Brick Industrial
For Sale
$2,500,000
120 S Broadway Street, McAllen, TX 78501
Commercial Sale, McAllen, TX
Property Size14,000 SF
Lot Size0.32 Acres
Price / SF$178.57
Days on Market147
Property Features for 120 S Broadway Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
13
Parking features
On Street
Appliances
Electric Water Heater, Water Heater (Other)
Subdivision
Mcallen Addition
Lot features
Downtown
Directions
From Route 83 go south on Broadway to Beaumont, building on the right side corner
Standard status
Active
APN
M195000013000100
Size
14,000 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
12050
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Building Details
Year built
1976
Floors in Building
2
Building materials
Brick, Block
Roof type
Flat
Listing Agency:
RE/MAX Platinum · RE/MAX International
(956) 668-8555
Listed By:
Jonathan Lindley · License #542810
(956) 929-1583
Added: May 20
Changed: Oct 8
Last Checked: Oct 13 at 10:06AM
MLS# 485914
Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This industrial property contains 14,000 square feet on a 0.3214-acre site. Built in 1976, the building features brick and block construction, a flat roof, central electric heating, and central air conditioning. Electric water-heating equipment is also in place.
The property is located at 120 S Broadway Street in McAllen, with the source information identifying the site at the corner of Broadway and Beaumont. On-street parking serves the building.
The property is located at 120 S Broadway Street in McAllen, with the source information identifying the site at the corner of Broadway and Beaumont. On-street parking serves the building.
Key Highlights
- 14,000‑square‑foot industrial property on a 0.3214‑acre site
- Brick and block construction completed in 1976
- Flat roof design
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,890
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,717,800
$1.7M
Cap Rate 7%
$1,227,000
$1.2M
Cap Rate 9%
$954,333
$954.3K
Market Conditions
NOI Build-Up for 14,000 SF
Gross rent
$127.7K $9.12/SF
− Vacancy
−$5.0K −$0.36/SF
EGI
$122.7K $8.76/SF
− OpEx
−$36.8K −$2.63/SF
NOI
$85.9K $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%
$1,717,800
Cap Rate 7%
$1,227,000
Cap Rate 9%
$954,333
Alternative Uses
Best Use
Industrial
$1.23M
$1.07M – $1.43M
NOI $85,890 @ 7.0% cap · market cap 3.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.80M
$3.33M – $4.44M
NOI $266,112 @ 7.0% cap · market cap 10.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,556
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Industrial property - Freestanding industrial property with brick and block construction, central air conditioning, and on-street parking.
Where is this industrial property located?
The property is located at 120 S Broadway Street McAllen, TX.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 14,000‑square‑foot industrial property on a 0.3214‑acre site; Brick and block construction completed in 1976; Flat roof design
