Flexible Retail
New
For Sale
Contact for pricing
1301 B N Main Street, McAllen, TX 78501
The suite can accommodate retail, service, or office uses and carries gross-lease terms without common-area expense pass-throughs.
Property Size1,080 SF
Price / SF$1.50
Days on Market2
Property Features for 1301 B N Main Street
General Information
Standard status
Active
Size
1,080 SF
Property subtype
Commercial
Building Details
Year Built
1975
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 4:05PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,080-square-foot retail suite was built in 1975 and is presented for retail, service, or office use. Its layout can also support a dance or yoga studio configuration.
The property is on the northern edge of McAllen’s Art District, near the downtown entertainment district and nearby restaurants. La Plaza mall and the airport are described as minutes away. The lease structure is gross, with no common-area expenses or pass-throughs.
The property is on the northern edge of McAllen’s Art District, near the downtown entertainment district and nearby restaurants. La Plaza mall and the airport are described as minutes away. The lease structure is gross, with no common-area expenses or pass-throughs.
Key Highlights
- 1,080‑square‑foot suite
- Built in 1975
- Retail, service, and office use potential; can be set up for dance or yoga
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,415
Suggested Prices Based on Cap Rates
Cap Rate 5%
$308,300
$308.3K
Cap Rate 7%
$220,214
$220.2K
Cap Rate 9%
$171,278
$171.3K
Market Conditions
NOI Build-Up for 1,080 SF
Gross rent
$23.3K $21.60/SF
− Vacancy
−$1.3K −$1.21/SF
EGI
$22.0K $20.39/SF
− OpEx
−$6.6K −$6.12/SF
NOI
$15.4K $14.27/SF
Area
McAllen, TX
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$308,300
Cap Rate 7%
$220,214
Cap Rate 9%
$171,278
Alternative Uses
Best Use
Retail
$220.2K
$192.7K – $256.9K
NOI $15,415 @ 7.0% cap · market cap 951.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$293.3K
$256.6K – $342.2K
NOI $20,529 @ 7.0% cap · market cap 1,267.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,691
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - The suite can accommodate retail, service, or office uses and carries gross-lease terms without common-area expense pass-throughs.
Where is this retail space located?
The property is located at 1301 B N Main Street McAllen, TX.
What are key features of this property?
This property features: 1,080‑square‑foot suite; Built in 1975; Retail, service, and office use potential; can be set up for dance or yoga
