Turnkey Salon Retail
For Sale
$399,000
2014 W Nolana Avenue McAllen, McAllen, TX 78504
Turnkey salon space with high ceilings, 8-foot doors, open layout, multiple rooms, and added-rental suite configuration.
Property Size1,900 SF
Days on Market9
Property Features for 2014 W Nolana Avenue McAllen
General Information
Standard status
Active
Size
1,900 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$2,818
Building Details
Building Size
1,900 SF
Year Built
1995
Listing Agency:
Keller Williams Realty RGV
(956) 279-8829
Listed By:
Robert Kirby · License #TREC#687948
Source:
Primeluxuryrealestate
Added: Jul 27
Changed: Jul 28
Last Checked: Jul 28 at 7:53PM
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 ready for a new owner, built with high ceilings throughout and 8-foot doors. The interior offers an open concept with a reception area and desk, plus a storage room that can be converted to an additional bathroom. Additional improvements include a break room, bathroom, and a second sitting area that could be used as an office.
The property also includes three extra suites that were being used as rentals. Plenty of parking is available, and there are no HAO fees. A grassed area in the back provides room for potential expansion with city permission.
Located in a high-traffic area of McAllen, the property is close to several local pillars, including McAllen Museum, Walmart, Frost Bank, and the McAllen Library.
The property also includes three extra suites that were being used as rentals. Plenty of parking is available, and there are no HAO fees. A grassed area in the back provides room for potential expansion with city permission.
Located in a high-traffic area of McAllen, the property is close to several local pillars, including McAllen Museum, Walmart, Frost Bank, and the McAllen Library.
Key Highlights
- Turnkey salon built in 1995 with high ceilings and 8‑foot doors throughout
- Open‑concept reception area with desk, plus storage room that can be converted to an extra bathroom
- Includes break room, bathroom, and a second sitting area that can be used as an office
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 authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,758
Businesses Nearby
Under-served
Demand for This Use
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
Frequently Asked Questions
What type of property is this?
Storefront property - Turnkey salon space with high ceilings, 8-foot doors, open layout, multiple rooms, and added-rental suite configuration.
Where is this storefront property located?
The property is located at 2014 W Nolana Avenue McAllen 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 salon built in 1995 with high ceilings and 8‑foot doors throughout; Open‑concept reception area with desk, plus storage room that can be converted to an extra bathroom; Includes break room, bathroom, and a second sitting area that can be used as an office
