Covered Car Wash Work
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For Sale
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2201 N Houston Avenue #B, 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 Market5
Property Features for 2201 N Houston Avenue #B
General Information
Standard status
Active
Size
420 SF
Property subtype
Commercial
Building Details
Year Built
1951
Listing Agency:
Coldwell Banker La Mansion
(956) 631-1322
Listed By:
Hortencia Camargo
(956) 212-6840
Source:
Sanetirealty
Added: Nov 1
Changed: Nov 5
Last Checked: Nov 5 at 9:47AM
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 Coldwell Banker La Mansion
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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 #B 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
