Multi-Office
New
For Sale
Contact for pricing
2006 N 10th Street Unit 1, McAllen, TX 78501
Private offices, conference rooms, and a cubicle area provide a varied workspace configuration.
Property Size4,450 SF
Price / SF$1.79
Days on Market2
Property Features for 2006 N 10th Street Unit 1
General Information
Standard status
Active
Size
4,450 SF
Property subtype
Commercial
Additional Details
Road Access
Yes
Property Use
Office
Building Details
Year Built
1990
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 3:34PM
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 4,450-square-foot office suite was built in 1990 and contains multiple private offices, conference rooms, and a dedicated cubicle area. Modern interior finishes complete the workspace configuration.
Located at 2006 N 10th Street in McAllen, the property has on-site parking and sits along N. 10th Street. Surrounding uses include residential neighborhoods, retail centers, and local businesses.
Located at 2006 N 10th Street in McAllen, the property has on-site parking and sits along N. 10th Street. Surrounding uses include residential neighborhoods, retail centers, and local businesses.
Key Highlights
- 4,450‑square‑foot office suite
- Multiple private offices and conference rooms
- Dedicated cubicle area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,574
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,191,480
$1.2M
Cap Rate 7%
$851,057
$851.1K
Cap Rate 9%
$661,933
$661.9K
Market Conditions
NOI Build-Up for 4,450 SF
Gross rent
$93.5K $21.00/SF
− Vacancy
−$14.0K −$3.15/SF
EGI
$79.4K $17.85/SF
− OpEx
−$19.9K −$4.46/SF
NOI
$59.6K $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%
$1,191,480
Cap Rate 7%
$851,057
Cap Rate 9%
$661,933
Alternative Uses
Best Use
Office B
$851.1K
$744.7K – $992.9K
NOI $59,574 @ 7.0% cap · market cap 749.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,586 @ 7.0% cap · market cap 1,063.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,425
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
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Private offices, conference rooms, and a cubicle area provide a varied workspace configuration.
Where is this office unit located?
The property is located at 2006 N 10th Street Unit 1 McAllen, TX.
What are key features of this property?
This property features: 4,450‑square‑foot office suite; Multiple private offices and conference rooms; Dedicated cubicle area
