Corner Workshop with
22 S 24th Street McAllen, TX 78501
22 S 24th Street, McAllen, TX, 78501
$375,000
For Sale
$375,000
Corner lot property includes a workshop bay with covered canopy and an interior office area for administration.
Property Size1,928 SF
Price / SF$194.50
Days on Market89
Property Features for 22 S 24th Street
General Information
- Standard status
- Active
- Size
- 1,928 SF
Listing agency
Casita Real Estate Group
(956) 648-7512
Listed by
Yajaira Martinez
(956) 648-7512
Source
Exprealty
Added: Apr 24 Updated: Jul 20 at 11:42PM Checked: Jul 20 at 11:42PM
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 Casita Real Estate Group
Investment Insights
Based on property information with market context.
This for-sale commercial property combines a workshop space with an interior office area for administrative operations or client interaction. A canopy bay provides covered workspace that can support equipment, loading, and service-related work. The site is set up for practical vehicle operations with flexible circulation for deliveries and access across the corner location.
The property is located in McAllen, just one block south of Business 83, with visibility and accessibility intended to support a variety of business uses. Its corner-lot positioning helps provide added exposure and convenient access for vehicles and deliveries.
Overall, the configuration lends itself to service and light industrial work where covered bays, a dedicated office, and on-site vehicle access are important.
The property is located in McAllen, just one block south of Business 83, with visibility and accessibility intended to support a variety of business uses. Its corner-lot positioning helps provide added exposure and convenient access for vehicles and deliveries.
Overall, the configuration lends itself to service and light industrial work where covered bays, a dedicated office, and on-site vehicle access are important.
Key Highlights
- Corner lot commercial property with workshop space and an interior office area
- Covered canopy bay provides sheltered workspace for equipment, loading, or service‑related work
- Workshop layout includes space suited for administrative operations and client interaction
Local 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 | $41.6k | $21.60 |
| − Vacancy | −$2.3k | −$1.21 |
| EGI | $39.3k | $20.39 |
| − OpEx | −$11.8k | −$6.12 |
| NOI | $27.5k | $14.27 |
1,928 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$393.1K
$344.0K – $458.7K
NOI $27,519 @ 7.0% cap · market cap 7.34%
Second Best
Flex RnD
$170.6K
$149.3K – $199.1K
NOI $11,945 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$523.5K
$458.1K – $610.8K
NOI $36,647 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- Rapid Towing — 2217 W Houston Ave, McAllen, TX 78501
- Benavidez Mobile Mechanic — 2205 W Houston Ave, McAllen, TX 78501
- Donkey Graphics — 1005 S 23rd St, McAllen, TX 78501
- Humble Hands Automotive LLC — 801 S 23rd St, McAllen, TX 78501
- Candy repintados automotrices — 2201 W Houston Ave, McAllen, TX 78501
FAQs
What type of property is this?
Auto shop - Corner lot property includes a workshop bay with covered canopy and an interior office area for administration.
Where is this auto shop located?
The property is located at 22 S 24th Street McAllen, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Corner lot commercial property with workshop space and an interior office area; Covered canopy bay provides sheltered workspace for equipment, loading, or service‑related work; Workshop layout includes space suited for administrative operations and client interaction
