Downtown Retail Building with Office
For Sale
$440,000
806 S 16 1/2 St, McAllen, TX 78501
Retail building includes a flower shop space with workspace and storage, plus a separate unit suited for office or boutique retail.
Property Size2,790 SF
Price / SF$157.71
Days on Market11
Property Features for 806 S 16 1/2 St
General Information
Standard status
Active
Size
2,790 SF
Additional Details
Business Included
Yes
Building Details
Year Built
2009
Listing Agency:
Keller Williams Realty RGV
(956) 566-8377
Listed By:
Maggie Harris · License #0530155
Source:
Aregtx
Added: Jul 25
Changed: Jul 27
Last Checked: Jul 27 at 12:35AM
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.
This downtown retail building is currently occupied by a flower shop and includes a main space with a retail display area, functional workspace, and dedicated storage. The property also includes a separate unit that is available for lease and can support office use, boutique retail, or service-oriented businesses.
The building is located on S 16 1/2 St in McAllen, TX, in a high-visibility downtown setting. It offers both in-place retail operations and the ability to add tenant income through the additional leased unit.
For buyers evaluating an owner-user or investment approach, the layout supports flexible use across the primary retail space and the secondary unit, providing straightforward options within one building.
The building is located on S 16 1/2 St in McAllen, TX, in a high-visibility downtown setting. It offers both in-place retail operations and the ability to add tenant income through the additional leased unit.
For buyers evaluating an owner-user or investment approach, the layout supports flexible use across the primary retail space and the secondary unit, providing straightforward options within one building.
Key Highlights
- Commercial building built in 2009 in downtown McAllen
- Flower shop main space with retail display area, workspace, and dedicated storage
- Separate unit available for lease for supplemental rental income
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 |
2,790 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$568.9K
$497.8K – $663.7K
NOI $39,822 @ 7.0% cap · market cap 9.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$757.6K
$662.9K – $883.9K
NOI $53,032 @ 7.0% cap · market cap 12.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,365
Businesses Nearby
Well-served
Demand for This Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Juanita's Flowers-All Occasion — 800 S 16 1/2 St, McAllen, TX 78501
- Fruitful Creations & Spirit — 800 S 16 1/2 St, McAllen, TX 78501
- House of Bloom Floristry — 1111 S 10th St Suite A, McAllen, TX 78501
- XOXO Flowers and Decor — 2000 s 10th st, mcallen, tx 78503
- Eleganza Floral Deco — inside palazzio bridal, 500 w expy 83, mcallen, tx 78501
Frequently Asked Questions
What type of property is this?
Storefront property - Retail building includes a flower shop space with workspace and storage, plus a separate unit suited for office or boutique retail.
Where is this storefront property located?
The property is located at 806 S 16 1/2 St McAllen, TX.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Commercial building built in 2009 in downtown McAllen; Flower shop main space with retail display area, workspace, and dedicated storage; Separate unit available for lease for supplemental rental income
