NAPA Auto Parts Automotive
For Sale
Contact for pricing
3316 N 23RD ST, McAllen, TX 78501
Single-tenant facility with C zoning and an established automotive parts use.
Property Size22,500 SF
Price / SF$128.67
Days on Market11
Property Features for 3316 N 23RD ST
General Information
Standard status
Active
Size
22,500 SF
Property subtype
Retail, Industrial
Zoning
C
Occupancy
100%
Lease Type
NN
Investment Type
Stabilized
Net Operating Income
$198,480
Building Details
Year Built
1975
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
CBRE - San Antonio
(956) 631-1322
Listed By:
Ernie Garza · License #623887
Source:
Crexi
Added: Aug 20
Changed: Aug 28
Last Checked: Aug 28 at 8:37PM
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 CBRE - San Antonio
Investment Insights
Based on property information with market context.
This single-tenant automotive property includes a 22,500-square-foot building constructed in 1975. The facility is occupied by NAPA Auto Parts, with Genuine Parts Company identified as the tenant’s publicly traded parent company. Its use is tied to automotive parts distribution and retail activity.
The property is located at 3316 N 23rd Street in McAllen, Texas, along a primary commercial corridor. C zoning supports the existing commercial setting, while the site’s position within McAllen places it in the Rio Grande Valley’s principal economic center.
The property is located at 3316 N 23rd Street in McAllen, Texas, along a primary commercial corridor. C zoning supports the existing commercial setting, while the site’s position within McAllen places it in the Rio Grande Valley’s principal economic center.
Key Highlights
- 22,500‑square‑foot automotive building
- Single‑tenant NAPA Auto Parts location
- Genuine Parts Company identified as the publicly traded parent company
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
$138,038
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
4.77%
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%
$2,760,760
$2.8M
Cap Rate 7%
$1,971,971
$2.0M
Cap Rate 9%
$1,533,756
$1.5M
Market Conditions
NOI Build-Up for 22,500 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
$205.2K $9.12/SF
− Vacancy
−$8.0K −$0.36/SF
EGI
$197.2K $8.76/SF
− OpEx
−$59.2K −$2.63/SF
NOI
$138.0K $6.14/SF
Area
McAllen, TX
Vacancy
3.90%
Lease Rate
$9.12 /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%
$2,760,760
Cap Rate 7%
$1,971,971
Cap Rate 9%
$1,533,756
Alternative Uses
Best Use
Retail
$4.59M
$4.01M – $5.35M
NOI $321,149 @ 7.0% cap · market cap 11.09%
Second Best
Industrial
$1.97M
$1.73M – $2.30M
NOI $138,038 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$6.11M
$5.35M – $7.13M
NOI $427,680 @ 7.0% cap · market cap 14.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
762
Businesses Nearby
Under-served
Demand for This Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Automotive property - Single-tenant facility with C zoning and an established automotive parts use.
Where is this automotive property located?
The property is located at 3316 N 23RD ST McAllen, TX.
What is the asking price?
The asking price for this property is $2,895,000.
What are key features of this property?
This property features: 22,500‑square‑foot automotive building; Single‑tenant NAPA Auto Parts location; Genuine Parts Company identified as the publicly traded parent company
