
2 large open areas
Building Details
Year built
2002
Floors in Building
1
Building materials
Stucco
Roof type
Flat
Listing Agency:
RE/MAX Platinum · RE/MAX International
(956) 668-8555
Listed By:
Deborah Tippit
(956) 533-8743
Added: Apr 10
Changed: Oct 8
Last Checked: Oct 14 at 5:06AM
MLS# 483611
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 freestanding office building offers approximately 4,000 square feet within a professional business park. The layout includes a reception area, kitchen, separate male and female restrooms, laundry room, three private rooms, and two large open areas. Stucco construction, a flat roof, central heating, and central air support the existing office configuration.
The property is located at 900 E Redbud Avenue in McAllen, just off McColl and near DHR. It carries F1 zoning, includes on-street parking, and was built in 2002. An electric water heater serves the building.
The property is located at 900 E Redbud Avenue in McAllen, just off McColl and near DHR. It carries F1 zoning, includes on-street parking, and was built in 2002. An electric water heater serves the building.
Key Highlights
- Approximately 4,000 SF freestanding office building
- F1 zoning in a professional business park
- Reception area, kitchen, laundry room, and separate male and female restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,550
Cap Rate
8.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,071,000
$1.1M
Cap Rate 7%
$765,000
$765.0K
Cap Rate 9%
$595,000
$595.0K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$84.0K $21.00/SF
− Vacancy
−$12.6K −$3.15/SF
EGI
$71.4K $17.85/SF
− OpEx
−$17.9K −$4.46/SF
NOI
$53.6K $13.39/SF
Area
McAllen, TX
Vacancy
15.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,071,000
Cap Rate 7%
$765,000
Cap Rate 9%
$595,000
Alternative Uses
Best Use
Office B
$765.0K
$669.4K – $892.5K
NOI $53,550 @ 7.0% cap · market cap 8.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.09M
$950.4K – $1.27M
NOI $76,032 @ 7.0% cap · market cap 11.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,190
Businesses Nearby
Explore this area
Business Placement
Demographics for 78504, TX
56,830
Population
21,417
Households
2.7
Avg Household Size
35
Median Age
40%
College-Educated
86%
High-School Grad
19.6 sq mi
ZIP Area
2,899
Density / Sq Mi
$77,627
Median Household Income
$41,632
Median Earnings
$1,178
Median Rent
$203,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Office property in a professional business park with private rooms, open work areas, and central HVAC.
Where is this office building located?
The property is located at 900 E Redbud Avenue McAllen, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Approximately 4,000 SF freestanding office building; F1 zoning in a professional business park; Reception area, kitchen, laundry room, and separate male and female restrooms
