Multi-Suite Professional Office
3000 McColl Road, McAllen, TX 78501
For Sale
New
$2,250,000
Shared conference, lobby, kitchen and mail facilities support the property’s professional office configuration.
Property Size9,600 SF
Price / SF$234.38
Days on Market4
Property Features for 3000 McColl Road
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Office Units
Tenant in Place
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
manager's office
lobby
conference room
mail room
common area kitchen
restrooms
Building Details
Building Size
Year Built
Stories
Tenancy
Listing Agency:
Frank Garcia
Listed By:
Frank Garcia · License #801070038
(956) 207-6328
Source:
Dolcevitargv
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 5:30PM
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 Frank Garcia
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Investment Insights
Based on property information with market context.
Built in 2001, this 9,600-square-foot office complex contains 33 business suites, with 3 currently vacant. Shared areas include a lobby, conference room, manager’s office, mail room, kitchen and separate men’s and women’s restrooms. Security cameras cover the entrances, lobby and parking areas, and the site has more than 90 parking spaces.
At 3000 McColl Road in McAllen, the property is next to the Social Security Administration Office and just south of Nolana Avenue. The existing front building may be expanded with 1,600 square feet on its northwest side and 1,200 square feet on its southwest side, both facing McColl Road. The east parking area is also identified as a potential location for a separate building.
At 3000 McColl Road in McAllen, the property is next to the Social Security Administration Office and just south of Nolana Avenue. The existing front building may be expanded with 1,600 square feet on its northwest side and 1,200 square feet on its southwest side, both facing McColl Road. The east parking area is also identified as a potential location for a separate building.
Key Highlights
- 33 business suites, including 3 vacant suites
- 9,600‑square‑foot office complex built in 2001
- More than 90 on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$128,520
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,570,400
$2.6M
Cap Rate 7%
$1,836,000
$1.8M
Cap Rate 9%
$1,428,000
$1.4M
Market Conditions
NOI Build-Up for 9,600 SF
Gross rent
$201.6K $21.00/SF
− Vacancy
−$30.2K −$3.15/SF
EGI
$171.4K $17.85/SF
− OpEx
−$42.8K −$4.46/SF
NOI
$128.5K $13.39/SF
Area
McAllen, TX
Vacancy
15.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,570,400
Cap Rate 7%
$1,836,000
Cap Rate 9%
$1,428,000
Alternative Uses
Best Use
Office B
$1.84M
$1.61M – $2.14M
NOI $128,520 @ 7.0% cap · market cap 5.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.61M
$2.28M – $3.04M
NOI $182,477 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
33
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
807
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
$149,000
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in McAllen, TX
Properties on Market for Office buildings in McAllen
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Shared conference, lobby, kitchen and mail facilities support the property’s professional office configuration.
Where is this office building located?
The property is located at 3000 McColl Road McAllen, TX.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 33 business suites, including 3 vacant suites; 9,600‑square‑foot office complex built in 2001; More than 90 on‑site parking spaces
