Turnkey Retail Salon
2014 W Nolana Ave McAllen, TX 78504
New
2014 W Nolana Ave, McAllen, TX, 78504
$399,000
For Sale
$399,000
Turnkey retail salon with open-concept reception, multiple rooms, and 8-foot doors throughout.
Property Size1,900 SF
Price / SF$210
Days on Market2
Property Features for 2014 W Nolana Ave
General Information
- Standard status
- Active
- Size
- 1,900 SF
Building Details
- Year Built
- 1995
Listing agency
Keller Williams Realty RGV
(956) 279-8829
Listed by
Robert Kirby · License #TREC#687948
Source
Aregtx
Added: Jul 21 Updated: Jul 22 at 1:00PM Checked: Jul 22 at 1:00PM
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 Keller Williams Realty RGV
Investment Insights
Based on property information with market context.
Turnkey salon space ready for a new owner, built with high ceilings throughout and 8-foot doors. The interior features an open concept with a reception area and desk, along with a storage room that can be converted to an additional bathroom. Additional improvements include a break room, bathroom, and a second sitting area that can be used as an office. The property was also configured with three extra suites that were previously used as rentals, and the layout offers flexibility to grow and customize available spaces.
Located at 2014 W Nolana Ave in McAllen in a high-traffic area, the property includes plenty of parking and has no HAO fees. There is a grassed area in the back where an addition may be possible with city permission. The location is close to key local amenities including the McAllen Museum, Walmart, Frost Bank, and the McAllen Library.
Located at 2014 W Nolana Ave in McAllen in a high-traffic area, the property includes plenty of parking and has no HAO fees. There is a grassed area in the back where an addition may be possible with city permission. The location is close to key local amenities including the McAllen Museum, Walmart, Frost Bank, and the McAllen Library.
Key Highlights
- Turnkey retail salon built in 1995 with high ceilings throughout and 8‑foot doors
- Open‑concept reception area with desk, plus multiple rooms including a break room and bathroom
- Storage room can be converted to an extra bathroom; additional sitting area can be used as an office
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.0k | $21.60 |
| − Vacancy | −$2.3k | −$1.21 |
| EGI | $38.7k | $20.39 |
| − OpEx | −$11.6k | −$6.12 |
| NOI | $27.1k | $14.27 |
1,900 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$387.4K
$339.0K – $452.0K
NOI $27,119 @ 7.0% cap · market cap 6.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$515.9K
$451.4K – $601.9K
NOI $36,115 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Imelda's Beauty Shop
Hair Salon
Similar For Sale Nearby
Similar Off Market Nearby
- Blossom Atelier Inc. — 5221 N 10th St #150, McAllen, TX 78504
- Southern Roots Flower Market — 4400 n 23rd st #119, mcallen, tx 78504
FAQs
What type of property is this?
Storefront property - Turnkey retail salon with open-concept reception, multiple rooms, and 8-foot doors throughout.
Where is this storefront property located?
The property is located at 2014 W Nolana Ave McAllen, TX.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Turnkey retail salon built in 1995 with high ceilings throughout and 8‑foot doors; Open‑concept reception area with desk, plus multiple rooms including a break room and bathroom; Storage room can be converted to an extra bathroom; additional sitting area can be used as an office
