Two-Story Office
New
For Sale
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5401 N 10th Street Unit 215, McAllen, TX 78504
The McAllen unit provides 2,100 square feet of office space.
Property Size53,651 SF
Price / SF$0.04
Days on Market1
Property Features for 5401 N 10th Street Unit 215
General Information
Standard status
Active
Size
53,651 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 1:41AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 5401 N 10th Street, Unit 215, in McAllen, this office unit spans two stories and contains 2,100 square feet. The property is part of The Courtyard and was built in 1984.
Key Highlights
- Two‑story office unit with 2,100 square feet
- Located at The Courtyard, 5401 N 10th Street, Unit 215, McAllen
- Built in 1984
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$718,253
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,365,060
$14.4M
Cap Rate 7%
$10,260,757
$10.3M
Cap Rate 9%
$7,980,589
$8.0M
Market Conditions
NOI Build-Up for 53,651 SF
Gross rent
$1.13M $21.00/SF
− Vacancy
−$169.0K −$3.15/SF
EGI
$957.7K $17.85/SF
− OpEx
−$239.4K −$4.46/SF
NOI
$718.3K $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%
$14,365,060
Cap Rate 7%
$10,260,757
Cap Rate 9%
$7,980,589
Alternative Uses
Best Use
Office B
$10.26M
$8.98M – $11.97M
NOI $718,253 @ 7.0% cap · market cap 34,202.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$14.57M
$12.75M – $17.00M
NOI $1,019,798 @ 7.0% cap · market cap 48,561.81%
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
1,033
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
Frequently Asked Questions
What type of property is this?
Office unit - The McAllen unit provides 2,100 square feet of office space.
Where is this office unit located?
The property is located at 5401 N 10th Street Unit 215 McAllen, TX.
What are key features of this property?
This property features: Two‑story office unit with 2,100 square feet; Located at The Courtyard, 5401 N 10th Street, Unit 215, McAllen; Built in 1984
