Divisible Retail
New
For Sale
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1617 N 10th Street, McAllen, TX 78501
The space can be configured as two separate suites for commercial occupancy.
Property Size4,000 SF
Price / SF$1.00
Days on Market2
Property Features for 1617 N 10th Street
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Commercial
Building Details
Year Built
1977
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Changed: Nov 2
Last Checked: Nov 1 at 3:30PM
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
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Investment Insights
Based on property information with market context.
This 4,000-square-foot retail space was built in 1977 and can be divided into two 2,000-square-foot spaces. Its prior use was as a thrift store. The property is at 1617 N 10th Street in McAllen, Texas.
Key Highlights
- 4,000‑square‑foot retail space
- Can be divided into two 2,000‑square‑foot spaces
- Built in 1977
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,093
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,141,860
$1.1M
Cap Rate 7%
$815,614
$815.6K
Cap Rate 9%
$634,367
$634.4K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$86.4K $21.60/SF
− Vacancy
−$4.8K −$1.21/SF
EGI
$81.6K $20.39/SF
− OpEx
−$24.5K −$6.12/SF
NOI
$57.1K $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%
$1,141,860
Cap Rate 7%
$815,614
Cap Rate 9%
$634,367
Alternative Uses
Best Use
Retail
$815.6K
$713.7K – $951.6K
NOI $57,093 @ 7.0% cap · market cap 1,427.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.09M
$950.4K – $1.27M
NOI $76,032 @ 7.0% cap · market cap 1,900.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,591
Businesses Nearby
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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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - The space can be configured as two separate suites for commercial occupancy.
Where is this retail space located?
The property is located at 1617 N 10th Street McAllen, TX.
What are key features of this property?
This property features: 4,000‑square‑foot retail space; Can be divided into two 2,000‑square‑foot spaces; Built in 1977
