Retail
New
For Sale
Contact for pricing
228 N Ware Road Unit 30, McAllen, TX 78501
The unit is within a multi-tenant plaza with parking and neighboring personal-service businesses.
Property Size3,000 SF
Price / SF$1.30
Days on Market2
Property Features for 228 N Ware Road Unit 30
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Commercial
Building Details
Year Built
2013
Tenancy
Single
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 4:13PM
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 3,000-square-foot retail space is part of a plaza built in 2013. The center includes a dental office, barbershop and nail salon, alongside parking for plaza users.
The space is offered for sale and the property information identifies light retail, clothing, a small gym and professional businesses as possible uses.
The space is offered for sale and the property information identifies light retail, clothing, a small gym and professional businesses as possible uses.
Key Highlights
- 3,000‑square‑foot retail unit
- Plaza built in 2013
- Parking available at the plaza
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,820
Suggested Prices Based on Cap Rates
Cap Rate 5%
$856,400
$856.4K
Cap Rate 7%
$611,714
$611.7K
Cap Rate 9%
$475,778
$475.8K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$64.8K $21.60/SF
− Vacancy
−$3.6K −$1.21/SF
EGI
$61.2K $20.39/SF
− OpEx
−$18.4K −$6.12/SF
NOI
$42.8K $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%
$856,400
Cap Rate 7%
$611,714
Cap Rate 9%
$475,778
Alternative Uses
Best Use
Retail
$611.7K
$535.3K – $713.7K
NOI $42,820 @ 7.0% cap · market cap 1,097.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$814.6K
$712.8K – $950.4K
NOI $57,024 @ 7.0% cap · market cap 1,462.15%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
504
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?
Retail space - The unit is within a multi-tenant plaza with parking and neighboring personal-service businesses.
Where is this retail space located?
The property is located at 228 N Ware Road Unit 30 McAllen, TX.
What are key features of this property?
This property features: 3,000‑square‑foot retail unit; Plaza built in 2013; Parking available at the plaza
