Auto Repair Facility with Service
For Sale
$500,000
111 21st Street, McAllen, TX 78501
Auto repair facility includes multiple service bays, a small office/reception area, and off-street parking.
Property Size6,351 SF
Lot Size0.16 Acres
Price / SF$78.73
Days on Market29
Property Features for 111 21st Street
General Information
Standard status
Active
Size
6,351 SF
Lot size
0.16 Acres
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$1,599
Amenities
Window Air Conditioning
Parking.
12 Parking Spaces. Off Street.
Extra Storage. City Road.
Building Details
Year Built
1976
Listing Agency:
Monarca Real Estate Group Llc
(956) 862-2964
Listed By:
Jisella Ortiz · License #0733033
(956) 862-2964
Source:
Xome
Added: Jul 15
Changed: Aug 8
Last Checked: Aug 11 at 5:02AM
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 Monarca Real Estate Group Llc
Investment Insights
Based on property information with market context.
This auto repair facility is housed in a 6,351-square-foot commercial building with multiple service bays for auto repair work. The property also includes a small office/reception area used for customer check-in and daily operations, along with off-street parking to support customer access.
The site is located in downtown McAllen, just steps from Business 83 and S 23rd Street, placing it in an established commercial corridor.
The building sits on an irregular 7,000-square-foot lot, offering a straightforward automotive-focused layout that can also serve as a repositioning site for another commercial use subject to applicable regulations.
The site is located in downtown McAllen, just steps from Business 83 and S 23rd Street, placing it in an established commercial corridor.
The building sits on an irregular 7,000-square-foot lot, offering a straightforward automotive-focused layout that can also serve as a repositioning site for another commercial use subject to applicable regulations.
Key Highlights
- 6,351 sq ft commercial building built in 1976 on an irregular 7,000 sq ft lot
- Auto repair facility with multiple service bays for vehicle service work
- Small office/reception area for customer check‑in and daily operations
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,964
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$779,280
$779.3K
Cap Rate 7%
$556,629
$556.6K
Cap Rate 9%
$432,933
$432.9K
Market Conditions
NOI Build-Up for 6,351 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$57.9K $9.12/SF
− Vacancy
−$2.3K −$0.36/SF
EGI
$55.7K $8.76/SF
− OpEx
−$16.7K −$2.63/SF
NOI
$39.0K $6.14/SF
Area
McAllen, TX
Vacancy
3.90%
Lease Rate
$9.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$779,280
Cap Rate 7%
$556,629
Cap Rate 9%
$432,933
Alternative Uses
Best Use
Retail
$1.29M
$1.13M – $1.51M
NOI $90,650 @ 7.0% cap · market cap 18.13%
Second Best
Industrial
$556.6K
$487.1K – $649.4K
NOI $38,964 @ 7.0% cap · market cap 7.79%
Theoretical Best
Office A
$1.72M
$1.51M – $2.01M
NOI $120,720 @ 7.0% cap · market cap 24.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,458
Businesses Nearby
Well-served
Demand for This Use
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 Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Donkey Graphics — 1005 S 23rd St, McAllen, TX 78501
- Momentum Auto Body Repair & Paint — 1300 S 22nd St, McAllen, TX 78501
- AMAYAS AUTO SERVICE — 1300 s 22nd st, mcallen, tx 78501
- Humble Hands Automotive LLC — 801 S 23rd St, McAllen, TX 78501
- Bernal's Auto Services — 2200 Newport Ave W, McAllen, TX 78501
Frequently Asked Questions
What type of property is this?
Auto shop - Auto repair facility includes multiple service bays, a small office/reception area, and off-street parking.
Where is this auto shop located?
The property is located at 111 21st Street McAllen, TX.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 6,351 sq ft commercial building built in 1976 on an irregular 7,000 sq ft lot; Auto repair facility with multiple service bays for vehicle service work; Small office/reception area for customer check‑in and daily operations
