Warehouse with Office
New
For Sale
Contact for pricing
1821 S Bicentennial Boulevard, McAllen, TX 78503
An integrated administrative area and fire sprinkler system are part of the facility.
Property Size25,419 SF
Price / SF$0.87
Days on Market2
Property Features for 1821 S Bicentennial Boulevard
General Information
Standard status
Active
Size
25,419 SF
Property subtype
Commercial
Warehouse & Industrial
Office Build-Out
1,903 SF
Sprinkler System
Yes
Additional Details
Highway Access
Yes
Property Use
Warehouse
Building Details
Year Built
2007
Building Size
25,419 SF
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 3:42PM
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.
The 25,419-square-foot warehouse includes approximately 1,903 square feet of office space. A fire sprinkler system is installed, and the building dates to 2007.
The property has immediate access to Interstate 2 (I-2). McAllen International Airport and the planned Boeye Reservoir development are minutes away.
The property has immediate access to Interstate 2 (I-2). McAllen International Airport and the planned Boeye Reservoir development are minutes away.
Key Highlights
- 25,419‑square‑foot warehouse with approximately 1,903 square feet of office space
- Fire sprinkler system installed
- Built in 2007
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$155,946
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,118,920
$3.1M
Cap Rate 7%
$2,227,800
$2.2M
Cap Rate 9%
$1,732,733
$1.7M
Market Conditions
NOI Build-Up for 25,419 SF
Gross rent
$231.8K $9.12/SF
− Vacancy
−$9.0K −$0.36/SF
EGI
$222.8K $8.76/SF
− OpEx
−$66.8K −$2.63/SF
NOI
$155.9K $6.14/SF
Area
McAllen, TX
Vacancy
3.90%
Lease Rate
$9.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,118,920
Cap Rate 7%
$2,227,800
Cap Rate 9%
$1,732,733
Alternative Uses
Best Use
Warehouse
$2.68M
$2.34M – $3.12M
NOI $187,455 @ 7.0% cap · market cap 852.07%
Second Best
Industrial
$2.23M
$1.95M – $2.60M
NOI $155,946 @ 7.0% cap · market cap 708.85%
Theoretical Best
Office A
$6.90M
$6.04M – $8.05M
NOI $483,164 @ 7.0% cap · market cap 2,196.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,341
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78503, TX
23,604
Population
8,090
Households
2.9
Avg Household Size
35
Median Age
25%
College-Educated
71%
High-School Grad
19.2 sq mi
ZIP Area
1,229
Density / Sq Mi
$48,765
Median Household Income
$27,514
Median Earnings
$1,087
Median Rent
$130,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Security Self Storage — 1821 S Bicentennial Blvd, McAllen, TX 78503
- La Plaza Storage Solutions — 1821 S Bicentennial Blvd, McAllen, TX 78503
Frequently Asked Questions
What type of property is this?
Warehouse - An integrated administrative area and fire sprinkler system are part of the facility.
Where is this warehouse located?
The property is located at 1821 S Bicentennial Boulevard McAllen, TX.
What are key features of this property?
This property features: 25,419‑square‑foot warehouse with approximately 1,903 square feet of office space; Fire sprinkler system installed; Built in 2007
