12-Office
For Sale
$480,000
407 W Nolana Avenue, McAllen, TX 78504
A shared client reception area and Wi-Fi support the property's individual office layout.
Property Size2,100 SF
Price / SF$228.57
Days on Market8
Property Features for 407 W Nolana Avenue
General Information
Standard status
Active
Size
2,100 SF
Total Parking Spaces
12
Property subtype
Commercial
Additional Details
Cap Rate
8.5%
Office Units
12
Property Use
Office
Taxes and HOA fees
Annual Taxes
$4,392
Amenities
Wi-Fi
Building Details
Building Size
2,100 SF
Year Built
1979
Stories
1
Listing Agency:
Vela Commercial Real Estate
(956) 339-3836
Listed By:
Rogelio Vela
(956) 270-2432
Source:
Gdvrealty
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 26 at 4:02AM
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 Vela Commercial Real Estate
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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.
The 2,100-square-foot office property, built in 1979, contains 12 private offices and a shared area for receiving visitors. Ceramic tile flooring extends throughout, and Wi-Fi is provided for tenants. The property is located at 407 W Nolana Avenue in McAllen, Texas.
The reported capitalization rate is 8.5%, and the property is described as having a tenant waiting list.
The reported capitalization rate is 8.5%, and the property is described as having a tenant waiting list.
Key Highlights
- 12 individual offices in a 2,100‑square‑foot building
- Shared area for welcoming clients and visitors
- Ceramic tile flooring throughout the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,114
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$562,280
$562.3K
Cap Rate 7%
$401,629
$401.6K
Cap Rate 9%
$312,378
$312.4K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$44.1K $21.00/SF
− Vacancy
−$6.6K −$3.15/SF
EGI
$37.5K $17.85/SF
− OpEx
−$9.4K −$4.46/SF
NOI
$28.1K $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%
$562,280
Cap Rate 7%
$401,629
Cap Rate 9%
$312,378
Alternative Uses
Best Use
Office B
$401.6K
$351.4K – $468.6K
NOI $28,114 @ 7.0% cap · market cap 5.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$570.2K
$499.0K – $665.3K
NOI $39,917 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
12
Office units
Location Intelligence
Trade Area within ½ mile
1,522
Businesses Nearby
Explore this area
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 Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A shared client reception area and Wi-Fi support the property's individual office layout.
Where is this office building located?
The property is located at 407 W Nolana Avenue McAllen, TX.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: 12 individual offices in a 2,100‑square‑foot building; Shared area for welcoming clients and visitors; Ceramic tile flooring throughout the property
