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    516 S Broadway St McAllen, TX 78501

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    For Sale
    $700,000

    Downtown McAllen office building with two offices, new roof.

    Property size:
    5,000 SF
    Lot size:
    0.15 Acres

    Property Features for 516 S Broadway St

    General Information

    Size
    5,000 SF
    Lot size
    0.15 Acres

    Source: NAI Rio Grande Valley | McAllen Agent Roger Stolley

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown McAllen Office Building For Sale

    This downtown office property is located just over a block north of McAllen City Hall and north of the Mexican Consulate, as well as one half block north of the Honduras, El Salvador, and Guatemala Consulates. The surrounding area features established office uses, including a law office across the street. The building contains two offices within its structure. The property is undergoing upgrades, including a new roof, new HVAC system, and some interior improvements. The building size is 5,000 square feet.
    Location Intelligence

    Current Use by Public Records

    Coffman Wealth Management Financial Consultant

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.232148
    Latitude
    26.208833

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    FAQs

    What type of property is this?
    Office building - Downtown McAllen office building with two offices, new roof.
    Where is this office building located?
    The property is located at 516 S Broadway St McAllen, TX.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: - Prime downtown office location, just north of McAllen City Hall.; - Close proximity to multiple consulates (Mexican, Honduran, El Salvadoran, Guatemalan).; - Established office area with neighboring law office.
    (956) 655-1890
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    516 S Broadway St McAllen, TX 78501
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    516 S Broadway St McAllen, TX 78501
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