Move-In Ready Office
New
For Sale
Contact for pricing
1109 W Nolana Avenue Unit 202, McAllen, TX 78504
An established office complex offers landscaped grounds and convenient access to nearby restaurants and shops.
Property Size2,060 SF
Price / SF$1.36
Days on Market2
Property Features for 1109 W Nolana Avenue Unit 202
General Information
Standard status
Active
Size
2,060 SF
Property subtype
Commercial
Additional Details
Condition
Move-in Ready
Road Access
Yes
Property Use
Office
Amenities
campus setting
landscaped grounds
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 3:57PM
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 2,060-square-foot office suite is located within a professional office complex and is described as move-in ready. The property was built in 1991, with walkways and landscaped islands set among mature trees.
The office is at 1109 W Nolana Avenue in McAllen, west of N. 10th Street. Restaurants and retail shops, including Barnes & Noble, Corner Bakery Cafe, and Cowboy Chicken, are within walking distance.
The office is at 1109 W Nolana Avenue in McAllen, west of N. 10th Street. Restaurants and retail shops, including Barnes & Noble, Corner Bakery Cafe, and Cowboy Chicken, are within walking distance.
Key Highlights
- 2,060‑square‑foot office suite
- Built in 1991
- Located west of N. 10th Street on W Nolana Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,578
Suggested Prices Based on Cap Rates
Cap Rate 5%
$551,560
$551.6K
Cap Rate 7%
$393,971
$394.0K
Cap Rate 9%
$306,422
$306.4K
Market Conditions
NOI Build-Up for 2,060 SF
Gross rent
$43.3K $21.00/SF
− Vacancy
−$6.5K −$3.15/SF
EGI
$36.8K $17.85/SF
− OpEx
−$9.2K −$4.46/SF
NOI
$27.6K $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%
$551,560
Cap Rate 7%
$393,971
Cap Rate 9%
$306,422
Alternative Uses
Best Use
Office B
$394.0K
$344.7K – $459.6K
NOI $27,578 @ 7.0% cap · market cap 986.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$559.4K
$489.5K – $652.6K
NOI $39,156 @ 7.0% cap · market cap 1,400.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,462
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 Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - An established office complex offers landscaped grounds and convenient access to nearby restaurants and shops.
Where is this office unit located?
The property is located at 1109 W Nolana Avenue Unit 202 McAllen, TX.
What are key features of this property?
This property features: 2,060‑square‑foot office suite; Built in 1991; Located west of N. 10th Street on W Nolana Avenue
