Covered Car Wash Work
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For Sale
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2201 N Houston Avenue, McAllen, TX 78501
A sheltered automotive work area has a durable concrete surface and can accommodate car wash or mechanic-shop use.
Property Size420 SF
Price / SF$1.86
Days on Market1
Property Features for 2201 N Houston Avenue
General Information
Standard status
Active
Size
420 SF
Property subtype
Commercial
Building Details
Year Built
1951
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 3:04PM
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.
This McAllen car wash property includes a 420-square-foot, one-bay work area beneath a metal canopy. A concrete slab forms the work surface, and the building dates to 1951. The space is identified for car wash, mechanic shop, storage, or automotive parking use.
Key Highlights
- 420‑square‑foot, one‑bay work area
- Metal canopy covers the work area
- Concrete slab work surface
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,577
Suggested Prices Based on Cap Rates
Cap Rate 5%
$51,540
$51.5K
Cap Rate 7%
$36,814
$36.8K
Cap Rate 9%
$28,633
$28.6K
Market Conditions
NOI Build-Up for 420 SF
Gross rent
$3.8K $9.12/SF
− Vacancy
−$149 −$0.36/SF
EGI
$3.7K $8.76/SF
− OpEx
−$1.1K −$2.63/SF
NOI
$2.6K $6.14/SF
Area
McAllen, TX
Vacancy
3.90%
Lease Rate
$9.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$51,540
Cap Rate 7%
$36,814
Cap Rate 9%
$28,633
Alternative Uses
Best Use
Specialty Retail
$91.8K
$80.3K – $107.1K
NOI $6,423 @ 7.0% cap · market cap 823.46%
Second Best
Retail
$85.6K
$74.9K – $99.9K
NOI $5,995 @ 7.0% cap · market cap 768.59%
Theoretical Best
Office A
$114.0K
$99.8K – $133.1K
NOI $7,983 @ 7.0% cap · market cap 1,023.46%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,614
Businesses Nearby
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Business Placement
Demographics for 78501, TX
60,817
Population
24,807
Households
2.5
Avg Household Size
37
Median Age
27%
College-Educated
77%
High-School Grad
15.5 sq mi
ZIP Area
3,924
Density / Sq Mi
$49,451
Median Household Income
$29,092
Median Earnings
$943
Median Rent
$149,000
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Car wash - A sheltered automotive work area has a durable concrete surface and can accommodate car wash or mechanic-shop use.
Where is this car wash located?
The property is located at 2201 N Houston Avenue McAllen, TX.
What are key features of this property?
This property features: 420‑square‑foot, one‑bay work area; Metal canopy covers the work area; Concrete slab work surface
