Multi-Tenant Strip Mall
New
For Sale
Contact for pricing
2201 S 10th Street Unit 2, McAllen, TX 78505
A 2021-built retail suite is part of a multi-tenant center across from La Plaza Mall.
Property Size2,448 SF
Price / SF$2.83
Days on Market3
Property Features for 2201 S 10th Street Unit 2
General Information
Standard status
Active
Size
2,448 SF
Property subtype
Commercial
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 1:40AM
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.
Unit 2 is a 2,448-square-foot retail property within a multi-tenant strip center completed in 2021. The center is positioned across from La Plaza Mall in McAllen, with expressway access nearby.
Key Highlights
- 2,448‑square‑foot retail suite
- Built in 2021
- Part of a multi‑tenant strip center
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
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,383
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - A 2021-built retail suite is part of a multi-tenant center across from La Plaza Mall.
Where is this strip mall located?
The property is located at 2201 S 10th Street Unit 2 McAllen, TX.
What are key features of this property?
This property features: 2,448‑square‑foot retail suite; Built in 2021; Part of a multi‑tenant strip center
