NAPA Auto Parts Automotive
For Sale
Contact for pricing
Pending
3316 N 23RD ST, McAllen, TX 78501
Single-tenant facility with C zoning and an established automotive parts use.
Property Size22,500 SF
Days on Market56
Property Features for 3316 N 23RD ST
General Information
Standard status
Pending
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
Listed By:
Ernie Garza · License #623887
(956) 631-1322
Source:
Crexi
Added: Aug 20
Changed: Oct 10
Last Checked: Oct 12 at 9:06PM
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 / Yr
$138,038
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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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
