Office Building with
3520 Buddy Owens Avenue McAllen, McAllen, TX 78504
For Sale
$325,000
A four-office layout includes meeting, reception, kitchen, and garage space.
Property Size1,810 SF
Days on Market20
Property Features for 3520 Buddy Owens Avenue McAllen
General Information
Standard status
Size
Property subtype
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
lobby
reception area
conference room
kitchen
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Key Realty
Listed By:
Preshina Samtani · License TX #617748
(956) 460-7763
Source:
Primeluxuryrealestate
Added: Oct 24
Changed: Oct 31
Last Checked: Nov 12 at 5:46PM
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 Key Realty
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Investment Insights
Based on property information with market context.
Built in 2005, this office property includes a lobby and reception area, a conference room, four private offices, two bathrooms, a kitchen, and a garage. The air conditioning system was replaced in August 2025, followed by roof replacement in January 2025.
The property is in North McAllen, near Walmart, Target, and a range of retail and dining options.
The property is in North McAllen, near Walmart, Target, and a range of retail and dining options.
Key Highlights
- Four private offices, a conference room, lobby, and reception area
- Two bathrooms, a kitchen, and a garage
- Air conditioning system replaced in August 2025
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.
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Current Use
Location Intelligence
Trade Area within ½ mile
424
Businesses Nearby
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
$203,900
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in McAllen, TX
Properties on Market for Office buildings in McAllen
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A four-office layout includes meeting, reception, kitchen, and garage space.
Where is this office building located?
The property is located at 3520 Buddy Owens Avenue McAllen 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: Four private offices, a conference room, lobby, and reception area; Two bathrooms, a kitchen, and a garage; Air conditioning system replaced in August 2025
