Multi-Office Commercial
New
For Sale
$325,000
3520 Buddy Owens Avenue, McAllen, TX 78504
Commercial Sale, McAllen, TX
Property Size1,810 SF
Lot Size0.14 Acres
Price / SF$179.56
Days on Market2
Property Features for 3520 Buddy Owens Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Appliances
Electric Water Heater
Subdivision
First Dove Center
Lot features
Office Complex
Directions
Heading North on Ware Rd, right on Buddy Owens Blvd. Property will be on the left.
Standard status
Active
APN
F366000000000700
Size
1,810 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6153
HOA Fee
$100 Monthly
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
lobby
reception area
conference room
four private offices
two bathrooms
kitchen
garage
Building Details
Year built
2005
Floors in Building
1
Building materials
Brick
Roof type
Slate, Flat
Listing Agency:
Key Realty
(956) 627-7552
Listed By:
Preshina Samtani
(956) 460-7763
Added: Oct 22
Last Checked: Oct 23 at 6:06AM
MLS# 518517
Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 2005, this 1,810-square-foot brick office property includes a lobby, reception area, conference room, four private offices, two bathrooms, a kitchen, and a garage. Central heating and central air serve the building, which has slate and flat roof sections. The site encompasses 0.1446 acres.
The property is on Buddy Owens Avenue in McAllen, near Walmart, Target, and nearby retail and dining options.
The property is on Buddy Owens Avenue in McAllen, near Walmart, Target, and nearby retail and dining options.
Key Highlights
- 1,810‑square‑foot office building with lobby, reception area, conference room, and four private offices
- Two bathrooms, kitchen, and garage
- 0.1446‑acre site on Buddy Owens Avenue in McAllen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,231
Cap Rate
7.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$484,620
$484.6K
Cap Rate 7%
$346,157
$346.2K
Cap Rate 9%
$269,233
$269.2K
Market Conditions
NOI Build-Up for 1,810 SF
Gross rent
$38.0K $21.00/SF
− Vacancy
−$5.7K −$3.15/SF
EGI
$32.3K $17.85/SF
− OpEx
−$8.1K −$4.46/SF
NOI
$24.2K $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%
$484,620
Cap Rate 7%
$346,157
Cap Rate 9%
$269,233
Alternative Uses
Best Use
Office B
$346.2K
$302.9K – $403.9K
NOI $24,231 @ 7.0% cap · market cap 7.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$491.5K
$430.1K – $573.4K
NOI $34,404 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
424
Businesses Nearby
Balanced
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Lion Tech — 3801 w nolana ave #6, mcallen, tx 78504
- Walmart Home Theater Installation — 2800 W Nolana Ave, McAllen, TX 78504
- Boost Mobile Ultra GoSmart Simple Net10 TelCel H2O Total PagePlus Tracfone — 2522 Buddy Owens Blvd, McAllen, TX 78504
- Boost Mobile Ultra GoSmart Simple Net10 TelCel H2O Total PagePlus Tracfone (G.O. Wireless) ** Cell Phone Repairs Shop ** — 2522 buddy owens blvd, mcallen, tx 78504
- G.O. Wireless — 2522 buddy owens blvd b 2, mcallen, tx 78504
Frequently Asked Questions
What type of property is this?
Office space - A reception area, conference room, four private offices, and garage provide a practical workplace configuration.
Where is this office space located?
The property is located at 3520 Buddy Owens Avenue McAllen, TX.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1,810‑square‑foot office building with lobby, reception area, conference room, and four private offices; Two bathrooms, kitchen, and garage; 0.1446‑acre site on Buddy Owens Avenue in McAllen
