Carpeted Office
New
For Sale
Contact for pricing
5401 N 10th Street Unit 232, McAllen, TX 78504
A 400-square-foot suite offers a defined workspace for business furnishings and equipment.
Property Size400 SF
Price / SF$1.38
Days on Market2
Property Features for 5401 N 10th Street Unit 232
General Information
Standard status
Active
Size
400 SF
Property subtype
Commercial
Additional Details
Property Use
Office
Building Details
Year Built
1984
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 2:53PM
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 400-square-foot office unit features carpeted flooring and a single-room layout. The space can accommodate business furniture and equipment within a compact, defined footprint.
Located at 5401 N 10th Street, Unit 232, in McAllen, the office building dates to 1984.
Located at 5401 N 10th Street, Unit 232, in McAllen, the office building dates to 1984.
Key Highlights
- 400‑square‑foot office unit
- Carpeted flooring
- Single‑room configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,355
Suggested Prices Based on Cap Rates
Cap Rate 5%
$107,100
$107.1K
Cap Rate 7%
$76,500
$76.5K
Cap Rate 9%
$59,500
$59.5K
Market Conditions
NOI Build-Up for 400 SF
Gross rent
$8.4K $21.00/SF
− Vacancy
−$1.3K −$3.15/SF
EGI
$7.1K $17.85/SF
− OpEx
−$1.8K −$4.46/SF
NOI
$5.4K $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%
$107,100
Cap Rate 7%
$76,500
Cap Rate 9%
$59,500
Alternative Uses
Best Use
Office B
$76.5K
$66.9K – $89.3K
NOI $5,355 @ 7.0% cap · market cap 973.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$108.6K
$95.0K – $126.7K
NOI $7,603 @ 7.0% cap · market cap 1,382.36%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,033
Businesses Nearby
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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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A 400-square-foot suite offers a defined workspace for business furnishings and equipment.
Where is this office unit located?
The property is located at 5401 N 10th Street Unit 232 McAllen, TX.
What are key features of this property?
This property features: 400‑square‑foot office unit; Carpeted flooring; Single‑room configuration
