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 Market96
Property Features for 509 W Nolana Ave
General Information
Standard status
Active
Size
2,250 SF
Amenities
private entrance
Building Details
Year Built
1979
Listing Agency:
URSA Real Estate
Listed By:
Santiago Mendiola · License #767977
(956) 252-0544
Source:
Aregtx
Added: Jul 26
Changed: Oct 25
Last Checked: Oct 7 at 2:56PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$30,122
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$602,440
$602.4K
Cap Rate 7%
$430,314
$430.3K
Cap Rate 9%
$334,689
$334.7K
Market Conditions
NOI Build-Up for 2,250 SF
Gross rent
$47.3K $21.00/SF
− Vacancy
−$7.1K −$3.15/SF
EGI
$40.2K $17.85/SF
− OpEx
−$10.0K −$4.46/SF
NOI
$30.1K $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%
$602,440
Cap Rate 7%
$430,314
Cap Rate 9%
$334,689
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.
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Current Use
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 suite for sale with a private entrance and a flexible layout for two offices or reception plus private office.
Where is this office unit 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
