Two-Story Mixed-Use
New
For Sale
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3400 N Mccoll Road Unit 21, McAllen, TX 78501
Ground-floor space accommodates retail or office use, with office suites on the upper level.
Property Size150 SF
Price / SF$3.33
Days on Market4
Property Features for 3400 N Mccoll Road Unit 21
General Information
Standard status
Active
Size
150 SF
Property subtype
Commercial
Additional Details
Mixed-Use Components
retail, office
Property Use
Retail/Office
Building Details
Year Built
2007
Stories
2
Tenancy
Multi
Listing Agency:
Texus Realty
Listed By:
Israel Gutierrez · License #0558344
(512) 846-9332
Source:
Texusrealty
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 1:46AM
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 Texus Realty
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Investment Insights
Based on property information with market context.
This 2007 mixed-use property has a two-level configuration, with flexible retail or office space on the ground floor and multiple office suites upstairs. The upper-level suites are offered with an all-inclusive lease structure; tenants handle janitorial service within their individual units.
Located on N McColl Road in McAllen, the property combines street-level commercial space with upper-floor offices.
Located on N McColl Road in McAllen, the property combines street-level commercial space with upper-floor offices.
Key Highlights
- Ground floor supports retail or office use
- Multiple office suites on the second floor
- All‑inclusive lease structure for upper‑level suites; tenants provide unit janitorial service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,823
Suggested Prices Based on Cap Rates
Cap Rate 5%
$36,460
$36.5K
Cap Rate 7%
$26,043
$26.0K
Cap Rate 9%
$20,256
$20.3K
Market Conditions
NOI Build-Up for 150 SF
Gross rent
$3.2K $21.60/SF
− Vacancy
−$324 −$2.16/SF
EGI
$2.9K $19.44/SF
− OpEx
−$1.1K −$7.29/SF
NOI
$1.8K $12.15/SF
Area
McAllen, TX
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$36,460
Cap Rate 7%
$26,043
Cap Rate 9%
$20,256
Alternative Uses
Best Use
Retail
$30.6K
$26.8K – $35.7K
NOI $2,141 @ 7.0% cap · market cap 428.20%
Second Best
Office B
$28.7K
$25.1K – $33.5K
NOI $2,008 @ 7.0% cap · market cap 401.60%
Theoretical Best
Office A
$40.7K
$35.6K – $47.5K
NOI $2,851 @ 7.0% cap · market cap 570.20%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,281
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor space accommodates retail or office use, with office suites on the upper level.
Where is this mixed-use property located?
The property is located at 3400 N Mccoll Road Unit 21 McAllen, TX.
What are key features of this property?
This property features: Ground floor supports retail or office use; Multiple office suites on the second floor; All‑inclusive lease structure for upper‑level suites; tenants provide unit janitorial service
