Multi-Office Professional
New
For Sale
Contact for pricing
2001 W Nolana Avenue, McAllen, TX 78504
The layout includes private offices, a conference room, a kitchenette, and three bathrooms.
Property Size8,100 SF
Price / SF$0.81
Days on Market2
Property Features for 2001 W Nolana Avenue
General Information
Standard status
Active
Size
8,100 SF
Property subtype
Commercial
Building Details
Year Built
2001
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 3:13PM
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.
Configured for professional office use, the property contains 15 private offices, including two principal offices, one of which currently serves as a conference room. Three bathrooms and a kitchenette round out the interior layout. The building dates to 2001.
At the corner of Bicentennial Boulevard and Nolana Avenue in McAllen, the property has parking and access to nearby commercial corridors, restaurants, and retail centers. A purchase option also includes the adjoining 2003 Nolana property; that space is leased through 2028.
At the corner of Bicentennial Boulevard and Nolana Avenue in McAllen, the property has parking and access to nearby commercial corridors, restaurants, and retail centers. A purchase option also includes the adjoining 2003 Nolana property; that space is leased through 2028.
Key Highlights
- 15 private offices, including two principal offices; one currently functions as a conference room
- Three bathrooms and a kitchenette
- Located at the Bicentennial Boulevard and Nolana Avenue corner in McAllen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,439
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,168,780
$2.2M
Cap Rate 7%
$1,549,129
$1.5M
Cap Rate 9%
$1,204,878
$1.2M
Market Conditions
NOI Build-Up for 8,100 SF
Gross rent
$170.1K $21.00/SF
− Vacancy
−$25.5K −$3.15/SF
EGI
$144.6K $17.85/SF
− OpEx
−$36.1K −$4.46/SF
NOI
$108.4K $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%
$2,168,780
Cap Rate 7%
$1,549,129
Cap Rate 9%
$1,204,878
Alternative Uses
Best Use
Office B
$1.55M
$1.36M – $1.81M
NOI $108,439 @ 7.0% cap · market cap 1,643.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.20M
$1.92M – $2.57M
NOI $153,965 @ 7.0% cap · market cap 2,332.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,600
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
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The layout includes private offices, a conference room, a kitchenette, and three bathrooms.
Where is this office unit located?
The property is located at 2001 W Nolana Avenue McAllen, TX.
What are key features of this property?
This property features: 15 private offices, including two principal offices; one currently functions as a conference room; Three bathrooms and a kitchenette; Located at the Bicentennial Boulevard and Nolana Avenue corner in McAllen
