Office Suite with Conference
New
For Sale
Contact for pricing
1109 W Nolana Avenue Unit 306, McAllen, TX 78501
The suite offers several private offices, a reception area, and built-in conference furnishings.
Property Size1,452 SF
Price / SF$1.37
Days on Market2
Property Features for 1109 W Nolana Avenue Unit 306
General Information
Standard status
Active
Size
1,452 SF
Property subtype
Commercial
Additional Details
Condition
Move-in Ready
Property Use
Office
Amenities
serene campus setting
lush landscaping and mature trees
walking distance to restaurants and shopping
Building Details
Year Built
1991
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 4:04PM
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.
Suite 306 contains 1,452 square feet within the Interplex professional office complex. Its layout includes multiple offices, a reception area, and a conference space with built-ins. The property was built in 1991.
The complex is at 1109 W Nolana Avenue in McAllen, just west of N. 10th Street. Landscaped grounds feature mature trees along walkways and landscaped islands. Restaurants and retail shops, including Barnes & Noble, Corner Bakery Café, and Cowboy Chicken, are within walking distance.
The complex is at 1109 W Nolana Avenue in McAllen, just west of N. 10th Street. Landscaped grounds feature mature trees along walkways and landscaped islands. Restaurants and retail shops, including Barnes & Noble, Corner Bakery Café, and Cowboy Chicken, are within walking distance.
Key Highlights
- 1,452‑square‑foot office suite with multiple offices
- Reception area and conference space with built‑ins
- Located in the Interplex professional office complex
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,439
Suggested Prices Based on Cap Rates
Cap Rate 5%
$388,780
$388.8K
Cap Rate 7%
$277,700
$277.7K
Cap Rate 9%
$215,989
$216.0K
Market Conditions
NOI Build-Up for 1,452 SF
Gross rent
$30.5K $21.00/SF
− Vacancy
−$4.6K −$3.15/SF
EGI
$25.9K $17.85/SF
− OpEx
−$6.5K −$4.46/SF
NOI
$19.4K $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%
$388,780
Cap Rate 7%
$277,700
Cap Rate 9%
$215,989
Alternative Uses
Best Use
Office B
$277.7K
$243.0K – $324.0K
NOI $19,439 @ 7.0% cap · market cap 974.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$394.3K
$345.0K – $460.0K
NOI $27,600 @ 7.0% cap · market cap 1,383.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,462
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 Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The suite offers several private offices, a reception area, and built-in conference furnishings.
Where is this office unit located?
The property is located at 1109 W Nolana Avenue Unit 306 McAllen, TX.
What are key features of this property?
This property features: 1,452‑square‑foot office suite with multiple offices; Reception area and conference space with built‑ins; Located in the Interplex professional office complex
