Auto Repair Facility with Service
For Sale
$500,000
111 S 21st St, McAllen, TX 78501
Established facility includes customer reception space and off-street parking.
Property Size6,351 SF
Lot Size0.16 Acres
Price / SF$78.73
Days on Market49
Property Features for 111 S 21st St
General Information
Standard status
Active
Size
6,351 SF
Lot size
0.16 Acres
Additional Details
Highway Access
Yes
Amenities
office/reception area
off-street parking
Building Details
Year Built
1976
Buildings
1
Listing Agency:
Monarca Real Estate Group LLC
Listed By:
Jisella Ortiz · License #0733033
(956) 862-2964
Source:
Aregtx
Added: Sep 14
Changed: Oct 25
Last Checked: Oct 7 at 2:36PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This auto repair property contains a 6,351-square-foot commercial building on an irregular 7,000-square-foot lot. Multiple service bays support automotive repair operations, while a compact office and reception area provide space for customer check-in and daily administration. The property was built in 1976 and includes off-street parking.
Located at 111 S 21st St in McAllen, the facility sits near Business 83 and S 23rd Street within an established downtown commercial corridor. Its position provides access to downtown McAllen businesses and services, with the site configured for continued automotive use or another commercial application.
Located at 111 S 21st St in McAllen, the facility sits near Business 83 and S 23rd Street within an established downtown commercial corridor. Its position provides access to downtown McAllen businesses and services, with the site configured for continued automotive use or another commercial application.
Key Highlights
- 6,351‑square‑foot commercial building
- Irregular 7,000‑square‑foot lot
- Multiple service bays for automotive repair
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,964
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,487
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
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
Similar Off Market Nearby
- Bernal's Auto Services — 2200 Newport Ave W, 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
- Donkey Graphics — 1005 S 23rd St, McAllen, TX 78501
- Humble Hands Automotive LLC — 801 S 23rd St, McAllen, TX 78501
Frequently Asked Questions
What type of property is this?
Auto shop - Established facility includes customer reception space and off-street parking.
Where is this auto shop located?
The property is located at 111 S 21st St 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‑square‑foot commercial building; Irregular 7,000‑square‑foot lot; Multiple service bays for automotive repair
