Retail Space with Additional
2014 W Nolana Avenue, McAllen, TX 78504
For Sale
$399,000
Commercial Sale, McAllen, TX
Property Size1,900 SF
Lot Size0.19 Acres
Price / SF$210
Days on Market140
Property Features for 2014 W Nolana Avenue
General Information
Property type
Property subtype
Parking
Appliances
Subdivision
Lot features
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Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Building materials
Roof type
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Robert Kirby · License #0687948
(956) 279-8829
Added: Jun 23
Changed: Nov 7
Last Checked: Nov 9 at 4:06AM
MLS# 487480
Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
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This 1,900-square-foot retail property was configured for salon use and includes an open customer area, reception desk, break room, bathroom, storage room, and a second sitting area that could serve as office space. Three additional suites were previously used as rentals, providing separate rooms within the existing layout. The building features high ceilings, 8-foot doors, block and stucco construction, a flat roof, central heating, and central air conditioning. Built in 1995, the property also includes on-site parking and a grassed area at the rear that may support an addition subject to city permission.
The property is located at 2014 W Nolana Avenue in McAllen, Texas, near the McAllen Museum, Walmart, Frost Bank, and the McAllen Library. Its 0.1928-acre site supports the existing commercial building and rear outdoor area.
The property is located at 2014 W Nolana Avenue in McAllen, Texas, near the McAllen Museum, Walmart, Frost Bank, and the McAllen Library. Its 0.1928-acre site supports the existing commercial building and rear outdoor area.
Key Highlights
- 1,900 square feet of retail space on a 0.1928‑acre site
- Open layout with reception, break room, bathroom, storage, and second sitting area
- Three additional suites were previously used as rentals
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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Location Intelligence
Trade Area within ½ mile
1,490
Businesses Nearby
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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
$203,900
Median Home Value
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Market
Average Price Trend$/SF for Retail space in McAllen, TX
Properties on Market for Retail space in McAllen
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Open-concept retail space with reception, break room, bathroom, storage, and three additional suites.
Where is this retail space 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 feet of retail space on a 0.1928‑acre site; Open layout with reception, break room, bathroom, storage, and second sitting area; Three additional suites were previously used as rentals
