Retail
New
For Sale
Contact for pricing
1911 N 23rd Street, McAllen, TX 78501
A flexible interior accommodates either office or retail operations.
Property Size2,400 SF
Price / SF$1.88
Days on Market2
Property Features for 1911 N 23rd Street
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Commercial
Additional Details
Property Use
Office, Retail
Building Details
Year Built
1998
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 4:12PM
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 2,400-square-foot retail building was constructed in 1998. Its adaptable interior can accommodate office or retail use.
At 1911 N 23rd Street in McAllen, the property is near McAllen High School, a municipal park, and area businesses.
At 1911 N 23rd Street in McAllen, the property is near McAllen High School, a municipal park, and area businesses.
Key Highlights
- 2,400‑square‑foot building constructed in 1998
- Interior configuration can support office or retail use
- Near McAllen High School, a municipal park, and area businesses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,256
Suggested Prices Based on Cap Rates
Cap Rate 5%
$685,120
$685.1K
Cap Rate 7%
$489,371
$489.4K
Cap Rate 9%
$380,622
$380.6K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$51.8K $21.60/SF
− Vacancy
−$2.9K −$1.21/SF
EGI
$48.9K $20.39/SF
− OpEx
−$14.7K −$6.12/SF
NOI
$34.3K $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%
$685,120
Cap Rate 7%
$489,371
Cap Rate 9%
$380,622
Alternative Uses
Best Use
Retail
$489.4K
$428.2K – $570.9K
NOI $34,256 @ 7.0% cap · market cap 761.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$651.7K
$570.2K – $760.3K
NOI $45,619 @ 7.0% cap · market cap 1,013.76%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
651
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - A flexible interior accommodates either office or retail operations.
Where is this retail space located?
The property is located at 1911 N 23rd Street McAllen, TX.
What are key features of this property?
This property features: 2,400‑square‑foot building constructed in 1998; Interior configuration can support office or retail use; Near McAllen High School, a municipal park, and area businesses
