Open-Plan Retail
New
For Sale
Contact for pricing
1916 S Main Street, McAllen, TX 78503
The suite includes a second-floor kitchen area and bathroom, with access from US 83 Frontage and Bicentennial Boulevard.
Property Size4,800 SF
Price / SF$1.25
Days on Market2
Property Features for 1916 S Main Street
General Information
Standard status
Active
Size
4,800 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1994
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 3:45PM
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.
This 4,800-square-foot retail suite has an open interior layout, a kitchen area, and a bathroom on the second floor. The building was constructed in 1994.
The property is west of La Plaza Mall and directly across from Macy's. Access is available from US 83 Frontage and Bicentennial Boulevard.
The property is west of La Plaza Mall and directly across from Macy's. Access is available from US 83 Frontage and Bicentennial Boulevard.
Key Highlights
- 4,800‑square‑foot retail suite with an open interior layout
- Kitchen area and bathroom located on the second floor
- West of La Plaza Mall and directly across from Macy's
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,512
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,370,240
$1.4M
Cap Rate 7%
$978,743
$978.7K
Cap Rate 9%
$761,244
$761.2K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$103.7K $21.60/SF
− Vacancy
−$5.8K −$1.21/SF
EGI
$97.9K $20.39/SF
− OpEx
−$29.4K −$6.12/SF
NOI
$68.5K $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%
$1,370,240
Cap Rate 7%
$978,743
Cap Rate 9%
$761,244
Alternative Uses
Best Use
Retail
$978.7K
$856.4K – $1.14M
NOI $68,512 @ 7.0% cap · market cap 1,141.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,238 @ 7.0% cap · market cap 1,520.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,457
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - The suite includes a second-floor kitchen area and bathroom, with access from US 83 Frontage and Bicentennial Boulevard.
Where is this retail space located?
The property is located at 1916 S Main Street McAllen, TX.
What are key features of this property?
This property features: 4,800‑square‑foot retail suite with an open interior layout; Kitchen area and bathroom located on the second floor; West of La Plaza Mall and directly across from Macy's
