Flex Space with
New
For Sale
Contact for pricing
1201 E Jasmine Avenue, McAllen, TX 78501
A two-tenant layout combines office and display areas with warehouse storage and overhead doors on both sides.
Property Size9,012 SF
Price / SF$2.00
Days on Market2
Property Features for 1201 E Jasmine Avenue
General Information
Standard status
Active
Size
9,012 SF
Property subtype
Commercial
Additional Details
Utilities to Site
Yes
Building Details
Year Built
2026
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 4:09PM
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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Investment Insights
Based on property information with market context.
Completed in 2026, this 9,012-square-foot flex property is arranged for two tenants, with office and showroom space alongside warehouse and storage areas. Four individual showrooms connect through a glass entry, while the central section has its own front access. Ceiling heights reach 29 feet at the ends and provide 24 feet of clearance through the center. Overhead doors serve both sides of the building. The property also includes HVAC, water, demising walls, and a bathroom, and is available beginning February 2027.
Key Highlights
- 9,012‑square‑foot flex property built in 2026
- Layout accommodates two tenants with office, showroom, warehouse, and storage areas
- Four showrooms served by a glass entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,289
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,105,780
$1.1M
Cap Rate 7%
$789,843
$789.8K
Cap Rate 9%
$614,322
$614.3K
Market Conditions
NOI Build-Up for 9,012 SF
Gross rent
$82.2K $9.12/SF
− Vacancy
−$3.2K −$0.36/SF
EGI
$79.0K $8.76/SF
− OpEx
−$23.7K −$2.63/SF
NOI
$55.3K $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%
$1,105,780
Cap Rate 7%
$789,843
Cap Rate 9%
$614,322
Alternative Uses
Best Use
Retail
$1.84M
$1.61M – $2.14M
NOI $128,631 @ 7.0% cap · market cap 713.67%
Second Best
Warehouse
$949.4K
$830.8K – $1.11M
NOI $66,460 @ 7.0% cap · market cap 368.73%
Theoretical Best
Office A
$2.45M
$2.14M – $2.86M
NOI $171,300 @ 7.0% cap · market cap 950.40%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,859
Businesses Nearby
Under-served
Demand for This Use
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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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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Classico Mc Allen — 117 S 17th St, McAllen, TX 78501
- Black Diamond BBQ - McAllen — 104 N Bicentennial Blvd, McAllen, TX 78501
- Sahadi Kitchen — 1126 Pecan Blvd, McAllen, TX 78501
Frequently Asked Questions
What type of property is this?
Flex space - A two-tenant layout combines office and display areas with warehouse storage and overhead doors on both sides.
Where is this flex space located?
The property is located at 1201 E Jasmine Avenue McAllen, TX.
What are key features of this property?
This property features: 9,012‑square‑foot flex property built in 2026; Layout accommodates two tenants with office, showroom, warehouse, and storage areas; Four showrooms served by a glass entrance
