Flexible Retail/Office
For Sale
$599,900
2900 Mccoll Road, McAllen, TX 78501
For lease at 2900 N McColl Rd, offering 1,791 sq. ft. suitable for retail, medical, office, or service use.
Property Size1,791 SF
Price / SF$334.95
Days on Market135
Property Features for 2900 Mccoll Road
General Information
Standard status
Active
Size
1,791 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$8,697
Amenities
Central Air
3
10 Parking Spaces. Paved Driveway.
City Road.
Building Details
Year Built
1986
Listing Agency:
(956) 664-2121
Listed By:
Star Properties Real Estate
(956) 458-1696
Source:
Xome
Added: Apr 26
Changed: Sep 4
Last Checked: Sep 7 at 5:12AM
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 Star Properties Real Estate
Investment Insights
Based on property information with market context.
This For Rent retail/office suite offers 1,791 sq. ft. and is positioned for a range of commercial uses, including retail, medical, office, or service-oriented concepts. The space is intended to support an adaptable tenant mix within a developed commercial area.
The property is located at 2900 N McColl Rd in McAllen, TX, and is surrounded by prominent retail, medical, and professional developments, including Doctors Hospital at Renaissance, PNC Bank Tower, and Pharr Town Center.
The property is located at 2900 N McColl Rd in McAllen, TX, and is surrounded by prominent retail, medical, and professional developments, including Doctors Hospital at Renaissance, PNC Bank Tower, and Pharr Town Center.
Key Highlights
- For lease at 2900 N McColl Rd in McAllen
- 1,791 SF available space suitable for retail, medical, office, or service use
- Positioned along a high‑traffic corridor with visibility and accessibility
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
$25,563
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
4.26%
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%
$511,260
$511.3K
Cap Rate 7%
$365,186
$365.2K
Cap Rate 9%
$284,033
$284.0K
Market Conditions
NOI Build-Up for 1,791 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
$38.7K $21.60/SF
− Vacancy
−$2.2K −$1.21/SF
EGI
$36.5K $20.39/SF
− OpEx
−$11.0K −$6.12/SF
NOI
$25.6K $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 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%
$511,260
Cap Rate 7%
$365,186
Cap Rate 9%
$284,033
Alternative Uses
Best Use
Retail
$365.2K
$319.5K – $426.1K
NOI $25,563 @ 7.0% cap · market cap 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$486.3K
$425.5K – $567.4K
NOI $34,043 @ 7.0% cap · market cap 5.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
807
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - For lease at 2900 N McColl Rd, offering 1,791 sq. ft. suitable for retail, medical, office, or service use.
Where is this retail space located?
The property is located at 2900 Mccoll Road McAllen, TX.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: For lease at 2900 N McColl Rd in McAllen; 1,791 SF available space suitable for retail, medical, office, or service use; Positioned along a high‑traffic corridor with visibility and accessibility
