809 N Ware Road McAllen, McAllen, TX 78501
Turnkey laundromat with 24 washers, 28 dryers, plus four on-site office rentals near Ware Rd and Pecan.
- Added:
- Jun 22, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 23 at 2:57 am
Property Features for 809 N Ware Road McAllen
General Information
- Standard status
- Active
- Size
- 2,790 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1998
Listing agent Alejandra E. Cobos
Listing office Cobos Real Estate Services LLC
Listing date Jun 22, 2026
Source Primeluxuryrealestate
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 Cobos Real Estate Services LLC
HighLights
- Established laundromat built in 1998 with 2,790 SF and 16 on‑site parking spaces
- Includes 24 commercial washers and 28 dryers (most under warranty), with coin changers and vending machines
- Generates $75,000 in annual income from laundry operations
- Four on‑site rental offices for supplemental income: one leased and three vacant
- Located off Ware Rd and Pecan in a high‑traffic area
Overview
The site provides approximately 16 parking spaces and is positioned off Ware Rd and Pecan in a higher-traffic area. The offering is presented as a turnkey investment opportunity, and the listing remarks note low overhead.
For investors or owner-operators, this configuration offers immediate revenue from the laundromat alongside supplemental rental income potential from the office suites. For those not ready to purchase the real estate, the remarks also describe an option to buy the business and lease the space. Overall, the asset’s mixed-income setup and operational readiness are intended to appeal to buyers seeking a hands-on, income-producing operation.
Local 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 | $60.3k | $21.60 |
| − Vacancy | −$3.4k | −$1.21 |
| EGI | $56.9k | $20.39 |
| − OpEx | −$17.1k | −$6.12 |
| NOI | $39.8k | $14.27 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- McAllen
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.260886
- Latitude
- 26.215349
