Retail Space in Anchored
New
For Sale
Contact for pricing
2017 S 10th Street, McAllen, TX 78503
The available suite is within a center anchored by Verizon Wireless and occupied by two additional named retailers.
Property Size21,500 SF
Price / SF$0.35
Days on Market2
Property Features for 2017 S 10th Street
General Information
Standard status
Active
Size
21,500 SF
Property subtype
Commercial
Building Details
Year Built
1982
Building Size
21,500 SF
Tenancy
Multi
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 3:18PM
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 SANETI REALTY GROUP
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Investment Insights
Based on property information with market context.
A retail suite of approximately 3,000 SF is available within a 21,500 SF retail center at 2017 S 10th Street in McAllen. The center was built in 1982 and is anchored by Verizon Wireless, with Liquor 101 and Tamayo’s Fábrica de Oro also identified as tenants.
The property is directly across from La Plaza Mall and minutes from McAllen International Airport.
The property is directly across from La Plaza Mall and minutes from McAllen International Airport.
Key Highlights
- Approximately 3,000 SF of retail space available
- Located within a 21,500 SF retail center
- Center anchored by Verizon Wireless, with Liquor 101 and Tamayo’s Fábrica de Oro
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$306,876
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,137,520
$6.1M
Cap Rate 7%
$4,383,943
$4.4M
Cap Rate 9%
$3,409,733
$3.4M
Market Conditions
NOI Build-Up for 21,500 SF
Gross rent
$464.4K $21.60/SF
− Vacancy
−$26.0K −$1.21/SF
EGI
$438.4K $20.39/SF
− OpEx
−$131.5K −$6.12/SF
NOI
$306.9K $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%
$6,137,520
Cap Rate 7%
$4,383,943
Cap Rate 9%
$3,409,733
Alternative Uses
Best Use
Retail
$4.38M
$3.84M – $5.11M
NOI $306,876 @ 7.0% cap · market cap 4,091.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.84M
$5.11M – $6.81M
NOI $408,672 @ 7.0% cap · market cap 5,448.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,622
Businesses Nearby
Explore this area
Business Placement
Demographics for 78503, TX
23,604
Population
8,090
Households
2.9
Avg Household Size
35
Median Age
25%
College-Educated
71%
High-School Grad
19.2 sq mi
ZIP Area
1,229
Density / Sq Mi
$48,765
Median Household Income
$27,514
Median Earnings
$1,087
Median Rent
$130,100
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - The available suite is within a center anchored by Verizon Wireless and occupied by two additional named retailers.
Where is this retail space located?
The property is located at 2017 S 10th Street McAllen, TX.
What are key features of this property?
This property features: Approximately 3,000 SF of retail space available; Located within a 21,500 SF retail center; Center anchored by Verizon Wireless, with Liquor 101 and Tamayo’s Fábrica de Oro
