Turnkey Salon Storefront with 8-Foot
For Sale
$399,000
2014 W Nolana Avenue, McAllen, TX 78504
COMMERCIAL - McAllen, TX
Property Size1,900 SF
Lot Size0.19 Acres
Price / SF$210
Days on Market48
Property Features for 2014 W Nolana Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
15
Appliances
Electric Water Heater
Subdivision
Mejia #1
Lot features
Medical Complex, Office Complex
Directions
From Ware rd travel east on Nolana Ave. property will be on the left hand side.
Standard status
Active
APN
M325301000000800
Size
1,900 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2818
Utilities
Heating system
Central
Cooling system
Central Air
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
Year built
1995
Floors in Building
1
Building materials
Block, Stucco
Roof type
Flat
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Robert Kirby · License #TREC#687948
(956) 279-8829
Added: Jun 23
Changed: Aug 4
Last Checked: Aug 9 at 1:06PM
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.
Investment Insights
Based on property information with market context.
Turnkey salon storefront at 2014 W Nolana Avenue with an open-concept layout and high ceilings throughout. Interior features include a reception area with a desk, a storage room that can be converted to an extra bathroom, a break room, a bathroom, and a second sitting area that can be used as an office. The property also includes three additional suites that were being used as rentals, supporting flexible tenant or suite configurations. Built in 1995 with block and stucco construction and a flat roof, the space is served by central heating and central air, with an electric water heater.
Set on a 0.1928-acre lot with plenty of parking and no HAO fees. There is a grassed area in the back that may be expanded with city permission. The location is close to local pillars including McAllen Museum, Walmart, Frost Bank, and The McAllen Library.
This property is presented as a ready-to-operate salon with additional suite space that can support multiple uses or rental income within the same storefront setting.
Set on a 0.1928-acre lot with plenty of parking and no HAO fees. There is a grassed area in the back that may be expanded with city permission. The location is close to local pillars including McAllen Museum, Walmart, Frost Bank, and The McAllen Library.
This property is presented as a ready-to-operate salon with additional suite space that can support multiple uses or rental income within the same storefront setting.
Key Highlights
- 0.1928‑acre lot for the turnkey salon storefront at 2014 W Nolana Avenue
- 1,900 SF salon layout with open concept reception and desk
- 8‑foot doors and high ceilings throughout the salon
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,119
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
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.
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Frequently Asked Questions
What type of property is this?
Storefront property - Turnkey salon storefront with an open layout, reception and multiple suites, plus 8-foot doors and central HVAC.
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: 0.1928‑acre lot for the turnkey salon storefront at 2014 W Nolana Avenue; 1,900 SF salon layout with open concept reception and desk; 8‑foot doors and high ceilings throughout the salon
