Multi-Tenant Retail
New
For Sale
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2201 S 10th Street Unit 1, McAllen, TX 78505
Completed in 2021, the property sits across from La Plaza Mall in McAllen.
Property Size2,448 SF
Price / SF$2.83
Days on Market3
Property Features for 2201 S 10th Street Unit 1
General Information
Standard status
Active
Size
2,448 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Property Use
Strip Center
Building Details
Year Built
2021
Tenancy
Multi
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Oct 31
Changed: Nov 1
Last Checked: Nov 1 at 1:49AM
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.
Built in 2021, this multi-tenant retail center is located at 2201 S 10th Street in McAllen, Texas. It faces La Plaza Mall and has nearby expressway access.
The surrounding area includes entertainment, shopping, and dining destinations.
The surrounding area includes entertainment, shopping, and dining destinations.
Key Highlights
- Multi‑tenant retail center completed in 2021
- Across from La Plaza Mall
- Expressway access nearby
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,941
Suggested Prices Based on Cap Rates
Cap Rate 5%
$698,820
$698.8K
Cap Rate 7%
$499,157
$499.2K
Cap Rate 9%
$388,233
$388.2K
Market Conditions
NOI Build-Up for 2,448 SF
Gross rent
$52.9K $21.60/SF
− Vacancy
−$3.0K −$1.21/SF
EGI
$49.9K $20.39/SF
− OpEx
−$15.0K −$6.12/SF
NOI
$34.9K $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%
$698,820
Cap Rate 7%
$499,157
Cap Rate 9%
$388,233
Alternative Uses
Best Use
Retail
$499.2K
$436.8K – $582.4K
NOI $34,941 @ 7.0% cap · market cap 504.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$664.7K
$581.7K – $775.5K
NOI $46,532 @ 7.0% cap · market cap 671.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,383
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - Completed in 2021, the property sits across from La Plaza Mall in McAllen.
Where is this strip mall located?
The property is located at 2201 S 10th Street Unit 1 McAllen, TX.
What are key features of this property?
This property features: Multi‑tenant retail center completed in 2021; Across from La Plaza Mall; Expressway access nearby
