Renovated 10-Unit Apartment
2501 State Highway 107 McAllen, TX 78504
2501 State Highway 107, McAllen, TX, 78504
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For Sale
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Fully renovated 10-unit property with all 2 bed, 2 bath units, offered alongside a turnkey adjacent office.
Property Size12,000 SF
Price / SF$116.67
Days on Market82
Property Features for 2501 State Highway 107
General Information
- Standard status
- Active
- Size
- 12,000 SF
- Property subtype
- Office
Building Details
- Year Built
- 2025
Listing agency
Encore Fine Properties
(956) 821-6170
Listed by
Avinaash Buxani · License #TREC # 0712106
Source
Crexi
Added: May 1 Updated: Jul 21 at 1:51AM Checked: Jul 21 at 1:51AM
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 Encore Fine Properties
Investment Insights
Based on property information with market context.
This fully renovated 10-unit apartment complex offers a consistent layout with all units configured as 2-bedroom, 2-bath residences. The package includes projected rents of approximately $700 per unit, providing immediate income characteristics as presented in the offering materials.
The property is located at 2501 State Highway 107 in McAllen, TX 78504, and is being marketed as part of a dual-asset opportunity. Adjacent to the apartments is a brand-new, turnkey office property comprised of two modern buildings, three private offices, and a dedicated conference room.
The apartments and office can be acquired individually or together as part of the combined offering, and owner financing is available according to the public remarks.
The property is located at 2501 State Highway 107 in McAllen, TX 78504, and is being marketed as part of a dual-asset opportunity. Adjacent to the apartments is a brand-new, turnkey office property comprised of two modern buildings, three private offices, and a dedicated conference room.
The apartments and office can be acquired individually or together as part of the combined offering, and owner financing is available according to the public remarks.
Key Highlights
- Fully renovated 10‑unit apartment complex; all units are 2 bed / 2 bath
- Projected rents of approximately $700 per unit for the 10‑unit apartment complex
- Adjacent, brand‑new office property with two modern buildings
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $194.4k | $16.20 |
| − Vacancy | −$13.2k | −$1.10 |
| EGI | $181.2k | $15.10 |
| − OpEx | −$81.5k | −$6.79 |
| NOI | $99.6k | $8.30 |
12,000 SF · lease $16.20/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Office B
$2.30M
$2.01M – $2.68M
NOI $160,650 @ 7.0% cap · market cap 11.48%
Second Best
Apartment 5plus
$1.42M
$1.25M – $1.66M
NOI $99,649 @ 7.0% cap · market cap 7.12%
Theoretical Best
Office A
$3.26M
$2.85M – $3.80M
NOI $228,096 @ 7.0% cap · market cap 16.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Fully renovated 10-unit property with all 2 bed, 2 bath units, offered alongside a turnkey adjacent office.
Where is this apartment building located?
The property is located at 2501 State Highway 107 McAllen, TX.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Fully renovated 10‑unit apartment complex; all units are 2 bed / 2 bath; Projected rents of approximately $700 per unit for the 10‑unit apartment complex; Adjacent, brand‑new office property with two modern buildings
