Office Suite with Private
For Sale
$449,995
509 W Nolana Ave, McAllen, TX 78504
Office suite for sale with a private entrance and a flexible layout for two offices or reception plus private office.
Property Size2,250 SF
Price / SF$199
Days on Market78
Property Features for 509 W Nolana Ave
General Information
Standard status
Active
Size
2,250 SF
Amenities
private entrance
Listing Agency:
URSA Real Estate
(956) 252-0544
Listed By:
Santiago Mendiola · License #767977
(956) 252-0544
Source:
Exprealty
Added: May 14
Changed: Jul 27
Last Checked: Jul 29 at 5:02PM
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 URSA Real Estate
Investment Insights
Based on property information with market context.
This office suite offers a flexible interior layout that can be configured as two offices, or as a reception area with a private office. The suite includes its own private entrance, supporting straightforward client access and day-to-day operations.
The property is located within a well-established office complex along a high-traffic business corridor near 10th Street in McAllen. The surrounding area includes restaurants, banks, and professional offices.
The space is presented for a range of professional uses, including insurance and other professional services, medical and consulting, as well as multi-tenant coworking concepts.
The property is located within a well-established office complex along a high-traffic business corridor near 10th Street in McAllen. The surrounding area includes restaurants, banks, and professional offices.
The space is presented for a range of professional uses, including insurance and other professional services, medical and consulting, as well as multi-tenant coworking concepts.
Key Highlights
- Office suite for sale in a well‑established office complex in the heart of McAllen
- Private entrance with a flexible layout that can be configured as two offices or a reception area plus a private office
- Located in a high‑traffic business corridor near 10th Street with accessibility to surrounding restaurants, banks, and professional offices
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 | $47.3k | $21.00 |
| − Vacancy | −$7.1k | −$3.15 |
| EGI | $40.2k | $17.85 |
| − OpEx | −$10.0k | −$4.46 |
| NOI | $30.1k | $13.39 |
2,250 SF · lease $21.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$430.3K
$376.5K – $502.0K
NOI $30,122 @ 7.0% cap · market cap 6.69%
Second Best
Healthcare Medical
$416.6K
$364.5K – $486.0K
NOI $29,160 @ 7.0% cap · market cap 6.48%
Theoretical Best
Office A
$611.0K
$534.6K – $712.8K
NOI $42,768 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,758
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office suite for sale with a private entrance and a flexible layout for two offices or reception plus private office.
Where is this office units located?
The property is located at 509 W Nolana Ave McAllen, TX.
What is the asking price?
The asking price for this property is $449,995.
What are key features of this property?
This property features: Office suite for sale in a well‑established office complex in the heart of McAllen; Private entrance with a flexible layout that can be configured as two offices or a reception area plus a private office; Located in a high‑traffic business corridor near 10th Street with accessibility to surrounding restaurants, banks, and professional offices
