Salon Storefront with Rental
2014 W Nolana Avenue, McAllen, TX 78504
For Sale
New
$399,000
Salon layout includes reception, a break room, restroom, storage, and additional suites previously used for rentals.
Property Size1,900 SF
Price / SF$210
Days on Market4
Property Features for 2014 W Nolana Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
high ceilings
8-foot doors
open concept
reception area
storage room
break room
bathroom
second sitting area
three extra suites
grassed area
Building Details
Building Size
Year Built
Stories
Tenancy
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Robert Kirby · License #0687948
(956) 279-8829
Source:
Dolcevitargv
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 8 at 5:05PM
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
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Investment Insights
Based on property information with market context.
This 1,900-square-foot storefront was built in 1995 and is configured as a salon, with an open main area, reception desk, break room, restroom, and storage room. Three additional suites were previously used as rentals. A separate sitting area offers another defined space, while the storage room could be converted to an additional bathroom. The building also features high ceilings and 8-foot doors.
The property is at 2014 W Nolana Avenue in McAllen, near the McAllen Museum, Walmart, Frost Bank, and the McAllen Library. Parking is available, and a grassed area behind the building may allow for an addition with city permission.
The property is at 2014 W Nolana Avenue in McAllen, near the McAllen Museum, Walmart, Frost Bank, and the McAllen Library. Parking is available, and a grassed area behind the building may allow for an addition with city permission.
Key Highlights
- 1,900‑square‑foot storefront built in 1995
- Three additional suites previously used as rentals
- High ceilings and 8‑foot doors throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,119
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$542,380
$542.4K
Cap Rate 7%
$387,414
$387.4K
Cap Rate 9%
$301,322
$301.3K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$41.0K $21.60/SF
− Vacancy
−$2.3K −$1.21/SF
EGI
$38.7K $20.39/SF
− OpEx
−$11.6K −$6.12/SF
NOI
$27.1K $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%
$542,380
Cap Rate 7%
$387,414
Cap Rate 9%
$301,322
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 authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,490
Businesses Nearby
Under-served
Demand for This Use
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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
$203,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in McAllen, TX
Properties on Market for Storefront properties in McAllen
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Southern Roots Flower Market — 4400 n 23rd st #119, mcallen, tx 78504
- Blossom Atelier Inc. — 5221 N 10th St #150, McAllen, TX 78504
Frequently Asked Questions
What type of property is this?
Storefront property - Salon layout includes reception, a break room, restroom, storage, and additional suites previously used for rentals.
Where is this storefront property located?
The property is located at 2014 W Nolana Avenue 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: 1,900‑square‑foot storefront built in 1995; Three additional suites previously used as rentals; High ceilings and 8‑foot doors throughout
