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    McAllen Commercial Building For Sale Title is generated by Realmo AI

    411 W Business 83, McAllen, TX 78501

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    Downtown McAllen commercial building suitable for owner-user or investment.

    Type:Retail
    Property size:
    2,000 SF
    Price / SF:
    $242/SF
    Added:
    Feb 4, 2022
    Days on Market:
    1584
    Last Refresh:
    May 12 at 10:43 pm

    Property Features for 411 W Business 83

    General Information

    Standard status
    Active
    Size
    2,000 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1983

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    Listing Contact
    CJ Trevino

    Listing agent CJ Trevino License #TX 591033

    Listing office CT PrimeRealty

    Listing date Feb 4, 2022

    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 CT PrimeRealty

    HighLights

    • Located in the heart of downtown McAllen business community.
    • Great opportunity for an Owner‑User to occupy the building.
    • Lobby/showroom with connected small warehouse.
    • Garage faces Business 83.
    • Back covered area for outdoor storage.
    • Previously used as an auto‑repair shop and cellular phone store.

    Overview

    Located in downtown McAllen, Texas, this commercial property presents an opportunity for an owner-user. The building, previously utilized as an auto-repair shop and a cellular phone store, features a lobby/showroom area connected to a small warehouse. The garage faces Business 83 and provides access to a back covered area suitable for outdoor storage. The property size is 2000 square feet.

    Local Financial Insights For Retail

    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 $43.2k $21.60
    − Vacancy −$2.4k −$1.21
    EGI $40.8k $20.39
    − OpEx −$12.2k −$6.12
    NOI $28.5k $14.27
    2,000 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $407.8K
    $356.8K – $475.8K (±1% cap)
    NOI $28,547 @ 7.0% cap · market cap 5.89%
    Second Best
    Warehouse
    $210.7K
    $184.4K – $245.8K (±1% cap)
    NOI $14,749 @ 7.0% cap · market cap 3.04%
    Theoretical Best
    Office A
    $543.1K
    $475.2K – $633.6K (±1% cap)
    NOI $38,016 @ 7.0% cap · market cap 7.84%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Auto shops

    Similar Places Nearby

    • Rapid Towing 2217 W Houston Ave, McAllen, TX 78501
    • El Encino Autoshop McAllen, TX 78501
    • Donkey Graphics 1005 S 23rd St, McAllen, TX 78501
    • El Papalote Quick Lube McAllen, TX 78501
    • Humble Hands Automotive LLC 801 S 23rd St, McAllen, TX 78501

    Map

    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2399
    Latitude
    26.2183

    FAQs

    What type of property is this?
    Auto shop - Downtown McAllen commercial building suitable for owner-user or investment.
    Where is this auto shop located?
    The property is located at 411 W Business 83 McAllen, TX.
    What is the asking price?
    The asking price for this property is $485,000.
    What are key features of this property?
    This property features: Located in the heart of downtown McAllen business community.; Great opportunity for an Owner‑User to occupy the building.; Lobby/showroom with connected small warehouse.
    More about this property
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