Office Unit with Conference
New
For Sale
Contact for pricing
500 Pecan Boulevard, McAllen, TX 78501
A multi-office layout combines meeting rooms, private work areas, and a lounge with a sink and stove hookup.
Property Size1,842 SF
Price / SF$2.17
Days on Market2
Property Features for 500 Pecan Boulevard
General Information
Standard status
Active
Size
1,842 SF
Total Parking Spaces
13
Property subtype
Commercial
Amenities
conference rooms
lobby
lounge
backyard
pergola
screened-in patio
Building Details
Year Built
1982
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 4:01PM
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 SANETI REALTY GROUP
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Investment Insights
Based on property information with market context.
This 1,842-square-foot office property, built in 1982, includes two conference rooms, a lobby, a reception office, and several private offices. One office has a full bathroom and closet; two others also include closets. The lounge has a sink and stove hookup, and the interior offers 2.5 bathrooms and two utility closets. Picture windows bring natural light into the space.
The property is at 500 Pecan Boulevard in McAllen. Exterior features include 13 parking spaces, an expansive backyard, a pergola, alley access, and a screened patio.
The property is at 500 Pecan Boulevard in McAllen. Exterior features include 13 parking spaces, an expansive backyard, a pergola, alley access, and a screened patio.
Key Highlights
- 1,842 square feet; built in 1982
- Two conference rooms, lobby, reception office, and multiple private offices
- One private office has a full bathroom and closet; two others have closets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,660
Suggested Prices Based on Cap Rates
Cap Rate 5%
$493,200
$493.2K
Cap Rate 7%
$352,286
$352.3K
Cap Rate 9%
$274,000
$274.0K
Market Conditions
NOI Build-Up for 1,842 SF
Gross rent
$38.7K $21.00/SF
− Vacancy
−$5.8K −$3.15/SF
EGI
$32.9K $17.85/SF
− OpEx
−$8.2K −$4.46/SF
NOI
$24.7K $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%
$493,200
Cap Rate 7%
$352,286
Cap Rate 9%
$274,000
Alternative Uses
Best Use
Office B
$352.3K
$308.3K – $411.0K
NOI $24,660 @ 7.0% cap · market cap 616.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$500.2K
$437.7K – $583.6K
NOI $35,013 @ 7.0% cap · market cap 875.32%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,420
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A multi-office layout combines meeting rooms, private work areas, and a lounge with a sink and stove hookup.
Where is this office unit located?
The property is located at 500 Pecan Boulevard McAllen, TX.
What are key features of this property?
This property features: 1,842 square feet; built in 1982; Two conference rooms, lobby, reception office, and multiple private offices; One private office has a full bathroom and closet; two others have closets
