Two- Building Retail
For Sale
Contact for pricing
1008 E Pecan Blvd, McAllen, TX 78501
Two retail buildings with established tenants, fully occupied on month-to-month leases along a major commercial corridor.
Property Size20,000 SF
Lot Size3.03 Acres
Price / SF$170
Days on Market129
Property Features for 1008 E Pecan Blvd
General Information
Standard status
Active
Size
20,000 SF
Lot size
3.03 Acres
Property subtype
Retail
Occupancy
100%
Building Details
Year Built
1980
Tenancy
Multi
Listing Agency:
Davis Equity Realty
(956) 969-8648
Listed By:
Randy Summers · License #TX 0452513
Source:
Crexi
Added: Mar 24
Changed: Jul 23
Last Checked: Jul 23 at 7:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Davis Equity Realty
Investment Insights
Based on property information with market context.
This strategically positioned 3.03-acre retail property at 1008 E Pecan Blvd, McAllen, TX offers a fully leased setup with two separate buildings totaling approximately 12,000 SF of leasable space. The property is currently 100% occupied by established tenants operating on month-to-month leases, providing immediate flexibility for either rental rate adjustments or future repositioning.
The site benefits from strong frontage along one of McAllen’s primary commercial corridors. Nearby and surrounding tenants include UTRGV Cancer Center, U.S. Post Office, Rio Grande Plumbing, and Security First Credit Union.
As a result, the asset combines current occupancy with practical runway for an owner to manage tenant terms, pursue rent optimization, or consider longer-hold redevelopment planning, depending on the buyer’s goals.
The site benefits from strong frontage along one of McAllen’s primary commercial corridors. Nearby and surrounding tenants include UTRGV Cancer Center, U.S. Post Office, Rio Grande Plumbing, and Security First Credit Union.
As a result, the asset combines current occupancy with practical runway for an owner to manage tenant terms, pursue rent optimization, or consider longer-hold redevelopment planning, depending on the buyer’s goals.
Key Highlights
- 3.03‑acre income‑producing property along a major McAllen commercial corridor
- Two buildings with about 20,000 SF of leasable space across two 10,000 SF buildings
- Currently 100% occupied with established tenants on month‑to‑month leases
Financial Insights For Specialty 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 | $432.0k | $21.60 |
| − Vacancy | −$24.2k | −$1.21 |
| EGI | $407.8k | $20.39 |
| − OpEx | −$102.0k | −$5.10 |
| NOI | $305.9k | $15.29 |
20,000 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$4.37M
$3.82M – $5.10M
NOI $305,856 @ 7.0% cap · market cap 9.00%
Second Best
Retail
$4.08M
$3.57M – $4.76M
NOI $285,466 @ 7.0% cap · market cap 8.40%
Theoretical Best
Office A
$5.43M
$4.75M – $6.34M
NOI $380,160 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
776
Businesses Nearby
Explore this area
Business Placement
Demographics for 78501, TX
60,817
Population
24,807
Households
2.5
Avg Household Size
37
Median Age
27%
College-Educated
77%
High-School Grad
15.5 sq mi
ZIP Area
3,924
Density / Sq Mi
$49,451
Median Household Income
$29,092
Median Earnings
$943
Median Rent
$149,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Two retail buildings with established tenants, fully occupied on month-to-month leases along a major commercial corridor.
Where is this retail space located?
The property is located at 1008 E Pecan Blvd McAllen, TX.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: 3.03‑acre income‑producing property along a major McAllen commercial corridor; Two buildings with about 20,000 SF of leasable space across two 10,000 SF buildings; Currently 100% occupied with established tenants on month‑to‑month leases
