Auto Repair Facility with Service
New
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 Market2
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) 803-0341
Source:
Aregtx
Added: Sep 14
Last Checked: Sep 14 at 2:39PM
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 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 = 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
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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
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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
