Office Suites with Conference
New
For Sale
Contact for pricing
317 11th Street, McAllen, TX 78501
Private work areas, a reception lobby, kitchen, and separate restrooms support a professional office setting.
Property Size2,500 SF
Price / SF$1.84
Days on Market2
Property Features for 317 11th Street
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Commercial
Additional Details
Condition
Move-in Ready
Property Use
Office
Amenities
private offices with keypad-controlled access
professional reception and lobby area
conference room with presentation TV
modern kitchen/breakroom
separate restrooms
Building Details
Year Built
1977
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 3:33PM
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 SANETI REALTY GROUP
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Investment Insights
Based on property information with market context.
Tower View Plaza is an office property at 317 11th Street in McAllen. Its recently updated interior includes private offices with keypad access, a reception and lobby area, a conference room equipped with a presentation TV, a kitchen and breakroom, and separate restrooms. The building was constructed in 1977.
The property sits directly south of Chase Tower, with access to McAllen International Airport, major hospitals, La Plaza Mall, hotels, restaurants, and commercial corridors.
The property sits directly south of Chase Tower, with access to McAllen International Airport, major hospitals, La Plaza Mall, hotels, restaurants, and commercial corridors.
Key Highlights
- Private offices feature keypad‑controlled entry
- Conference room includes a presentation TV
- Reception and lobby area, kitchen and breakroom, and separate restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,469
Suggested Prices Based on Cap Rates
Cap Rate 5%
$669,380
$669.4K
Cap Rate 7%
$478,129
$478.1K
Cap Rate 9%
$371,878
$371.9K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$52.5K $21.00/SF
− Vacancy
−$7.9K −$3.15/SF
EGI
$44.6K $17.85/SF
− OpEx
−$11.2K −$4.46/SF
NOI
$33.5K $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%
$669,380
Cap Rate 7%
$478,129
Cap Rate 9%
$371,878
Alternative Uses
Best Use
Office B
$478.1K
$418.4K – $557.8K
NOI $33,469 @ 7.0% cap · market cap 727.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$678.9K
$594.0K – $792.0K
NOI $47,520 @ 7.0% cap · market cap 1,033.04%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,589
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
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Private work areas, a reception lobby, kitchen, and separate restrooms support a professional office setting.
Where is this office unit located?
The property is located at 317 11th Street McAllen, TX.
What are key features of this property?
This property features: Private offices feature keypad‑controlled entry; Conference room includes a presentation TV; Reception and lobby area, kitchen and breakroom, and separate restrooms
