Mixed-Use Property with
New
For Sale
Contact for pricing
402 S Main Street S, McAllen, TX 78501
A flexible commercial layout includes a private office and separate warehouse storage area.
Property Size3,400 SF
Price / SF$1.09
Days on Market2
Property Features for 402 S Main Street S
General Information
Standard status
Active
Size
3,400 SF
Property subtype
Commercial
Amenities
private office
storage/warehouse area
Building Details
Year Built
1972
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 4:01PM
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 3,400-square-foot mixed-use property, built in 1972, combines a retail and showroom area with a private office and warehouse storage space. The configuration brings customer-facing space and back-of-house functions together within one property.
The building is at 402 S Main Street in downtown McAllen, among established businesses, shopping, and downtown activity.
The building is at 402 S Main Street in downtown McAllen, among established businesses, shopping, and downtown activity.
Key Highlights
- 3,400 square feet of mixed‑use space
- Retail and showroom area
- Private office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,310
Suggested Prices Based on Cap Rates
Cap Rate 5%
$826,200
$826.2K
Cap Rate 7%
$590,143
$590.1K
Cap Rate 9%
$459,000
$459.0K
Market Conditions
NOI Build-Up for 3,400 SF
Gross rent
$73.4K $21.60/SF
− Vacancy
−$7.3K −$2.16/SF
EGI
$66.1K $19.44/SF
− OpEx
−$24.8K −$7.29/SF
NOI
$41.3K $12.15/SF
Area
McAllen, TX
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$826,200
Cap Rate 7%
$590,143
Cap Rate 9%
$459,000
Alternative Uses
Best Use
Retail
$693.3K
$606.6K – $808.8K
NOI $48,529 @ 7.0% cap · market cap 1,311.59%
Second Best
Mixed Use
$590.1K
$516.4K – $688.5K
NOI $41,310 @ 7.0% cap · market cap 1,116.49%
Theoretical Best
Office A
$923.2K
$807.8K – $1.08M
NOI $64,627 @ 7.0% cap · market cap 1,746.68%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,556
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?
Mixed-use property - A flexible commercial layout includes a private office and separate warehouse storage area.
Where is this mixed-use property located?
The property is located at 402 S Main Street S McAllen, TX.
What are key features of this property?
This property features: 3,400 square feet of mixed‑use space; Retail and showroom area; Private office
