Flex Space with
New
For Sale
Contact for pricing
1201 E Jasmine Avenue Unit 3, McAllen, TX 78501
A two-tenant configuration combines office, display, and storage areas with overhead doors on both sides.
Property Size4,506 SF
Price / SF$2.00
Days on Market2
Property Features for 1201 E Jasmine Avenue Unit 3
General Information
Standard status
Active
Size
4,506 SF
Property subtype
Commercial
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 3:22PM
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.
The 4,506-square-foot flex property pairs office and showroom space with warehouse and storage areas. Four showrooms connect to the glass-front entrance, while overhead doors on both sides provide additional access. The layout can accommodate two tenants, and the center section has front access. Ceiling height reaches 29 feet at the ends, with 24 feet of clearance through the center.
The space is scheduled to be available in February 2027. Water, HVAC, demising walls, and a bathroom are included with the lease.
The space is scheduled to be available in February 2027. Water, HVAC, demising walls, and a bathroom are included with the lease.
Key Highlights
- 4,506 square feet with a layout suited to two tenants
- Four showrooms, plus warehouse and storage areas
- 29‑foot ceilings at the ends and 24‑foot center clearance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,644
Suggested Prices Based on Cap Rates
Cap Rate 5%
$552,880
$552.9K
Cap Rate 7%
$394,914
$394.9K
Cap Rate 9%
$307,156
$307.2K
Market Conditions
NOI Build-Up for 4,506 SF
Gross rent
$41.1K $9.12/SF
− Vacancy
−$1.6K −$0.36/SF
EGI
$39.5K $8.76/SF
− OpEx
−$11.8K −$2.63/SF
NOI
$27.6K $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%
$552,880
Cap Rate 7%
$394,914
Cap Rate 9%
$307,156
Alternative Uses
Best Use
Retail
$918.8K
$803.9K – $1.07M
NOI $64,315 @ 7.0% cap · market cap 713.66%
Second Best
Warehouse
$474.7K
$415.4K – $553.8K
NOI $33,230 @ 7.0% cap · market cap 368.73%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,650 @ 7.0% cap · market cap 950.40%
Zoning and permitted uses should be independently verified with authorities.
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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
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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 configuration combines office, display, and storage areas with overhead doors on both sides.
Where is this flex space located?
The property is located at 1201 E Jasmine Avenue Unit 3 McAllen, TX.
What are key features of this property?
This property features: 4,506 square feet with a layout suited to two tenants; Four showrooms, plus warehouse and storage areas; 29‑foot ceilings at the ends and 24‑foot center clearance
