Entertainment District Retail
New
For Sale
Contact for pricing
516 S 17th Street, McAllen, TX 78501
The interior can accommodate retail or professional service uses in a downtown setting.
Property Size1,500 SF
Price / SF$0.67
Days on Market2
Property Features for 516 S 17th Street
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Commercial
Building Details
Year Built
1978
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 3:52PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail space at 516 S 17th Street in McAllen, Texas, contains 1,500 square feet and was built in 1978. The interior is described as suitable for retail or professional services, with its layout available for a future design approach.
The property is located in McAllen’s Entertainment District, in the downtown area.
The property is located in McAllen’s Entertainment District, in the downtown area.
Key Highlights
- 1,500 square feet of interior space
- Located in McAllen’s Entertainment District
- 516 S 17th Street, McAllen, TX 78501
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,410
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,200
$428.2K
Cap Rate 7%
$305,857
$305.9K
Cap Rate 9%
$237,889
$237.9K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$32.4K $21.60/SF
− Vacancy
−$1.8K −$1.21/SF
EGI
$30.6K $20.39/SF
− OpEx
−$9.2K −$6.12/SF
NOI
$21.4K $14.27/SF
Area
McAllen, TX
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,200
Cap Rate 7%
$305,857
Cap Rate 9%
$237,889
Alternative Uses
Best Use
Retail
$305.9K
$267.6K – $356.8K
NOI $21,410 @ 7.0% cap · market cap 2,141.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$407.3K
$356.4K – $475.2K
NOI $28,512 @ 7.0% cap · market cap 2,851.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,582
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
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - The interior can accommodate retail or professional service uses in a downtown setting.
Where is this retail space located?
The property is located at 516 S 17th Street McAllen, TX.
What are key features of this property?
This property features: 1,500 square feet of interior space; Located in McAllen’s Entertainment District; 516 S 17th Street, McAllen, TX 78501
