Configured Office
For Sale
$325,000
505 W Nolana Ave, McAllen, TX 78504
Office space includes private rooms, built-in workstations, a conference area, kitchen, restrooms, shower, and covered patio.
Property Size1,500 SF
Price / SF$216.67
Days on Market60
Property Features for 505 W Nolana Ave
General Information
Standard status
Active
Size
1,500 SF
Additional Details
Furnished
Yes
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,553
Amenities
separate restrooms
full shower
kitchen area
covered outdoor patio
Listing Agency:
Blue Diamond Realty Group LLC
Listed By:
Katty Valdez
(956) 467-2120
Source:
Exprealty
Added: Aug 31
Changed: Oct 25
Last Checked: Oct 28 at 2:31PM
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 Blue Diamond Realty Group LLC
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Investment Insights
Based on property information with market context.
This office unit at 505 W Nolana Avenue in McAllen is arranged for immediate business use, with built-in desks, private office areas, and a conference table. The layout also includes separate restrooms, a full shower, a kitchen area, and a covered outdoor patio. These improvements support professional services, including real estate, insurance, legal, accounting, medical, and wellness-related operations where permitted.
The property sits on W Nolana Avenue near 10th Street, Bicentennial Boulevard, and Expressway 281, providing access to several established thoroughfares. Its existing office infrastructure and range of practical amenities accommodate both employee functions and client-facing activity.
The property sits on W Nolana Avenue near 10th Street, Bicentennial Boulevard, and Expressway 281, providing access to several established thoroughfares. Its existing office infrastructure and range of practical amenities accommodate both employee functions and client-facing activity.
Key Highlights
- Built‑in office desks and private office areas
- Conference table, kitchen area, separate restrooms, and full shower
- Covered outdoor patio included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,081
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,620
$401.6K
Cap Rate 7%
$286,871
$286.9K
Cap Rate 9%
$223,122
$223.1K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$31.5K $21.00/SF
− Vacancy
−$4.7K −$3.15/SF
EGI
$26.8K $17.85/SF
− OpEx
−$6.7K −$4.46/SF
NOI
$20.1K $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%
$401,620
Cap Rate 7%
$286,871
Cap Rate 9%
$223,122
Alternative Uses
Best Use
Office B
$286.9K
$251.0K – $334.7K
NOI $20,081 @ 7.0% cap · market cap 6.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$407.3K
$356.4K – $475.2K
NOI $28,512 @ 7.0% cap · market cap 8.77%
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
Highway access
Location Intelligence
Trade Area within ½ mile
1,522
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Office space includes private rooms, built-in workstations, a conference area, kitchen, restrooms, shower, and covered patio.
Where is this office unit located?
The property is located at 505 W Nolana Ave McAllen, TX.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Built‑in office desks and private office areas; Conference table, kitchen area, separate restrooms, and full shower; Covered outdoor patio included
