High-Traffic Retail Space
6424 N 10th Street McAllen, TX 78504
For Sale
$2,300,000
Free-standing 6,791 SF commercial building in high-traffic area.
Property Size6,791 SF
Lot Size0.88 Acres
Price / SF$338.68
Days on Market141
Property Features for 6424 N 10th Street
General Information
- Standard status
- Active
- Size
- 6,791 SF
- Lot size
- 0.88 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2005
Listing Agency:
Coldwell Banker Commercial Rio Grande Valley
(956) 451-2983
Listed By:
Daniel Galvan · License #561680
(956) 451-2983
Source:
Cbcworldwide
Added: Mar 5
Changed: Jul 6
Last Checked: Apr 9 at 9:00PM
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 Coldwell Banker Commercial Rio Grande Valley
Investment Insights
Based on property information with market context.
This free-standing building provides 6,791 square feet of commercial space. The property is located in a high-traffic area on 10th Street, offering visibility and accessibility. Situated in a central hub for dining, shopping, and entertainment, the property is near major national retailers such as Target, Sam's Club, and Best Buy. The property is positioned on a 0.88 acre lot.
Key Highlights
- High‑traffic location on 10th Street with excellent visibility and easy access.
- Spacious 6,791 SF of prime commercial space.
- Positioned in a central hub for dining, shopping, and entertainment.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $146.7k | $21.60 |
| − Vacancy | −$8.2k | −$1.21 |
| EGI | $138.5k | $20.39 |
| − OpEx | −$41.5k | −$6.12 |
| NOI | $96.9k | $14.27 |
6,791 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.38M
$1.21M – $1.62M
NOI $96,930 @ 7.0% cap · market cap 4.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $129,083 @ 7.0% cap · market cap 5.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Advance Auto Parts
Auto Parts Store
UPS Access Point ...
Courier Service
FAQs
What type of property is this?
Retail space - Free-standing 6,791 SF commercial building in high-traffic area.
Where is this retail space located?
The property is located at 6424 N 10th Street McAllen, TX.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: High‑traffic location on 10th Street with excellent visibility and easy access.; Spacious 6,791 SF of prime commercial space.; Positioned in a central hub for dining, shopping, and entertainment.
