Restaurant Space in Retail
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For Sale
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400 W Nolana Avenue, McAllen, TX 78504
Separate suites can be combined into a larger contiguous restaurant space within an established retail center.
Property Size4,732 SF
Price / SF$2.00
Days on Market2
Property Features for 400 W Nolana Avenue
General Information
Standard status
Active
Size
4,732 SF
Property subtype
Commercial
Building Details
Year Built
1996
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 4:14AM
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.
Restaurant space at 400 W Nolana Avenue is offered as Suite R, Suite S&T, or a combined configuration. Suite R measures ±1,940 SF, while S&T provides ±4,900 SF; together, the suites total ±6,840 SF. The building dates to 1996.
The space is part of a retail center with restaurants, retailers, and professional businesses. Approximately 200 parking spaces are shared within the center.
The space is part of a retail center with restaurants, retailers, and professional businesses. Approximately 200 parking spaces are shared within the center.
Key Highlights
- Suite R offers ±1,940 SF; Suites S&T offer ±4,900 SF
- Suites R, S&T can be combined for ±6,840 SF of contiguous space
- Approximately 200 shared parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,366
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,447,320
$1.4M
Cap Rate 7%
$1,033,800
$1.0M
Cap Rate 9%
$804,067
$804.1K
Market Conditions
NOI Build-Up for 4,732 SF
Gross rent
$102.2K $21.60/SF
− Vacancy
−$5.7K −$1.21/SF
EGI
$96.5K $20.39/SF
− OpEx
−$24.1K −$5.10/SF
NOI
$72.4K $15.29/SF
Area
McAllen, TX
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,447,320
Cap Rate 7%
$1,033,800
Cap Rate 9%
$804,067
Alternative Uses
Best Use
Specialty Retail
$1.03M
$904.6K – $1.21M
NOI $72,366 @ 7.0% cap · market cap 764.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,946 @ 7.0% cap · market cap 950.40%
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
1,500
Businesses Nearby
Under-served
Demand for This Use
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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 Retail in South region
Similar Off Market Nearby
- Crazy International Buffet — 400 W Nolana Ave # V, McAllen, TX 78504
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Separate suites can be combined into a larger contiguous restaurant space within an established retail center.
Where is this conventional restaurant located?
The property is located at 400 W Nolana Avenue McAllen, TX.
What are key features of this property?
This property features: Suite R offers ±1,940 SF; Suites S&T offer ±4,900 SF; Suites R, S&T can be combined for ±6,840 SF of contiguous space; Approximately 200 shared parking spaces
