Fully Leased Mixed-Use
For Sale
$6,100,000
500 E Hackberry Ave, McAllen, TX 78501
Established commercial asset near major retail centers with parking for over 250 vehicles.
Property Size24,982 SF
Price / SF$244.18
Days on Market56
Property Features for 500 E Hackberry Ave
General Information
Standard status
Active
Size
24,982 SF
Occupancy
100%
Building Details
Year Built
1977
Listing Agency:
Coldwell Banker La Mansion
Listed By:
Robert Bruno Macias
(951) 367-7025
Source:
Aregtx
Added: Aug 16
Changed: Oct 9
Last Checked: Oct 7 at 2:18PM
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 Coldwell Banker La Mansion
Investment Insights
Based on property information with market context.
Hackberry Business Park is a fully leased mixed-use property constructed in 1977. The asset provides an established commercial setting with parking capacity for over 250 vehicles and is identified as an income-producing property.
The property is located at 500 E Hackberry Ave in McAllen, Texas, less than a mile from major retail shopping centers. Surrounding context includes established subdivisions, the V.A. Office, and McAllen Memorial High School. The site also offers the stated option to construct additional commercial and industrial buildings.
The property is located at 500 E Hackberry Ave in McAllen, Texas, less than a mile from major retail shopping centers. Surrounding context includes established subdivisions, the V.A. Office, and McAllen Memorial High School. The site also offers the stated option to construct additional commercial and industrial buildings.
Key Highlights
- Fully leased mixed‑use property at Hackberry Business Park
- Constructed in 1977
- Parking for over 250 vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$334,447
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,688,940
$6.7M
Cap Rate 7%
$4,777,814
$4.8M
Cap Rate 9%
$3,716,078
$3.7M
Market Conditions
NOI Build-Up for 24,982 SF
Gross rent
$524.6K $21.00/SF
− Vacancy
−$78.7K −$3.15/SF
EGI
$445.9K $17.85/SF
− OpEx
−$111.5K −$4.46/SF
NOI
$334.4K $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%
$6,688,940
Cap Rate 7%
$4,777,814
Cap Rate 9%
$3,716,078
Alternative Uses
Best Use
Office B
$4.78M
$4.18M – $5.57M
NOI $334,447 @ 7.0% cap · market cap 5.48%
Second Best
Mixed Use
$4.34M
$3.79M – $5.06M
NOI $303,531 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$6.78M
$5.94M – $7.91M
NOI $474,858 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,122
Businesses Nearby
Explore this area
Business Placement
Demographics for 78501, TX
60,817
Population
24,807
Households
2.5
Avg Household Size
37
Median Age
27%
College-Educated
77%
High-School Grad
15.5 sq mi
ZIP Area
3,924
Density / Sq Mi
$49,451
Median Household Income
$29,092
Median Earnings
$943
Median Rent
$149,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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?
Mixed-use property - Established commercial asset near major retail centers with parking for over 250 vehicles.
Where is this mixed-use property located?
The property is located at 500 E Hackberry Ave McAllen, TX.
What is the asking price?
The asking price for this property is $6,100,000.
What are key features of this property?
This property features: Fully leased mixed‑use property at Hackberry Business Park; Constructed in 1977; Parking for over 250 vehicles
