Mixed-Use Land with Income
4901 Buddy Owens Boulevard McAllen, TX 78504
For Sale
$1,900,000
COMMERCIAL - McAllen, TX
Property Size7,931 SF
Lot Size8.70 Acres
Price / SF$239.57
Days on Market272
Property Features for 4901 Buddy Owens Boulevard
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 28
- Appliances
- Electric Water Heater, Tankless Water Heater
- Standard status
- Active
- APN
- 281768
- Size
- 7,931 SF
- Lot size
- 8.70 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 8385
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 1985
- Floors in Building
- 2
- Building materials
- Block, Stucco, Wood Siding
- Roof type
- Flat, Metal
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Jalyssa Garza
(956) 655-2191
Added: Oct 29, 2025
Changed: Jun 9
Last Checked: Jul 27 at 7:06AM
MLS# 484077
Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale mixed-use property consists of three connecting parcels totaling 8.7 acres. The site includes an 8-unit multifamily complex and two commercial office units, both with existing tenants. The property is set up to support an income stream immediately while offering flexibility for future planning tied to the land configuration.
The address is 4901 Buddy Owens Boulevard in McAllen, Texas, and the property is described as having dual frontage on Buddy Owens Boulevard and Taylor Road. That access and frontage placement supports day-to-day visibility and approachability for both residential and office uses.
For buyers seeking an income-producing asset, the combination of residential units and occupied office space can provide diversified rental coverage within one land package. The presence of three connecting parcels may also appeal to operators and developers who want a consolidated site for managing existing income units and coordinating any future repositioning plans on the same holdings. No matter the direction, the current structure provides immediate tenants in place alongside an acreage footprint designed for continued use and potential reconfiguration.
The address is 4901 Buddy Owens Boulevard in McAllen, Texas, and the property is described as having dual frontage on Buddy Owens Boulevard and Taylor Road. That access and frontage placement supports day-to-day visibility and approachability for both residential and office uses.
For buyers seeking an income-producing asset, the combination of residential units and occupied office space can provide diversified rental coverage within one land package. The presence of three connecting parcels may also appeal to operators and developers who want a consolidated site for managing existing income units and coordinating any future repositioning plans on the same holdings. No matter the direction, the current structure provides immediate tenants in place alongside an acreage footprint designed for continued use and potential reconfiguration.
Key Highlights
- 8.7 Acres of Land with Dual Frontage on High‑Growth Corridor
- Income‑Producing Asset with Multifamily and Commercial Tenants
- Redevelopment Potential for Multifamily, Mixed‑Use, or Commercial Projects
Financial Insights For Office B
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 | $166.6k | $21.00 |
| − Vacancy | −$25.0k | −$3.15 |
| EGI | $141.6k | $17.85 |
| − OpEx | −$35.4k | −$4.46 |
| NOI | $106.2k | $13.39 |
7,931 SF · lease $21.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.52M
$1.33M – $1.77M
NOI $106,176 @ 7.0% cap · market cap 5.59%
Second Best
Mixed Use
$1.38M
$1.20M – $1.61M
NOI $96,362 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$2.15M
$1.88M – $2.51M
NOI $150,752 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Mixed-use property - Income-producing site with an 8-unit multifamily complex and two occupied office spaces across three connecting parcels.
Where is this mixed-use property located?
The property is located at 4901 Buddy Owens Boulevard McAllen, TX.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 8.7 Acres of Land with Dual Frontage on High‑Growth Corridor; Income‑Producing Asset with Multifamily and Commercial Tenants; Redevelopment Potential for Multifamily, Mixed‑Use, or Commercial Projects
