Configured Office
For Sale
Contact for pricing
105-143 W Nolana Ave, McAllen, TX 78504
Built-out workspace includes meeting, breakroom, and restroom amenities for day-to-day office operations.
Property Size2,250 SF
Price / SF$233.33
Days on Market58
Property Features for 105-143 W Nolana Ave
General Information
Standard status
Active
Size
2,250 SF
Property subtype
OFFICE
Amenities
LED Digital sign
Marque Street Sign
Conference Room
Breakroom
Listing Agency:
First American Realty
(956) 682-3000
Listed By:
Charles Marina, CCIM, CRB, GRI
(956) 495-3000
Source:
Moodyscre
Added: Aug 26
Changed: Oct 7
Last Checked: Oct 21 at 12:08AM
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 First American Realty
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Investment Insights
Based on property information with market context.
This 2,250-square-foot office unit at 105-143 W Nolana Ave features a practical multi-room layout with 10 medium and large offices. The interior also includes a conference room, breakroom, and 2 bathrooms, providing a ready configuration for professional office use.
Exterior identification includes an LED digital sign and a marquee street sign. The property is positioned in a high-traffic area with visibility and plenty of parking, supporting convenient access for occupants and visitors.
Exterior identification includes an LED digital sign and a marquee street sign. The property is positioned in a high-traffic area with visibility and plenty of parking, supporting convenient access for occupants and visitors.
Key Highlights
- 2,250 SF office unit with 10 medium and large offices
- Conference room, breakroom, and 2 bathrooms
- LED digital sign and marquee street sign
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,122
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$602,440
$602.4K
Cap Rate 7%
$430,314
$430.3K
Cap Rate 9%
$334,689
$334.7K
Market Conditions
NOI Build-Up for 2,250 SF
Gross rent
$47.3K $21.00/SF
− Vacancy
−$7.1K −$3.15/SF
EGI
$40.2K $17.85/SF
− OpEx
−$10.0K −$4.46/SF
NOI
$30.1K $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%
$602,440
Cap Rate 7%
$430,314
Cap Rate 9%
$334,689
Alternative Uses
Best Use
Office B
$430.3K
$376.5K – $502.0K
NOI $30,122 @ 7.0% cap · market cap 5.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$611.0K
$534.6K – $712.8K
NOI $42,768 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,664
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
Frequently Asked Questions
What type of property is this?
Office unit - Built-out workspace includes meeting, breakroom, and restroom amenities for day-to-day office operations.
Where is this office unit located?
The property is located at 105-143 W Nolana Ave McAllen, TX.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2,250 SF office unit with 10 medium and large offices; Conference room, breakroom, and 2 bathrooms; LED digital sign and marquee street sign
