Storefront Property with Five
For Sale
$449,500
2517 Buddy Owens Ave, McAllen, TX 78504
Storefront building in McAllen offering flexible space with private suites, salon areas, and multiple restrooms.
Property Size2,280 SF
Price / SF$197.15
Days on Market67
Property Features for 2517 Buddy Owens Ave
General Information
Standard status
Active
Size
2,280 SF
Amenities
private suites
open concept salon spaces
restrooms
shower
Listing Agency:
Imperio Real Estate LLC
(956) 336-8368
Listed By:
Abiel De La Torre
(956) 336-8368
Source:
Exprealty
Added: May 28
Changed: Jul 30
Last Checked: Jul 31 at 4:41PM
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 Imperio Real Estate LLC
Investment Insights
Based on property information with market context.
This McAllen storefront property offers a flexible layout with five private suites plus two open concept salon spaces. The building includes two restrooms, including one with a shower, supporting a range of commercial uses.
Located near major thoroughfares, retail centers, restaurants, and densely populated residential communities, the property is positioned to serve a broad customer base with strong accessibility and visibility.
With 2,280 SF of total building space, this configuration can work well for businesses that benefit from multiple private rooms alongside open salon-style areas, all within a single storefront setting.
Located near major thoroughfares, retail centers, restaurants, and densely populated residential communities, the property is positioned to serve a broad customer base with strong accessibility and visibility.
With 2,280 SF of total building space, this configuration can work well for businesses that benefit from multiple private rooms alongside open salon-style areas, all within a single storefront setting.
Key Highlights
- 2,280 SF storefront building in McAllen
- Five private suites
- Two open concept salon spaces
Financial Insights For Retail
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 | $49.2k | $21.60 |
| − Vacancy | −$2.8k | −$1.21 |
| EGI | $46.5k | $20.39 |
| − OpEx | −$13.9k | −$6.12 |
| NOI | $32.5k | $14.27 |
2,280 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$464.9K
$406.8K – $542.4K
NOI $32,543 @ 7.0% cap · market cap 7.24%
Second Best
Office B
$436.1K
$381.6K – $508.7K
NOI $30,524 @ 7.0% cap · market cap 6.79%
Theoretical Best
Office A
$619.1K
$541.7K – $722.3K
NOI $43,338 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,166
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78504, TX
56,830
Population
21,417
Households
2.7
Avg Household Size
35
Median Age
40%
College-Educated
86%
High-School Grad
19.6 sq mi
ZIP Area
2,899
Density / Sq Mi
$77,627
Median Household Income
$41,632
Median Earnings
$1,178
Median Rent
$203,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Southern Roots Flower Market — 4400 n 23rd st #119, mcallen, tx 78504
Frequently Asked Questions
What type of property is this?
Storefront property - Storefront building in McAllen offering flexible space with private suites, salon areas, and multiple restrooms.
Where is this storefront property located?
The property is located at 2517 Buddy Owens Ave McAllen, TX.
What is the asking price?
The asking price for this property is $449,500.
What are key features of this property?
This property features: 2,280 SF storefront building in McAllen; Five private suites; Two open concept salon spaces
