Retail Space Near Shopping
New
For Sale
Contact for pricing
609 S 10th Street, McAllen, TX 78501
Retailers, restaurants, and shopping centers surround the property in an established commercial district.
Property Size22,355 SF
Price / SF$0.87
Days on Market1
Property Features for 609 S 10th Street
General Information
Standard status
Active
Size
22,355 SF
Property subtype
Commercial
Building Details
Year Built
1989
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 1:39AM
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 retail property contains 12,670 SF of interior space and was built in 1989. It is located at 609 S 10th Street in McAllen, Texas.
Retailers, restaurants, and shopping centers are located in the surrounding area. La Plaza Mall is also described as a short drive from the property.
Retailers, restaurants, and shopping centers are located in the surrounding area. La Plaza Mall is also described as a short drive from the property.
Key Highlights
- 12,670 SF of interior retail space
- Built in 1989
- Located at 609 S 10th Street in McAllen, Texas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$319,079
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,381,580
$6.4M
Cap Rate 7%
$4,558,271
$4.6M
Cap Rate 9%
$3,545,322
$3.5M
Market Conditions
NOI Build-Up for 22,355 SF
Gross rent
$482.9K $21.60/SF
− Vacancy
−$27.0K −$1.21/SF
EGI
$455.8K $20.39/SF
− OpEx
−$136.7K −$6.12/SF
NOI
$319.1K $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%
$6,381,580
Cap Rate 7%
$4,558,271
Cap Rate 9%
$3,545,322
Alternative Uses
Best Use
Retail
$4.56M
$3.99M – $5.32M
NOI $319,079 @ 7.0% cap · market cap 1,642.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.07M
$5.31M – $7.08M
NOI $424,924 @ 7.0% cap · market cap 2,187.29%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,393
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Retailers, restaurants, and shopping centers surround the property in an established commercial district.
Where is this retail space located?
The property is located at 609 S 10th Street McAllen, TX.
What are key features of this property?
This property features: 12,670 SF of interior retail space; Built in 1989; Located at 609 S 10th Street in McAllen, Texas
