Mixed-Use Commercial
For Sale
$3,000,000
615 617 609 W Us Highway 83, McAllen, TX 78501
For sale bundle includes three income-producing buildings with mixed-use zoning along US Highway 83 in McAllen.
Property Size23,862 SF
Price / SF$125.72
Days on Market101
Property Features for 615 617 609 W Us Highway 83
General Information
Standard status
Active
Size
23,862 SF
Zoning
mixed use
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Building Details
Year Built
1965
Listing Agency:
Jade Real Estate LLC
Listed By:
Jose Alberto Lopez lll
(956) 638-9816
Source:
Aregtx
Added: Jul 17
Changed: Oct 5
Last Checked: Oct 7 at 1:47PM
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 Jade Real Estate LLC
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Investment Insights
Based on property information with market context.
This for-sale commercial bundle includes three income-producing buildings, offered together as a single portfolio. The properties are zoned for mixed use and provide versatile space options for retail, office, or warehouse operations, depending on the needs of the incoming owner or tenants.
The buildings are located at 615, 617, and 609 W US Highway 83 in McAllen, Texas, positioned along US Highway 83 as described in the remarks. The seller notes the location provides visibility, and the offering includes owner financing availability; call for terms.
The combination of multiple buildings and mixed-use zoning makes this package suitable for buyers looking for a multi-asset investment or a self-use strategy using more than one structure.
The buildings are located at 615, 617, and 609 W US Highway 83 in McAllen, Texas, positioned along US Highway 83 as described in the remarks. The seller notes the location provides visibility, and the offering includes owner financing availability; call for terms.
The combination of multiple buildings and mixed-use zoning makes this package suitable for buyers looking for a multi-asset investment or a self-use strategy using more than one structure.
Key Highlights
- Commercial bundle includes three income‑producing buildings in McAllen
- All three buildings are located along high‑traffic US Highway 83
- Zoned for mixed use, allowing versatility for retail, office, or warehouse operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$175,973
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,519,460
$3.5M
Cap Rate 7%
$2,513,900
$2.5M
Cap Rate 9%
$1,955,256
$2.0M
Market Conditions
NOI Build-Up for 23,862 SF
Gross rent
$214.8K $9.00/SF
− Vacancy
−$7.7K −$0.32/SF
EGI
$207.0K $8.68/SF
− OpEx
−$31.1K −$1.30/SF
NOI
$176.0K $7.37/SF
Area
McAllen, TX
Vacancy
3.60%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,519,460
Cap Rate 7%
$2,513,900
Cap Rate 9%
$1,955,256
Alternative Uses
Best Use
Retail
$4.87M
$4.26M – $5.68M
NOI $340,589 @ 7.0% cap · market cap 11.35%
Second Best
Mixed Use
$4.14M
$3.62M – $4.83M
NOI $289,923 @ 7.0% cap · market cap 9.66%
Theoretical Best
Office A
$6.48M
$5.67M – $7.56M
NOI $453,569 @ 7.0% cap · market cap 15.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,396
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - For sale bundle includes three income-producing buildings with mixed-use zoning along US Highway 83 in McAllen.
Where is this mixed-use property located?
The property is located at 615 617 609 W Us Highway 83 McAllen, TX.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Commercial bundle includes three income‑producing buildings in McAllen; All three buildings are located along high‑traffic US Highway 83; Zoned for mixed use, allowing versatility for retail, office, or warehouse operations
