Turnkey Retail Salon
For Sale
$399,000
2014 W Nolana Ave, McAllen, TX 78504
Turnkey retail salon with open-concept reception, multiple rooms, and 8-foot doors throughout.
Property Size1,900 SF
Price / SF$210
Days on Market15
Property Features for 2014 W Nolana Ave
General Information
Standard status
Active
Size
1,900 SF
Building Details
Year Built
1995
Listing Agency:
Keller Williams Realty RGV
(956) 279-8829
Listed By:
Robert Kirby · License #TREC#687948
Source:
Aregtx
Added: Jul 21
Changed: Jul 22
Last Checked: Aug 3 at 8:59AM
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 Keller Williams Realty RGV
Investment Insights
Based on property information with market context.
Turnkey salon space ready for a new owner, built with high ceilings throughout and 8-foot doors. The interior features an open concept with a reception area and desk, along with a storage room that can be converted to an additional bathroom. Additional improvements include a break room, bathroom, and a second sitting area that can be used as an office. The property was also configured with three extra suites that were previously used as rentals, and the layout offers flexibility to grow and customize available spaces.
Located at 2014 W Nolana Ave in McAllen in a high-traffic area, the property includes plenty of parking and has no HAO fees. There is a grassed area in the back where an addition may be possible with city permission. The location is close to key local amenities including the McAllen Museum, Walmart, Frost Bank, and the McAllen Library.
Located at 2014 W Nolana Ave in McAllen in a high-traffic area, the property includes plenty of parking and has no HAO fees. There is a grassed area in the back where an addition may be possible with city permission. The location is close to key local amenities including the McAllen Museum, Walmart, Frost Bank, and the McAllen Library.
Key Highlights
- Turnkey retail salon built in 1995 with high ceilings throughout and 8‑foot doors
- Open‑concept reception area with desk, plus multiple rooms including a break room and bathroom
- Storage room can be converted to an extra bathroom; additional sitting area can be used as an office
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 | $41.0k | $21.60 |
| − Vacancy | −$2.3k | −$1.21 |
| EGI | $38.7k | $20.39 |
| − OpEx | −$11.6k | −$6.12 |
| NOI | $27.1k | $14.27 |
1,900 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$387.4K
$339.0K – $452.0K
NOI $27,119 @ 7.0% cap · market cap 6.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$515.9K
$451.4K – $601.9K
NOI $36,115 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,758
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78504, TX
56,830
Population
21,417
Households
2.7
Avg Household Size
35
Median Age
40%
College-Educated
86%
High-School Grad
19.6 sq mi
ZIP Area
2,899
Density / Sq Mi
$77,627
Median Household Income
$41,632
Median Earnings
$1,178
Median Rent
$203,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Blossom Atelier Inc. — 5221 N 10th St #150, McAllen, TX 78504
- Southern Roots Flower Market — 4400 n 23rd st #119, mcallen, tx 78504
Frequently Asked Questions
What type of property is this?
Storefront property - Turnkey retail salon with open-concept reception, multiple rooms, and 8-foot doors throughout.
Where is this storefront property located?
The property is located at 2014 W Nolana Ave McAllen, TX.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Turnkey retail salon built in 1995 with high ceilings throughout and 8‑foot doors; Open‑concept reception area with desk, plus multiple rooms including a break room and bathroom; Storage room can be converted to an extra bathroom; additional sitting area can be used as an office
