Open-Plan Mixed-Use
New
For Sale
Contact for pricing
1111 N Jackson Road, McAllen, TX 78501
Office and retail space offers a flexible layout that the landlord can configure for tenant requirements.
Property Size3,488 SF
Price / SF$1.80
Days on Market2
Property Features for 1111 N Jackson Road
General Information
Standard status
Active
Size
3,488 SF
Property subtype
Commercial
Building Details
Year Built
1989
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 3:18PM
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.
The 3,488-square-foot property at 1111 N Jackson Road in McAllen contains office and retail space with a primarily open floor plan. The landlord, a general contractor, can adjust the configuration to meet tenant requirements. Large windows bring natural light into the space, and on-site parking is available.
Built in 1989, the property is positioned for office or retail use. The listing identifies Dollar Store, thrift store, and apparel concepts as potential retail uses.
Built in 1989, the property is positioned for office or retail use. The listing identifies Dollar Store, thrift store, and apparel concepts as potential retail uses.
Key Highlights
- 3,488 SF of office and retail space
- Primarily open floor plan
- Landlord is a general contractor and can configure the space for tenant requirements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,379
Suggested Prices Based on Cap Rates
Cap Rate 5%
$847,580
$847.6K
Cap Rate 7%
$605,414
$605.4K
Cap Rate 9%
$470,878
$470.9K
Market Conditions
NOI Build-Up for 3,488 SF
Gross rent
$75.3K $21.60/SF
− Vacancy
−$7.5K −$2.16/SF
EGI
$67.8K $19.44/SF
− OpEx
−$25.4K −$7.29/SF
NOI
$42.4K $12.15/SF
Area
McAllen, TX
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$847,580
Cap Rate 7%
$605,414
Cap Rate 9%
$470,878
Alternative Uses
Best Use
Retail
$711.2K
$622.3K – $829.8K
NOI $49,785 @ 7.0% cap · market cap 792.88%
Second Best
Mixed Use
$605.4K
$529.7K – $706.3K
NOI $42,379 @ 7.0% cap · market cap 674.93%
Theoretical Best
Office A
$947.1K
$828.8K – $1.11M
NOI $66,300 @ 7.0% cap · market cap 1,055.90%
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
970
Businesses Nearby
138k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Leisure 55%
Shops & Services 45%
Cinemark Pharr Town Center and XD
Leisure
75,742 visits/mo
0.4 miles
Wells Fargo
Shops & Services
13,421 visits/mo
0.3 miles
Sunoco
Shops & Services
12,992 visits/mo
0.2 miles
Exxon
Shops & Services
12,772 visits/mo
0.3 miles
Jo-Ann Fabric and Craft
Shops & Services
11,884 visits/mo
0.5 miles
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Office and retail space offers a flexible layout that the landlord can configure for tenant requirements.
Where is this mixed-use property located?
The property is located at 1111 N Jackson Road McAllen, TX.
What are key features of this property?
This property features: 3,488 SF of office and retail space; Primarily open floor plan; Landlord is a general contractor and can configure the space for tenant requirements
