Office Property with Paved
For Sale
$1,367,144
4700 N Ware Rd, McAllen, TX 78504
Two office structures occupy part of a larger land holding, with paved and fenced parking areas.
Property Size6,109 SF
Lot Size6.50 Acres
Price / SF$223.79
Days on Market12
Property Features for 4700 N Ware Rd
General Information
Standard status
Active
Size
6,109 SF
Lot size
6.50 Acres
Site & Location
Road Frontage
856 ft
Road Access
Yes
Fenced Yard
Yes
Additional Details
Land Use
office
Taxes and HOA fees
Annual Taxes
$1.00
Building Details
Buildings
2
Listing Agency:
Aztec Realty & Investments, LLC
(956) 668-8790
Listed By:
Blake J. Box
(956) 571-0484
Source:
Exprealty
Added: Oct 12
Changed: Oct 21
Last Checked: Oct 21 at 2:17AM
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 Aztec Realty & Investments, LLC
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Investment Insights
Based on property information with market context.
The property comprises approximately 6.5 acres, including a southern parcel of approximately 2.59 acres improved with a 5,341-square-foot office building and a separate 768-square-foot office structure. A paved parking area is positioned along Ware Road, with an additional fenced lot behind and north of the buildings. The existing occupant is scheduled to leave in Fall 2026.
The site has approximately 856 feet of frontage on N. Ware Road and sits about one block north of Buddy Owens Boulevard in McAllen, Texas.
The site has approximately 856 feet of frontage on N. Ware Road and sits about one block north of Buddy Owens Boulevard in McAllen, Texas.
Key Highlights
- Approximately 6.5 acres overall, including a southern parcel of approximately 2.59 acres
- 5,341‑square‑foot office building plus a separate 768‑square‑foot office structure
- Approximately 856 feet of frontage on N. Ware Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,784
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,635,680
$1.6M
Cap Rate 7%
$1,168,343
$1.2M
Cap Rate 9%
$908,711
$908.7K
Market Conditions
NOI Build-Up for 6,109 SF
Gross rent
$128.3K $21.00/SF
− Vacancy
−$19.2K −$3.15/SF
EGI
$109.0K $17.85/SF
− OpEx
−$27.3K −$4.46/SF
NOI
$81.8K $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%
$1,635,680
Cap Rate 7%
$1,168,343
Cap Rate 9%
$908,711
Alternative Uses
Best Use
Office B
$1.17M
$1.02M – $1.36M
NOI $81,784 @ 7.0% cap · market cap 5.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,120 @ 7.0% cap · market cap 8.49%
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
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
424
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Two office structures occupy part of a larger land holding, with paved and fenced parking areas.
Where is this office building located?
The property is located at 4700 N Ware Rd McAllen, TX.
What is the asking price?
The asking price for this property is $1,367,144.
What are key features of this property?
This property features: Approximately 6.5 acres overall, including a southern parcel of approximately 2.59 acres; 5,341‑square‑foot office building plus a separate 768‑square‑foot office structure; Approximately 856 feet of frontage on N. Ware Road
