Office Suite with Private
New
For Sale
Contact for pricing
601 E Nolana Avenue, McAllen, TX 78501
The existing layout includes reception, a conference room, an employee lounge, and two restrooms.
Property Size6,485 SF
Price / SF$1.85
Days on Market2
Property Features for 601 E Nolana Avenue
General Information
Standard status
Active
Size
6,485 SF
Property subtype
Commercial
Additional Details
Condition
Second Generation
Property Use
Office
Amenities
private offices
reception area
conference room
employee lounge
restrooms
Building Details
Year Built
1993
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 3:37PM
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.
Suite D contains 6,485 square feet of office space, with a second-generation build-out dating to a 1993 building. Its 14 private offices are complemented by reception, a conference room, an employee lounge, and two restrooms, providing a defined workspace configuration.
Key Highlights
- 6,485 square feet of office space
- 14 private offices
- Reception area and conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,818
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,736,360
$1.7M
Cap Rate 7%
$1,240,257
$1.2M
Cap Rate 9%
$964,644
$964.6K
Market Conditions
NOI Build-Up for 6,485 SF
Gross rent
$136.2K $21.00/SF
− Vacancy
−$20.4K −$3.15/SF
EGI
$115.8K $17.85/SF
− OpEx
−$28.9K −$4.46/SF
NOI
$86.8K $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%
$1,736,360
Cap Rate 7%
$1,240,257
Cap Rate 9%
$964,644
Alternative Uses
Best Use
Office B
$1.24M
$1.09M – $1.45M
NOI $86,818 @ 7.0% cap · market cap 723.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $123,267 @ 7.0% cap · market cap 1,027.48%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,485
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The existing layout includes reception, a conference room, an employee lounge, and two restrooms.
Where is this office unit located?
The property is located at 601 E Nolana Avenue McAllen, TX.
What are key features of this property?
This property features: 6,485 square feet of office space; 14 private offices; Reception area and conference room
