Retail Space Opposite La Plaza
New
For Sale
Contact for pricing
2019 S 10th Street, McAllen, TX 78503
The suite is part of a center with Verizon Wireless and Tamayo’s Fábrica de Oro as existing tenants.
Property Size21,500 SF
Price / SF$0.50
Days on Market2
Property Features for 2019 S 10th Street
General Information
Standard status
Active
Size
21,500 SF
Property subtype
Commercial
Building Details
Year Built
1982
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 2:59PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A retail suite of approximately 4,300 square feet is available within a 21,500-square-foot center built in 1982. Verizon Wireless anchors the center, with Tamayo’s Fábrica de Oro also on site.
At 2019 S 10th Street in McAllen, the property is directly across from La Plaza Mall and minutes from McAllen International Airport. Hotels, restaurants, and residential neighborhoods are among the surrounding uses.
At 2019 S 10th Street in McAllen, the property is directly across from La Plaza Mall and minutes from McAllen International Airport. Hotels, restaurants, and residential neighborhoods are among the surrounding uses.
Key Highlights
- Approximately 4,300 SF of retail space within a 21,500 SF center
- Directly across from La Plaza Mall
- Verizon Wireless and Tamayo’s Fábrica de Oro are in the center
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 2,854.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.84M
$5.11M – $6.81M
NOI $408,672 @ 7.0% cap · market cap 3,801.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
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
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - The suite is part of a center with Verizon Wireless and Tamayo’s Fábrica de Oro as existing tenants.
Where is this retail space located?
The property is located at 2019 S 10th Street McAllen, TX.
What are key features of this property?
This property features: Approximately 4,300 SF of retail space within a 21,500 SF center; Directly across from La Plaza Mall; Verizon Wireless and Tamayo’s Fábrica de Oro are in the center
