Two-Story Storefront
For Sale
$445,000
3228 Buddy Owens Ave, McAllen, TX 78504
New construction provides a compact commercial footprint with C-3L zoning.
Property Size1,476 SF
Price / SF$301.49
Days on Market16
Property Features for 3228 Buddy Owens Ave
General Information
Standard status
Active
Size
1,476 SF
Zoning
C-3L
Additional Details
Traffic Count
50,000 vehicles/day
Taxes and HOA fees
Annual Taxes
$5,599
Building Details
Stories
2
Listing Agency:
eReal Estate Depot, LLC
(956) 581-4333
Listed By:
Dolly L Elizondo
(956) 467-8833
Source:
Exprealty
Added: Sep 25
Changed: Oct 10
Last Checked: Oct 10 at 2:25AM
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 eReal Estate Depot, LLC
Investment Insights
Based on property information with market context.
This newly constructed storefront property contains 1,476 square feet across two stories. The site is zoned C-3L and is located on Buddy Owens Avenue in McAllen, Texas.
Key Highlights
- 1,476‑square‑foot, two‑story storefront property
- New construction
- Zoned C‑3L
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,067
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$421,340
$421.3K
Cap Rate 7%
$300,957
$301.0K
Cap Rate 9%
$234,078
$234.1K
Market Conditions
NOI Build-Up for 1,476 SF
Gross rent
$31.9K $21.60/SF
− Vacancy
−$1.8K −$1.21/SF
EGI
$30.1K $20.39/SF
− OpEx
−$9.0K −$6.12/SF
NOI
$21.1K $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 Rate 5%
$421,340
Cap Rate 7%
$300,957
Cap Rate 9%
$234,078
Alternative Uses
Best Use
Retail
$301.0K
$263.3K – $351.1K
NOI $21,067 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$400.8K
$350.7K – $467.6K
NOI $28,056 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
50,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
590
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 - New construction provides a compact commercial footprint with C-3L zoning.
Where is this storefront property located?
The property is located at 3228 Buddy Owens Ave McAllen, TX.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: 1,476‑square‑foot, two‑story storefront property; New construction; Zoned C‑3L
