Retail
New
For Sale
Contact for pricing
110 N 16th Street, McAllen, TX 78501
Located in Downtown McAllen, the building faces Business 88.
Property Size1,500 SF
Lot Size0.50 Acres
Price / SF$0.28
Days on Market2
Property Features for 110 N 16th Street
General Information
Standard status
Active
Size
1,500 SF
Net Rentable
1,500 SF
Total Parking Spaces
10
Lot size
0.50 Acres
Property subtype
Commercial
Zoning
C-2
Occupancy
100%
Net Operating Income
$90,000
Financials
Asking Price
$1,500
Cap Rate
7.5%
Gross Income
$120,000
Gross Rent Multiplier
10
HOA Fee
$100
Opportunity Zone
Yes
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Sprinkler System
Yes
Building Details
Year Built
1973
Year Renovated
2010
Buildings
1
Stories
2
Building Size
1,500 SF
Construction
steel
Tenancy
Multi
Abandoned
No
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 3:02PM
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 SANETI REALTY GROUP
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail property at 110 N. 16th Street in McAllen dates to 1973. It faces Business 88 in the downtown area.
Key Highlights
- 110 N. 16th Street, McAllen, TX 78501
- Built in 1973
- Faces Business 88 in Downtown McAllen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,349
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,506,980
$1.5M
Cap Rate 7%
$1,076,414
$1.1M
Cap Rate 9%
$837,211
$837.2K
Market Conditions
NOI Build-Up for 5,279 SF
Gross rent
$114.0K $21.60/SF
− Vacancy
−$6.4K −$1.21/SF
EGI
$107.6K $20.39/SF
− OpEx
−$32.3K −$6.12/SF
NOI
$75.3K $14.27/SF
Area
McAllen, TX
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,506,980
Cap Rate 7%
$1,076,414
Cap Rate 9%
$837,211
Alternative Uses
Best Use
Retail
$1.08M
$941.9K – $1.26M
NOI $75,349 @ 7.0% cap · market cap 5,023.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,343 @ 7.0% cap · market cap 6,689.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,592
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Located in Downtown McAllen, the building faces Business 88.
Where is this retail space located?
The property is located at 110 N 16th Street McAllen, TX.
What are key features of this property?
This property features: 110 N. 16th Street, McAllen, TX 78501; Built in 1973; Faces Business 88 in Downtown McAllen
