Vacant Industrial Warehouse
1300 E Upas Ave McAllen, TX 78501
1300 E Upas Ave, McAllen, TX, 78501
$2,210,000
For Sale
$2,210,000
Vacant two-building industrial property with climate-controlled space, high clear heights, and multiple dock-high and drive-in doors.
Property Size26,000 SF
Price / SF$85
Days on Market25
Property Features for 1300 E Upas Ave
General Information
- Standard status
- Active
- Size
- 26,000 SF
- Property subtype
- Warehouse
Building Details
- Year Built
- 1995
Listing agency
Marcus & Millichap - Dallas
(210) 343-7817
Listed by
Ernesto Melgar Campos · License #License(s): TX: 788700
(210) 343-7817
Source
Marcusmillichap
Added: Jun 28 Updated: Jul 22 at 12:20AM Checked: Jul 22 at 2:07AM
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 Marcus & Millichap - Dallas
Investment Insights
Based on property information with market context.
Vacant two-building industrial facility totaling 26,000 square feet on 2.51 acres, offered as a move-in-ready option for owner-use or lease-up. The layout includes office space that may support showroom or retail use, alongside 19,000 square feet of climate-controlled warehouse area served by ten HVAC units. Clear heights reach 16 feet and 30 feet. Loading includes two dock-high doors and four drive-in doors, and the property is equipped with three-phase heavy power with 400 amps at 480Y/277 volts. Recent 2024 roof improvements include skylight and seam repairs.
The property is located less than two miles from the Interstate 69 and Interstate 2 interchange, supporting logistics and transportation needs. It is also 16 miles north of the Pharr-Reynosa International Bridge.
A 24 percent floor area ratio provides outdoor storage flexibility, with room for potential expansion or additional development within the existing site parameters.
The property is located less than two miles from the Interstate 69 and Interstate 2 interchange, supporting logistics and transportation needs. It is also 16 miles north of the Pharr-Reynosa International Bridge.
A 24 percent floor area ratio provides outdoor storage flexibility, with room for potential expansion or additional development within the existing site parameters.
Key Highlights
- Vacant two‑building 26,000 SF industrial asset on 2.51 acres, built in 1995
- 19,000 SF climate‑controlled space with 10 HVAC units
- Clear heights include 16’ and 30’ with office space that could be used as showroom or retail
Local Financial Insights For Warehouse
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 | $234.0k | $9.00 |
| − Vacancy | −$8.4k | −$0.32 |
| EGI | $225.6k | $8.68 |
| − OpEx | −$33.8k | −$1.30 |
| NOI | $191.7k | $7.37 |
26,000 SF · lease $9.00/SF/yr · vacancy 3.60% · expense 15.00%
Alternative Uses
Best Use
Retail
$5.30M
$4.64M – $6.19M
NOI $371,105 @ 7.0% cap · market cap 16.79%
Second Best
Office B
$4.97M
$4.35M – $5.80M
NOI $348,075 @ 7.0% cap · market cap 15.75%
Theoretical Best
Office A
$7.06M
$6.18M – $8.24M
NOI $494,208 @ 7.0% cap · market cap 22.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Sweet Dreams Inc
Industrial Manufacturer
Similar For Sale Nearby
Similar Off Market Nearby
- Best Little Warehouse In Texas — 2305 N McColl Rd, McAllen, TX 78501
- Space Self Storage — 1101 E Pecan Blvd, McAllen, TX 78501
- Savlon Storage Facility — 1400 E Jasmine Ave, McAllen, TX 78501
- Nearby Self Storage Units - Pharr TX — 700 W Sioux Rd, Pharr, TX 78577
FAQs
What type of property is this?
Warehouse - Vacant two-building industrial property with climate-controlled space, high clear heights, and multiple dock-high and drive-in doors.
Where is this warehouse located?
The property is located at 1300 E Upas Ave McAllen, TX.
What is the asking price?
The asking price for this property is $2,210,000.
What are key features of this property?
This property features: Vacant two‑building 26,000 SF industrial asset on 2.51 acres, built in 1995; 19,000 SF climate‑controlled space with 10 HVAC units; Clear heights include 16’ and 30’ with office space that could be used as showroom or retail
