Office Suite with Ceramic
New
For Sale
Contact for pricing
407 Nolana Avenue Unit 2, McAllen, TX 78504
Light, water, and internet are included with this office space in McAllen.
Property Size125 SF
Price / SF$3.12
Days on Market2
Property Features for 407 Nolana Avenue Unit 2
General Information
Standard status
Active
Size
125 SF
Property subtype
Commercial
Additional Details
Property Use
Office
Amenities
Light Water
Internet
ceramic flooring
Building Details
Year Built
1979
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 3:02PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office space at 407 Nolana Avenue, Unit 2, has ceramic flooring. Light, water, and internet are included. The building was constructed in 1979.
The property is in McAllen among businesses, medical centers, and retail outlets.
The property is in McAllen among businesses, medical centers, and retail outlets.
Key Highlights
- Light, water, and internet included
- Ceramic flooring
- Built in 1979
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,673
Suggested Prices Based on Cap Rates
Cap Rate 5%
$33,460
$33.5K
Cap Rate 7%
$23,900
$23.9K
Cap Rate 9%
$18,589
$18.6K
Market Conditions
NOI Build-Up for 125 SF
Gross rent
$2.6K $21.00/SF
− Vacancy
−$394 −$3.15/SF
EGI
$2.2K $17.85/SF
− OpEx
−$558 −$4.46/SF
NOI
$1.7K $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%
$33,460
Cap Rate 7%
$23,900
Cap Rate 9%
$18,589
Alternative Uses
Best Use
Office B
$23.9K
$20.9K – $27.9K
NOI $1,673 @ 7.0% cap · market cap 428.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$33.9K
$29.7K – $39.6K
NOI $2,376 @ 7.0% cap · market cap 609.23%
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
1,522
Businesses Nearby
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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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Light, water, and internet are included with this office space in McAllen.
Where is this office unit located?
The property is located at 407 Nolana Avenue Unit 2 McAllen, TX.
What are key features of this property?
This property features: Light, water, and internet included; Ceramic flooring; Built in 1979
