Turn-Key Standalone
For Sale
$1,450,000
2433 N Mccoll Road McAllen, McAllen, TX 78501
Turn-key standalone restaurant with fully equipped commercial kitchen and 32 dedicated parking spaces on a 0.92-acre lot.
Property Size3,998 SF
Lot Size0.92 Acres
Price / SF$362.68
Days on Market74
Property Features for 2433 N Mccoll Road McAllen
General Information
Standard status
Active
Size
3,998 SF
Total Parking Spaces
32
Lot size
0.92 Acres
Property subtype
Commercial
Additional Details
Business Included
Yes
Traffic Count
22,000 vehicles/day
Taxes and HOA fees
Annual Taxes
$11,919
Building Details
Building Size
3,998 SF
Year Built
2010
Listing Agency:
Dalton Wade, Inc
(956) 393-9011
Listed By:
Ciria Munoz
Source:
Primeluxuryrealestate
Added: Jun 12
Changed: Aug 24
Last Checked: Aug 22 at 4:16AM
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 Dalton Wade, Inc
Investment Insights
Based on property information with market context.
A turn-key standalone restaurant offered for sale with a fully furnished and equipped commercial kitchen. The property totals 3,998 square feet and sits on a 0.92-acre lot, with the operating setup intended to reduce or eliminate build-out delays. Showings are strictly by appointment only, and please do not disturb the current staff or operations.
Located at 2433 N McColl Road in McAllen, Texas, the site is positioned on the high-exposure N. McColl Rd corridor with a stated daily traffic count of 15K–22K+ vehicles. The property includes 32 dedicated parking spaces, supporting convenient on-site guest parking for restaurant operations.
Located at 2433 N McColl Road in McAllen, Texas, the site is positioned on the high-exposure N. McColl Rd corridor with a stated daily traffic count of 15K–22K+ vehicles. The property includes 32 dedicated parking spaces, supporting convenient on-site guest parking for restaurant operations.
Key Highlights
- 3,998 SF standalone restaurant on a 0.92‑acre lot
- Fully equipped commercial kitchen included; furnished for a ready‑to‑operate setup
- 32 dedicated parking spaces with a paved driveway, handicap parking, and on‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$61,141
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,222,820
$1.2M
Cap Rate 7%
$873,443
$873.4K
Cap Rate 9%
$679,344
$679.3K
Market Conditions
NOI Build-Up for 3,998 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$86.4K $21.60/SF
− Vacancy
−$4.8K −$1.21/SF
EGI
$81.5K $20.39/SF
− OpEx
−$20.4K −$5.10/SF
NOI
$61.1K $15.29/SF
Area
McAllen, TX
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,222,820
Cap Rate 7%
$873,443
Cap Rate 9%
$679,344
Alternative Uses
Best Use
Specialty Retail
$873.4K
$764.3K – $1.02M
NOI $61,141 @ 7.0% cap · market cap 4.22%
Second Best
Industrial
$350.4K
$306.6K – $408.8K
NOI $24,528 @ 7.0% cap · market cap 1.69%
Theoretical Best
Office A
$1.09M
$949.9K – $1.27M
NOI $75,994 @ 7.0% cap · market cap 5.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
22,000 VPD
Traffic count
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
861
Businesses Nearby
537
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 100%
Ewing Outdoor Supply
Apparel
537 visits/mo
0.5 miles
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turn-key standalone restaurant with fully equipped commercial kitchen and 32 dedicated parking spaces on a 0.92-acre lot.
Where is this conventional restaurant located?
The property is located at 2433 N Mccoll Road McAllen McAllen, TX.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 3,998 SF standalone restaurant on a 0.92‑acre lot; Fully equipped commercial kitchen included; furnished for a ready‑to‑operate setup; 32 dedicated parking spaces with a paved driveway, handicap parking, and on‑street parking
