Office Property with Paved
New
For Sale
$1,367,144
4700 N Ware Road McAllen, McAllen, TX 78504
A standalone secondary office and fenced parking areas accompany the main building, with potential for several commercial uses.
Property Size6,109 SF
Lot Size2.59 Acres
Price / SF$223.79
Days on Market2
Property Features for 4700 N Ware Road McAllen
General Information
Standard status
Active
Size
6,109 SF
Lot size
2.59 Acres
Property subtype
Commercial
Site & Location
Road Frontage
856 ft
Road Access
Yes
Additional Details
Asking Price
$1,367,144
Land Use
commercial
Taxes and HOA fees
Annual Taxes
$1.00
Building Details
Building Size
6,109 SF
Year Built
1960
Buildings
2
Tenancy
Single
Abandoned
No
Listing Agency:
Aztec Realty & Investments, LLC
Listed By:
Blake J. Box
(956) 571-0484
Source:
Primeluxuryrealestate
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 14 at 10:43PM
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
Investment Insights
Based on property information with market context.
The property includes a 5,341-square-foot office building and a separate 768-square-foot office structure. The main building was constructed in 1960 as a residence and later converted to office use. A paved parking area sits near Ware Road, with an additional fenced parking lot behind and north of the buildings. The property information identifies potential office, medical, child or adult day care, and general commercial uses.
The site comprises approximately 6.5 acres, with about 856 feet of frontage on N. Ware Road. It lies east of the road, less than one block north of Buddy Owens Boulevard, also known as Three Mile Line, in McAllen. Wisteria Avenue bisects the northern portion of the larger property. The existing office parcel, adjoining land, and northern acreage may be offered in different configurations. A property survey is available to prospective buyers.
The site comprises approximately 6.5 acres, with about 856 feet of frontage on N. Ware Road. It lies east of the road, less than one block north of Buddy Owens Boulevard, also known as Three Mile Line, in McAllen. Wisteria Avenue bisects the northern portion of the larger property. The existing office parcel, adjoining land, and northern acreage may be offered in different configurations. A property survey is available to prospective buyers.
Key Highlights
- Approximately 6.5 acres with 856 feet of frontage on N. Ware Road
- 5,341‑square‑foot main office building, originally constructed in 1960
- Separate 768‑square‑foot office structure
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
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Current Use
Lease Details
Single-tenant
Tenancy
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
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - A standalone secondary office and fenced parking areas accompany the main building, with potential for several commercial uses.
Where is this office building located?
The property is located at 4700 N Ware Road McAllen 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 with 856 feet of frontage on N. Ware Road; 5,341‑square‑foot main office building, originally constructed in 1960; Separate 768‑square‑foot office structure
