Retail Property in McAllen,
2108/2112 Nolana Loop, McAllen, TX 78504
- Added:
- Jan 31, 2026
- Days on Market:
- 110
- Last Refresh:
- May 21 at 11:06 pm
Property Features for 2108/2112 Nolana Loop
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 16
- Appliances
- Electric Water Heater
- Standard status
- Active
- APN
- M386700000000200
- Size
- 6,000 SF
- Lot size
- 0.59 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 10059
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Electric, Central Air
Building Details
- Year built
- 2001
- Floors in Building
- 1
- Building materials
- Stucco
- Roof type
- Built-Up
Listing agent Vicki Waters Leggett License #515595 (956) 873-1940
Listing office RE/MAX elite 2575 E Griffin Parkway, Suite 14 Suite 14, Mission, TX (956) 583-2100
Listing date Jan 31, 2026
MLS# 493666
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.
HighLights
- High‑visibility location on Nolana Loop in McAllen.
- Income‑producing property with a long‑term tenant in one unit.
- Opportunity to operate a business in the vacant unit.
- Each unit offers 3000 square feet of space.
- Ample paved parking available.
- Central electric heating and cooling.
Overview
This retail property is located on a vibrant and busy street in the heart of McAllen, Texas. The location on Nolana Loop offers fabulous visibility. The property includes two units, each with 3000 square feet, totaling 6000 square feet. One unit is currently occupied by a long-term tenant. The vacant unit presents an opportunity for a new business. The property has plenty of paved parking and room in the back for additional spaces. The lot size is 0.5905 acres.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$951.6K
NOI $85,640 @ 9.00% cap · cautious / downside scenario
Moderate
$1.22M
NOI $85,640 @ 7.00% cap · market / base-case scenario
Aggressive
$1.71M
NOI $85,640 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $129.6k | $21.60 |
| − Vacancy | −$7.3k | −$1.21 |
| EGI | $122.3k | $20.39 |
| − OpEx | −$36.7k | −$6.12 |
| NOI | $85.6k | $14.27 |
6,000 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$1.22M
$1.07M – $1.43M
NOI $85,640 @ 7.0% cap · market cap 5.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.63M
$1.43M – $1.90M
NOI $114,048 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Retail space
Map
- City
- McAllen
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.236626
- Latitude
- 26.241491
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Retail property with long-term tenant in vibrant McAllen location.
Where is this retail space located?
The property is located at 2108/2112 Nolana Loop McAllen, TX.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: High‑visibility location on Nolana Loop in McAllen.; Income‑producing property with a long‑term tenant in one unit.; Opportunity to operate a business in the vacant unit.
