Back to Search
McAllen Warehouse and Office Space

3701 N Mccoll Road McAllen, TX 78501

3701 N Mccoll Road, McAllen, TX, 78501
Contact for pricing
For Sale
Claim this Listing
Contact for pricing

Centrally located McAllen property with warehouse and office space.

Property Size24,993 SF
Price / SF$95.99
AddedNov 20, 2024
Days on Market602
Last RefreshJul 15 at 2:34 pm

Property Features for 3701 N Mccoll Road

General Information

Standard status
Active
Size
24,993 SF
Property subtype
Industrial, Retail

Building Details

Year Built
1995

Listing office Star Properties Real Estate

Listing date Nov 20, 2024

Source Crexi

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 Star Properties Real Estate


Investment Insights

Based on property information with market context.

This McAllen property, situated in a central location south of Nolana and McColl, presents an investment opportunity. It comprises two buildings. The front building features 2,495 square feet of office space and 4,469 square feet of warehouse space, totaling 6,964 square feet. The second building is primarily warehouse space, offering 17,433 square feet, complemented by a 596-square-foot office. Truck wells are available for two semi-trailers and one step van dock. The front building is currently leased on a month-to-month basis. The total property size is 24,993 square feet.

Key Highlights

  • Substantial warehouse space totaling 21,892 sq ft across two buildings.
  • Prime central location in McAllen, south of Nolana and McColl.
  • Includes office space in both buildings (2,495 sq ft and 596 sq ft).

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $224.9k $9.00
− Vacancy −$8.1k −$0.32
EGI $216.8k $8.68
− OpEx −$32.5k −$1.30
NOI $184.3k $7.37
24,993 SF · lease $9.00/SF/yr · vacancy 3.60% · expense 15.00%

Alternative Uses

Best Use
Warehouse
$2.63M
$2.30M – $3.07M (±1% cap)
NOI $184,313 @ 7.0% cap · market cap 7.68%
Second Best
Flex RnD
$2.21M
$1.94M – $2.58M (±1% cap)
NOI $154,845 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$6.79M
$5.94M – $7.92M (±1% cap)
NOI $475,067 @ 7.0% cap · market cap 19.80%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Solergy Production Facility Sears Mdo Home Decor Store

Suggested Use

Parking Lot & Garage (Bike/Boat/Book/etc) Store Daycare Center (Bike/Boat/Book/etc) Store Grocery & Convenience Store (Bike/Boat/Book/etc) Store Butcher Storage Facility Locksmith HVAC Service

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • La Cocina de Conchis — 1301 E Pecan Blvd Ste A, McAllen, TX 78501

FAQs

What type of property is this?
Flex space - Centrally located McAllen property with warehouse and office space.
Where is this flex space located?
The property is located at 3701 N Mccoll Road McAllen, TX.
What is the asking price?
The asking price for this property is $2,399,000.
What are key features of this property?
This property features: Substantial warehouse space totaling 21,892 sq ft across two buildings.; Prime central location in McAllen, south of Nolana and McColl.; Includes office space in both buildings (2,495 sq ft and 596 sq ft).
Contact an agent
(956) 664-2121 Call to check price and availability
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message