New-Construction
For Sale
$340,000
11008 N 27th Ln, McAllen, TX 78504
Plans include private patios, stainless steel appliances, added storage, and spacious bedrooms with large closets.
Property Size2,200 SF
Price / SF$154.55
Days on Market57
Property Features for 11008 N 27th Ln
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,500
Listing Agency:
Texas Landmark Realty LLC
Listed By:
Irene Uribe Manrique de Lara · License #801067752
(956) 492-5638
Source:
Exprealty
Added: Sep 3
Changed: Oct 28
Last Checked: Oct 28 at 4:30PM
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 Texas Landmark Realty LLC
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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 duplex is under construction, with completion scheduled for November 2026. The described floorplan includes 3 bedrooms, 2 baths, spacious living areas, and private patios. Planned features include pantry space, dishwasher connections, stainless steel appliances, added storage, and large bedroom closets. The primary suite is designed with a walk-in shower, extended vanity, and walk-in closet. Buyers may be able to choose from builder-curated finishes during construction.
The property is in North McAllen, near Zinnia and Tres Lagos Park, H-E-B, Walmart, dining, and healthcare. The listing notes nine remaining units and possible seller contributions toward title policy, survey, and select lender fees; financing and pricing terms are not included here.
The property is in North McAllen, near Zinnia and Tres Lagos Park, H-E-B, Walmart, dining, and healthcare. The listing notes nine remaining units and possible seller contributions toward title policy, survey, and select lender fees; financing and pricing terms are not included here.
Key Highlights
- Duplex floorplan with 3 bedrooms and 2 baths
- Construction completion scheduled for November 2026
- Private patios and spacious living areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,879
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,580
$397.6K
Cap Rate 7%
$283,986
$284.0K
Cap Rate 9%
$220,878
$220.9K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$30.4K $13.80/SF
− Vacancy
−$2.0K −$0.89/SF
EGI
$28.4K $12.91/SF
− OpEx
−$8.5K −$3.87/SF
NOI
$19.9K $9.04/SF
Area
McAllen, TX
Vacancy
6.46%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,580
Cap Rate 7%
$283,986
Cap Rate 9%
$220,878
Alternative Uses
Best Use
Multifamily LT 5
$284.0K
$248.5K – $331.3K
NOI $19,879 @ 7.0% cap · market cap 5.85%
Second Best
Apartment 5plus
$261.0K
$228.4K – $304.5K
NOI $18,269 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$597.4K
$522.7K – $697.0K
NOI $41,818 @ 7.0% cap · market cap 12.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
49
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Plans include private patios, stainless steel appliances, added storage, and spacious bedrooms with large closets.
Where is this duplex located?
The property is located at 11008 N 27th Ln McAllen, TX.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Duplex floorplan with 3 bedrooms and 2 baths; Construction completion scheduled for November 2026; Private patios and spacious living areas
