Medical Office Units with Adaptable
For Sale
$875,000
1305 E Nolana Avenue # I McAllen Unit H & I, McAllen, TX 78504
Versatile commercial space near medical facilities with quality interior finishes and the option to separate the existing configuration.
Property Size5,520 SF
Price / SF$158.51
Days on Market49
Property Features for 1305 E Nolana Avenue # I McAllen Unit H & I
General Information
Standard status
Active
Size
5,520 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$14,219
Building Details
Building Size
5,520 SF
Year Built
2002
Listing Agency:
Keller Williams Realty RGV
Listed By:
Alma Ruiz · License #0527158
(956) 451-5018
Source:
Primeluxuryrealestate
Added: Sep 11
Changed: Oct 25
Last Checked: Oct 28 at 1:52PM
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
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Investment Insights
Based on property information with market context.
Suites H and I comprise a 5,520-square-foot office property built in 2002, with a layout that can be reconfigured for medical, professional, or other commercial use. The space may also be divided into two separate suites, and the units may be sold individually. Interior features include wood doors, built-in cabinetry, wall sconces, hardwood flooring in select areas, and four sets of restrooms.
The property is positioned near numerous medical facilities and minutes from the expressway in McAllen. Its existing finishes and flexible configuration support a range of office applications while preserving the option for separate suite layouts.
The property is positioned near numerous medical facilities and minutes from the expressway in McAllen. Its existing finishes and flexible configuration support a range of office applications while preserving the option for separate suite layouts.
Key Highlights
- 5,520‑square‑foot office property comprising Suites H and I
- Built in 2002 with a reconfigurable interior layout
- Can be divided into two separate suites
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,899
Cap Rate
8.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,477,980
$1.5M
Cap Rate 7%
$1,055,700
$1.1M
Cap Rate 9%
$821,100
$821.1K
Market Conditions
NOI Build-Up for 5,520 SF
Gross rent
$115.9K $21.00/SF
− Vacancy
−$17.4K −$3.15/SF
EGI
$98.5K $17.85/SF
− OpEx
−$24.6K −$4.46/SF
NOI
$73.9K $13.39/SF
Area
McAllen, TX
Vacancy
15.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,477,980
Cap Rate 7%
$1,055,700
Cap Rate 9%
$821,100
Alternative Uses
Best Use
Office B
$1.06M
$923.7K – $1.23M
NOI $73,899 @ 7.0% cap · market cap 8.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $104,924 @ 7.0% cap · market cap 11.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,184
Businesses Nearby
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Versatile commercial space near medical facilities with quality interior finishes and the option to separate the existing configuration.
Where is this office unit located?
The property is located at 1305 E Nolana Avenue # I McAllen Unit H & I McAllen, TX.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 5,520‑square‑foot office property comprising Suites H and I; Built in 2002 with a reconfigurable interior layout; Can be divided into two separate suites
