Freestanding Retail
New
For Sale
Contact for pricing
3619 N 10th Street, McAllen, TX 78501
Interior renovations are underway, and the layout can be tailored for a future occupant.
Property Size4,289 SF
Price / SF$1.85
Days on Market1
Property Features for 3619 N 10th Street
General Information
Standard status
Active
Size
4,289 SF
Property subtype
Commercial
Additional Details
Property Use
Office
Building Details
Year Built
1987
Buildings
1
Building Size
4,289 SF
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 1:42AM
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 SANETI REALTY GROUP
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Investment Insights
Based on property information with market context.
This freestanding retail building contains 4,289 square feet and was built in 1987. Interior renovations are in progress, with the floor plan open to customization. Potential uses identified for the space include retail, office, restaurant, bar, and other professional operations.
The property is at 3619 N 10th Street in McAllen, just south of Nolana Avenue.
The property is at 3619 N 10th Street in McAllen, just south of Nolana Avenue.
Key Highlights
- 4,289‑square‑foot freestanding building
- Interior renovations underway; floor plan can be customized
- Built in 1987
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,218
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,224,360
$1.2M
Cap Rate 7%
$874,543
$874.5K
Cap Rate 9%
$680,200
$680.2K
Market Conditions
NOI Build-Up for 4,289 SF
Gross rent
$92.6K $21.60/SF
− Vacancy
−$5.2K −$1.21/SF
EGI
$87.5K $20.39/SF
− OpEx
−$26.2K −$6.12/SF
NOI
$61.2K $14.27/SF
Area
McAllen, TX
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,224,360
Cap Rate 7%
$874,543
Cap Rate 9%
$680,200
Alternative Uses
Best Use
Retail
$874.5K
$765.2K – $1.02M
NOI $61,218 @ 7.0% cap · market cap 771.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,525 @ 7.0% cap · market cap 1,027.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,440
Businesses Nearby
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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 Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Interior renovations are underway, and the layout can be tailored for a future occupant.
Where is this retail space located?
The property is located at 3619 N 10th Street McAllen, TX.
What are key features of this property?
This property features: 4,289‑square‑foot freestanding building; Interior renovations underway; floor plan can be customized; Built in 1987
