Flex Space with
New
For Sale
Contact for pricing
1201 E Jasmine Avenue Unit 2, McAllen, TX 78501
A multi-tenant layout combines office and display areas with warehouse and storage space.
Property Size3,276 SF
Price / SF$2.00
Days on Market2
Property Features for 1201 E Jasmine Avenue Unit 2
General Information
Standard status
Active
Size
3,276 SF
Property subtype
Commercial
Additional Details
Property Use
Office/Showroom/Warehouse
Amenities
overhead doors
glass entrance
Building Details
Year Built
2026
Tenancy
Multi
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 3:50PM
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.
This 3,276-square-foot flex property, built in 2026, is configured for two tenants. Four separate showroom areas connect to storage and warehouse space, alongside office areas. Ceiling height reaches 29 feet at the ends and provides 24 feet of clearance through the center. Overhead doors are positioned on both sides, and a glass entrance serves the showroom areas. The center section also has front access.
Water, HVAC, demising walls, and a bathroom are included. The space is available beginning February 2027.
Water, HVAC, demising walls, and a bathroom are included. The space is available beginning February 2027.
Key Highlights
- 3,276 square feet; built in 2026
- Layout configured for two tenants
- Four showroom areas with office, warehouse, and storage space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,098
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,960
$402.0K
Cap Rate 7%
$287,114
$287.1K
Cap Rate 9%
$223,311
$223.3K
Market Conditions
NOI Build-Up for 3,276 SF
Gross rent
$29.9K $9.12/SF
− Vacancy
−$1.2K −$0.36/SF
EGI
$28.7K $8.76/SF
− OpEx
−$8.6K −$2.63/SF
NOI
$20.1K $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%
$401,960
Cap Rate 7%
$287,114
Cap Rate 9%
$223,311
Alternative Uses
Best Use
Retail
$668.0K
$584.5K – $779.3K
NOI $46,759 @ 7.0% cap · market cap 713.66%
Second Best
Warehouse
$345.1K
$302.0K – $402.7K
NOI $24,159 @ 7.0% cap · market cap 368.73%
Theoretical Best
Office A
$889.6K
$778.4K – $1.04M
NOI $62,270 @ 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
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,859
Businesses Nearby
Under-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
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Cap Rate, Value Estimation, Potential NOI and more
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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 multi-tenant layout combines office and display areas with warehouse and storage space.
Where is this flex space located?
The property is located at 1201 E Jasmine Avenue Unit 2 McAllen, TX.
What are key features of this property?
This property features: 3,276 square feet; built in 2026; Layout configured for two tenants; Four showroom areas with office, warehouse, and storage space
